Intralot S.A. (ATSE: INLOT) (" Intralot ") and Bally's Corporation (NYSE: BALY) (" Bally's ") today announced that their respective Boards of Directors approved their entry into a definitive transaction agreement (" Transaction Agreement ") pursuant to which Intralot will acquire Bally's International Interactive business (the " International Interactive Business ") in a cash-and-shares transaction that values the International Interactive Business at an enterprise value of €2.7 billion (the " Transaction "). The consideration for the acquisition of the International Interactive Business will comprise a combination of cash paid by Intralot and newly issued shares delivered by Intralot to Bally's, as more specifically detailed below. As part of the Transaction, Intralot expects to refinance part of its existing debt facilities and Bally's also expects to repay secured debt from the cash proceeds.