Intralot appointed Robeson Reeves as chief executive after completing its €2.7bn acquisition of Bally’s interactive assets, the company said. Bally’s became Intralot’s majority shareholder with a 58% stake; Nikolaos Nikolakopoulos became president, while Chrysostomos Sfatos was appointed chief operating officer.
The appointments and change in ownership affect leadership and control at a listed gaming and lottery group.
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Bally’s reported fourth-quarter 2025 revenue of $746.2m, a 28.6% increase, with the company saying recent openings contributed to the growth. Casino revenue rose 12.9% to $366.2m, while North American digital-gambling revenue increased 55.4% to $62.3m. Bally’s ended 2025 with $108.2m in cash and $4.5bn in long-term debt; it did not disclose whether it made a profit or loss.
Intralot agreed to acquire Bally’s International Interactive Division in a cash-and-shares transaction valued at €2.7 billion ($3.18 billion), according to the report. The transaction is expected to close in Q4 2025, subject to regulatory and shareholder approvals; Bally’s ownership of Intralot would rise to 33.34%.
Reportedly, Emerald Queen Casino in Washington has appointed Richard Harp as chief marketing officer. Harp previously held the vice president of marketing role at Bally’s Chicago and has almost 20 years of gaming industry experience.
Polymarket has recruited its first chief financial officer, citing Bloomberg. SBC Americas also reported the departure of Bally’s chief financial officer.
Bally’s chief financial officer Mira Mircheva will leave on 30 September for personal reasons. The company disclosed a going-concern warning in August and said it was seeking financing alternatives to improve liquidity. Bally’s has halted parts of its $1.7bn Chicago development amid a dispute over video gambling terminals, while construction of the casino continues.