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Bally’s sold its international iGaming unit to Intralot for €2.7B, gaining majority control and using proceeds to cut debt and fund growth.
Bally’s Corporation has completed the sale of its international interactive gaming business to Intralot S.A. for €2.7 billion, resulting in Bally’s acquiring a 58% stake in Intralot and becoming its majority shareholder.
The deal, finalized on October 8, 2025, includes €1.53 billion in cash and €1.136 billion in new Intralot shares.
Bally’s will use at least $1 billion in after-tax proceeds to reduce secured debt, with an additional $500 million from a sale-leaseback of its Twin River Lincoln Casino Resort.
At least $200 million will fund its Chicago casino project, backed by a $940 million commitment from Gaming and Leisure Properties.
The combined entity is projected to generate €1.1 billion in annual revenue with EBITDA margins exceeding 39%, targeting expansion in the global iGaming market, expected to reach €200 billion by 2029.
Ballys vendió su unidad internacional de iGaming a Intralot por 2,7 mil millones de euros, obteniendo el control mayoritario y utilizando los ingresos para reducir la deuda y financiar el crecimiento.