Intralot has appointed Robeson Mandela Reeves as its new Chief Executive Officer, following a meeting of the company’s Board of Directors on November 7, 2025.
Reeves also...
Intralot to reach full-year targets after nine-month net loss
Intralot announced it is back on track to reach its full-year financial goals despite revenue and net losses for nine months up to September 2025, with €242.5 million in revenue, 2.9% less than in 2024.
CEO Robeson Reeves has mentioned the impact of strong foreign exchange headwinds, but at the same he believes the company’s latest €2.7 billion purchase of Bally’s international assets will help to bring revenues up, because in the same nine-month period, Bally’s has generated a €548 million revenue.
Reeves announced:
“Our guidance for full-year 2025 pro forma for the two entities’ annualized is expected in the area of €1.1 billion in revenue and €435 million in adjusted EBITDA, with a combined margin of 40.65%.”
During the period, B2B and B2C segments comprised 95.1% of revenue. There was a 2.3% increase in revenue in the US, a 3.9% increase in Australia, and a 19.8% increase in Argentina. For B2C, revenue increased by 12.4% in Argentina.
Gross profit fell to €83.7 million, a 15.9% decrease. Intralot has also spent €2.7 million for reorganization and €51.3 million worth of depreciation and amortization, leading to a 6.5% decline in operating profit.
Following the new tax reforms in the UK, Intralot has stated it will use aggressive mitigation to manage the impact and has revised its 2026 EBITDA guidance to be in a €420 million to €440 million range. Meanwhile, other major operators like Entain and evoke have also been hit by the UK tax reforms, with stock prices falling by 6.35% and 24.2%, respectively.
Intralot has completed the acquisition of Bally’s digital gaming division for €2.7 billion, making Bally’s the majority owner of Intralot.
The agreement included €1.53...
