Intralot appointed Robeson Reeves as its new CEO during a meeting of its board of directors last week.
Reeves will succeed Nikolaos Nikolakopoulos, who will now hold the position of president. Chrysostomos Sfatos will serve as COO.
Reeves has also been elected to Intralot’s board of directors following the resignation of Konstantinos Farris, the company’s group chief technology officer.
Reeves had been serving as CEO of Bally’s International Interactive when Intralot agreed to a deal in July to acquire the division. The €2.7 billion ($3.1 billion) transaction was completed in October.
At the time the deal was announced, it was confirmed Reeves would replace Nikolakopoulos as Intralot CEO. Nikolakopoulos will lead the lottery division.
Intralot’s board of directors is now as follows;
| Name | Role | Status on the board |
| Sokratis Kokkalis | Founder and majority shareholder | Chairman of the board of directors, non-executive member |
| Soohyung Kim | Managing partner and chief investment officer of Standard General | Vice chairman of the board of directors, non-executive member |
| Robeson Reeves | CEO | CEO, executive member |
| Nikolaos Nikolakopoulos | President | Executive member |
| Chrysostomos Sfatos | Deputy CEO | Executive member |
| Dimitrios Theodoridis | Vice chairman and executive member of Intracom Holdings board of directors | Non-executive member |
| Vladimira-Donkova Mircheva | Partner and research analyst at Standard General, CFO of Bally’s | Non-executive member |
| Ioannis Tsoumas | Retired in October 2016 | Independent non-executive member |
| Adamantini Lazari | Senior adviser to London-based Domius Capital Advisers | Independent non-executive member |
| Dionysia Xirokosta | Consultant of corporate affairs at Hellenic Hypermarkets Sklavenitis | Independent non-executive member |
| Georgios Karamichalis | Retired certified public accountant | Independent non-executive member |
Intralot acquisition of Bally’s international assets
The Intralot and Bally’s deal sees the Greek lottery and gambling operator acquire the US operator’s technology business, with Bally’s becoming Intralot’s majority shareholder.
With the deal, Intralot is positioned to become a leading digital gaming operator and technology provider for lottery solutions, with a strong presence across key markets in Europe and North America.
The company stated that its enhanced technological capabilities will enable it to seize new growth opportunities in gaming and lottery sectors worldwide.
Bally’s reports revenue gains for Q3
Bally’s announced its Q3 earnings on Monday, with revenue increasing by 5.4% year-on-year to $663.7 million.
Its UK online revenue increased by 8%, although its international interactive revenue dipped by 6.9%. Bally’s attributed that decline to the sale of its interactive business in Asia late last year.
Reeves believes the agreement with Intralot will prove fruitful for Bally’s, saying the company has created a “scaled, global omnichannel provider of retail and online experiences”.
“We continue to demonstrate strategic and prudent use of our capital resources to drive growth and returns for our stakeholders,” Reeves said.
“Combined with our operational expertise and long-term vision, we are eagerly and aggressively pursuing the many growth opportunities before us.”
As was planned when the deal between Intralot and Bally’s was agreed in July, Robeson Reeves has replaced Nikolaos Nikolakopoulos as Intralot CEO.