The board of Bally’s Intralot has confirmed that Nikos Nikolakopoulos has decided to end his tenure as President of Lotteries of the Athens-listed gambling group.
Nikolakopoulos has served as an executive of Intralot S.A. since 2007, during which he led commercial operations for Greece and spearheaded initiatives across the US and South American markets.
Ending his 20-year tenure, Nikolakopoulos will step down from his executive duties on 16 March 2026. He will maintain his position as a Non-Executive member of the board of Bally’s Intralot, formed following Intralot’s completion of its €2.7bn acquisition of Bally’s Interactive in 2025.
Following his departure from the executive role, Chrysostomos Sfatos, currently Chief Operating Officer and Executive Board Member, will assume the additional responsibility of President of Lotteries, overseeing Bally’s Intralot’s international lottery portfolio.
Sfatos forms part of Bally’s Intralot’s new executive leadership team led by Robeson Reeves, Chief Executive Officer, who commented:
“I would like to thank Nikos for his dedication and invaluable contribution to the company’s growth and the wider lottery community ecosystem over the past 20 years, and I count on his continuing support. The new leadership team is committed to building on his legacy and advancing our strategic priorities to ensure a strong outlook.”
In November, Intralot received regulatory authorisation to complete its €2.7bn acquisition of Bally’s Interactive, forming its new combined corporate structure.
Prior to authorisation, Intralot stated that the enlarged group would deliver pro-forma FY2025 results of approximately €1.1bn in revenue and €435m in adjusted EBITDA.
Attention now turns to the rapid integration of Bally’s Interactive assets and systems, with leadership prioritising operational controls to mitigate the impact of UK tax headwinds on Remote Gambling Duties from April 2026.
The revised tax framework has seen Bally’s Intralot adjust its 2025 EBITDA guidance to €420m–€440m.