Intralot Dismisses Rumors of Potential Max Gaming Acquisition
Intralot, a trusted provider of lottery and gaming solutions, has publicly denied recent speculation surrounding a potential acquisition deal. The company responded after an Australian news outlet alleged that Intralot was exploring the purchase of Max Gaming, a division of Australian gambling giant Tabcorp.
Rumored AUD 610 Million Deal Reported
According to a report by The Australian, Intralot had shown interest in acquiring Max Gaming for approximately AUD 610 million (roughly USD 391 million). The article suggested that Macquarie Capital was advising Tabcorp on the potential transaction, citing unnamed sources. These claims emerged amid talk that Tabcorp may consider selling off certain assets, including Max Gaming, to streamline its operations.
However, the report lacked concrete evidence, and Intralot has since moved to clarify its stance.
Intralot Issues Official Denial
In a formal announcement released on May 21, 2025, Intralot firmly denied having any agreement or ongoing negotiations concerning an acquisition in Australia. Responding to a query from the Hellenic Capital Market Commission, the company stated:
“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.”
Tabcorp has also not made any public statements that would suggest a sale of Max Gaming is underway. In fact, previous comments from its CEO indicate the company is in no immediate rush to sell off assets and has the means to manage its debt without divestitures.
History of Addressing M&A Speculation
This is not the first time Intralot has addressed acquisition rumors. Just weeks prior, on April 22, 2025, the company issued another statement in response to speculation about a potential cross-border merger. At that time, Intralot reaffirmed that no binding agreements had been made and committed to keeping investors informed of any future developments.
Intralot’s consistent communication demonstrates its effort to provide transparency around its strategic intentions, especially in light of unverified media reports.
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- Source: SCCGManagement.com