Intralot, a reliable lottery partner and licensed gaming provider, has commented on rumors regarding an M&A deal it allegedly considered. Coming shortly after a report by a major Australian news outlet, the Greek company’s statement denied the rumored arrangement.
Report Implied Intralot Could Acquire Max Gaming
A recent report by The Australian made headlines after claiming that Intralot had expressed interest in procuring the Max Gaming monitoring business from the Australian betting giant Tabcorp.
The report suggested that Intralot had proposed to acquire the division for some AUD 610 million ($391.1 million).
The Australian had furthermore insisted that anonymous sources had told it that Macquarie Capital would advise Tabcorp on the matter, helping it secure a lucrative deal. The rumors came as analysts suggested that Max Gaming could potentially be divested from the broader business.
The Australian couldn’t back up these claims further and, at least according to Intralot, they seem to be incorrect.
Intralot Refuted the Claims
Issuing an official statement on the matter, Intralot struck down the rumors about its potential acquisition of Max Gaming from Tabcorp. Not only that but Intralot also emphasized that it is currently not negotiating any M&A arrangements, at least in Australia.
In an announcement published on May 21, 2025, the company clarified:
In reply to the query no. 1147/21.05.2025 of the Hellenic Capital Market Commission and in relation to press reports concerning the acquisition of a company in Australia, INTRALOT clarifies that no binding agreement of this kind exists. Currently INTRALOT is not conducting any negotiations relating to any acquisition in Australia.
Intralot statement
Tabcorp hasn’t done anything to suggest that the M&A rumors might be correct either. If anything, earlier statements by the company’s CEO indicated that the company is in no rush to divest assets and can reduce its debt even without selling Max Gaming.
Not the First Time Intralot Has Denied Similar Rumors
As it turns out, this is not the first time Intralot has denied similar rumors either. On April 22, 2025, the company issued a separate announcement in reply to a letter by the Hellenic Capital Market Commission.
The statement emphasized that earlier rumors about a potential cross-border merger were untrue and that the company “had not yet entered into any binding agreement.”
Intralot promised to “promptly inform” investors if such an agreement emerges.