Intralot Denies Max Gaming Acquisition Rumours
Deal News | May 23, 2025 | EIN
Intralot, a Greek gaming technology company, has refuted claims that it intends to buy Max Gaming from Australia's Tabcorp. Reports had surfaced that Intralot showed preliminary interest, but the company issued a statement confirming it is not involved in any acquisition talks related to Australia. This marks the second denial of similar acquisition rumors in recent weeks. The potential divestment of Max Gaming comes amid a strategic review by Tabcorp, which reported a significant financial loss for the 2024 fiscal year. Tabcorp’s CEO clarified that despite the review, the company is not under financial pressure to sell assets to alleviate its debt. Intralot's past in Australia includes relinquishing a lotteries license in 2014, and further moves would indicate a strategic shift due to the competitive and regulated nature of the Australian market.
Sectors
- Gaming Technology
- Gambling and Betting
- Corporate Finance and M&A
Geography
- Australia – The article revolves around Tabcorp, Australia's leading gambling company, and the potential divestment of its asset, Max Gaming.
- Greece – Intralot, headquartered in Greece, is a central figure in the denial of acquisition rumors.
Industry
- Gaming Technology – Intralot is a gaming technology firm, and the article discusses its alleged interest in acquiring another gaming-related business.
- Gambling and Betting – The focus of the article is on the gambling industry, highlighting Tabcorp, Australia's largest gambling and entertainment company, and its potential divestment of Max Gaming.
- Corporate Finance and M&A – Discussion on potential acquisition rumors, strategic reviews, and advisory roles like Macquarie Capital's suggests involvement in corporate finance and M&A activity.
Financials
- AU$610 million ($378 million) – Estimated valuation of Max Gaming, Tabcorp’s asset under strategic review.
- AU$1.37 billion ($849 million) – Financial loss reported by Tabcorp for the 2024 fiscal year.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Intralot | Acquiring Company (alleged) | Company | Greek gaming technology company allegedly interested in acquiring Max Gaming. |
| Tabcorp | Selling Company | Company | Australia’s largest gambling and entertainment company, conducting a strategic review and alleged to be considering divesting Max Gaming. |
| Max Gaming | Target Company | Company | Tabcorp's gaming monitoring division, rumored to be a divestiture candidate. |
| Macquarie Capital | Financial Advisor | Company | Reported to be advising Tabcorp on the potential sale of Max Gaming. |
| Gillon McLachlan | CEO of Tabcorp | Person | CEO of Tabcorp, providing insight into the strategic review and current financial position. |