Glitches were many, questions were but one and Bally’s Corp. CEO Robeson Reeves was a no-show. Such was the nature of a webinar intended to explain the merger of Bally’s international-interactive business with Intralot.
Reeves being absent, the burden of explanation fell upon Intralot CEO Nikos Nikolakopoulos and his deputy, Chrysostomos Sfatos. Loud shuffling of documents and distant microphone pickup obfuscated many of their remarks.
Sfatos began by stating that Intralot was acquiring Bally’s non-North American digital operations, including Ireland and the United Kingdom, in a transaction valued at €2.7 billion (US$3.16 billion).
Bally’s was a stakeholder in Intralot but would be enlarging its interest to more than 51%, possibly quite a bit more, for “a significant equity stake,” according to Intralot documents.
