Intralot Quashes Max Gaming Acquisition Rumors
Deal News | May 22, 2025 | EIN
Intralot, a prominent Greek lottery and gaming company, recently refuted reports suggesting its interest in acquiring Max Gaming, a business unit of Australian betting firm Tabcorp. This dismissal follows speculations from a prominent Australian news outlet reporting Intralot's proposal to purchase Max Gaming for AUD 610 million ($391.1 million). Despite claims by The Australian, which also implied Macquarie Capital's advisory role for Tabcorp, both Intralot and Tabcorp have denied any ongoing negotiations or necessity for such a deal. Notably, Intralot has a history of rebuffing similar M&A rumors, with the latest denial issued through an official statement to the Hellenic Capital Market Commission on May 21, 2025. This statement affirms that no binding acquisition agreement exists and highlights Intralot's current lack of negotiations pertaining to asset acquisition in Australia.
Sectors
- Gaming & Lottery
- Betting Services
- Financial Advisory
Geography
- Greece – Intralot is a Greek company, making Greece a relevant geography.
- Australia – The rumored acquisition involves Max Gaming from the Australian company Tabcorp.
Industry
- Gaming & Lottery – The article discusses Intralot, a prominent player in the lottery and gaming industry, and its alleged M&A activities involving Max Gaming.
- Betting Services – Tabcorp, involved in betting services, is at the center of the rumored deal with Intralot.
- Financial Advisory – The role of Macquarie Capital as a potential advisor suggests relevance to financial advisory services.
Financials
- AUD 610 million ($391.1 million) – The rumored price for Intralot's acquisition of Max Gaming from Tabcorp.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Intralot | Acquirer (Rumored) | Company | Intralot is a Greek lottery and licensed gaming company allegedly interested in acquiring Max Gaming. |
| Tabcorp | Target Company | Company | Tabcorp is an Australian betting giant, allegedly involved in an M&A deal with Intralot concerning Max Gaming. |
| Macquarie Capital | Financial Advisor (Rumored) | Company | Macquarie Capital was rumored to advise Tabcorp on the M&A deal involving Intralot. |
| The Australian | Source | Company | The Australian is a news outlet that reported the alleged interest of Intralot in acquiring Max Gaming. |