Intralot Leadership Changes as Bally’s Head Reeves Assumes CEO Role
Leadership Shift Following Bally’s Majority Acquisition
Following Bally’s acquisition of a majority stake in Intralot and the purchase of Bally’s online gaming business by Intralot, the company has announced significant changes in its leadership team. Robeson Mandela Reeves, who currently serves as Bally’s CEO, has been appointed as the new CEO of Intralot.
New Appointments Confirmed at Board Meeting
The leadership changes were formalized during Intralot’s board meeting held on November 7. Reeves replaced Konstantinos Farris as a board member and took over the CEO position, succeeding Nikolaos Nikolakopoulos, who will continue to serve as president of the company.
In addition, Soohyung Kim, chairman of Bally’s, was named vice chairman of Intralot’s board. This restructuring reflects Bally’s increased control following the acquisition.
Current Composition of Intralot’s Board
The updated board of directors at Intralot includes the following members:
- Sokratis Kokkalis – Board Chair and Non-Executive Member
- Soohyung Kim – Vice Chair and Non-Executive Member
- Robeson Mandela Reeves – CEO and Executive Member
- Nikolaos Nikolakopoulos – Executive Member
- Chrysostomos Sfatos – Executive Member and Chief Operating Officer
- Dimitrios Theodoridis – Non-Executive Member
- Vladimira-Donkova Mircheva – Non-Executive Member
- Ioannis Tsoumas – Independent Non-Executive Member
- Adamantini Lazari – Independent Non-Executive Member
- Dionysia Xirokosta – Independent Non-Executive Member
- Georgios Karamichalis – Independent Non-Executive Member
A Pivotal Deal Creating Growth Opportunities
Earlier this year, Bally’s and Intralot entered into a binding agreement that valued Bally’s International Interactive at approximately EUR 2.7 billion (around $3.12 billion). This strategic deal not only brought Bally’s Interactive under the Intralot umbrella but also established Bally’s as the majority stakeholder with a 58% ownership share.
This collaboration positions both companies for international expansion and considerable growth. Industry analysts anticipate the combined entity will emerge as a dominant force in the global gaming and lottery sectors, targeting annual revenues near EUR 1.1 billion ($1.27 billion) alongside profit margins exceeding 39%.
