Bally's Intralot

Overview

Bally's Intralot S.A. – Integrated Lottery Systems & Services Bally's Intralot A.E. – Ολοκληρωμένα Πληροφοριακά Συστήματα & Υπηρεσίες Τυχερών Παιχνιδιών

type	Anonymi Etairia
traded as	athex: INLOT
foundation	1992
location city	Athens
location country	Greece
key people	Nikolaos Nikolakopoulos (Group CEO) ‡R1R‡ Richard Bateson, US CEO ‡R1R‡
industry	Lottery and Sports Betting industry
revenue	€364 million (2023) ‡R2R‡
operating income	€348.6 million (2023) ‡R2R‡
net income	€33.6 million (2023) ‡R2R‡
assets	€588.7 million (2023) ‡R2R‡
equity	€333.2 million (2023) ‡R2R‡
num employees	1700 (2023) ‡R2R‡
owner	Bally's Corporation (~58%) CQ Lottery LLC (~11%) Sokratis Kokkalis (~11%) Public Float / Others (~20%)
subsid	Maltco Intralot Inc. (USA)‡R1R‡ CyberArts Bit8 Betting Company
homepage	Intralot.com

Bally's Intralot (Athens Stock Exchange: INLOT)[3] is a Greek gambling company that supplies integrated gambling, transaction processing systems, game content, sports betting management and interactive gambling services, to state-licensed gambling organizations worldwide. The company acts both as a lottery vendor and a lottery operator. It has a presence in 39 countries and a workforce of approximately 1,700 people as of 2022.[4][5] It is a publicly listed company in the Athens Stock Exchange.[6] The company has drawn controversy and law suits during the past two decades; in 2025, Intralot was fined $6.5 million for fraudulently obtaining and operating a five-year D.C. Lottery contract.

History

Controversies

Romanian lottery

In May 2008, Intralot was implicated in the criminal investigation of Romanian Politician Christian Boureanu for "abuse of office against the public interest" by the National Anticorruption Directorate for Boureanu's role in signing a contract in 2000 between Loteria Română and Intracom SA Hellenic Telecommunication Electronics Industry (Intralot Integrated Lottery Systems and Services) that caused Loteria Română to incur losses of over €120 million.[12]

In January 2014, the Romanian competition council (Consiliul Concurenței) found that state-owned Loteria Română had contracted with Intralot, Intracom, and Lotrom, greatly limiting competition on Romania's video lottery equipment market during the preceding decade. Loteria Română and the companies were fined a total of €3.7 million for contravening competition rules.[13]

In early 2015, it was further revealed that Loteria Română had entered into a secret contract with Lotrom in 2003 to purchase over six thousand slot machines. Intracom and Intralot financed the arrangement, acquiring the lottery's slot machines revenues in exchange. All three companies were found to be under the control of Greek businessman Sokratis Kokkalis, according to RISE Project. Since Loteria Română authorized the machines for video-lottery services, a different taxation was applied, resulting in the €100 million damage to the state. Prosecutors launched a fraud investigation and blocked the lottery's accounts.[14][15]

Washington, D.C. lottery

In February 2019, the D.C. Council had authorized a sole-source contract for sports betting throughout Washington, D.C. with Intralot, operator of the D.C. Lottery, to include online sports betting.[16] D.C. Council member Jack Evans was widely criticized for advocating for the legislation, which passed in mid-July,[17] that would awarded the $215 million five-year monopoly on mobile-based sports wagers to the lottery operator, without disclosing his business[17][18] or long-term personal relationship with Intralot lobbyist William "Bill" Jarvis.[19]

Temporarily blocked in September 2019, when an injunction was issued against the sole-source Intralot contract; the injunction was denied by the judge the following month, and the contract was allowed to move forward. A related lawsuit under the Home Rule Act filed against the District over the awarding of the contract without competition remained pending.

Montana state lottery

Allegations of a "sweetheart deal" between Montana State Lottery and its long-time vendor Intralot emerged in 2024.[27] During March and September 2024, the Montana State Lottery Commission instructed Lottery Director Bob Brown and staff to send out requests for new proposals (RFPs) for the $50 million contract.[28] In 2025, the Commission came under fire for sidestepping a competitive and transparent bidding process; on February 5, Brown appeared before the Joint Appropriations Subcommittee on General Government at the Montana Legislature and was grilled over persistent delays and the Montana Lottery's avoidance of the bidding process.[29] One month later, amid on-going investigations, Montana Lottery cancelled its negotiations with Intralot to pursue competitive bidding.[30]

Bally's Intralot

History

Controversies

Romanian lottery

Washington, D.C. lottery

Montana state lottery

Operations

Membership and recognition

References