UK betting group members urge chancellor to reconsider proposed MGD rise
The request concerns tax rates affecting betting shops and other businesses with category B machines.
Business and regulatory developments involving evoke. Open in the feed
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Bally’s Intralot, 888AFRICA, William Hill, Mr Green, Entain, Flutter
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The request concerns tax rates affecting betting shops and other businesses with category B machines.
Operators without final authorisation face a shutdown requirement, while the reported live-site count shows the scale of Alberta’s regulated market.
Flutter expects its scale to support market share gains, while the tax increase adds £500m in expected costs from next year.
888 UK Limited faces independent audits alongside a £9.4m penalty and warning for social responsibility and money laundering failures.
After reporting normalised, BetRivers Poker’s Delaware revenue reached $70,600 in August, up 12% annually.
GiG’s CFO expects the 888Africa acquisition to support its B2B pipeline, while analysts flag potential B2B headwinds.
Bally’s Intralot’s adjusted net debt exceeded €1.6bn and rose around €135m annually while it pursued the evoke acquisition.
GiG’s proposed 80% acquisition requires further approvals and definitive agreements, with founders retaining shares and management involvement.
GiG’s proposed majority acquisition of 888Africa still requires final approvals and a signed share purchase agreement.
Axom’s technology expands 888AFRICA’s marketing capabilities through customer relationship management decision-making integrated into its systems.
A completed deal would return GiG to consumer-facing sports betting.
Revenue remained broadly stable while Italian sales grew and gambling taxes increased.
Higher gaming duties reduced Evoke’s adjusted earnings despite partial offsets.
The update shows lower earnings despite stable revenue before the planned takeover.
The company continues to pursue the proposed takeover while reporting flat revenue.
Higher UK gambling duties weighed on evoke’s first-half performance.
The tax increases affect Evoke’s trading ahead of the planned ownership change.
The facility adds financing as the evoke acquisition proposal approaches a vote.
The facility provides financing to support Bally’s Intralot’s acquisition plans.
The deal opens evoke’s brands to Gaming Corps content.
The planned UK launch will bring Gaming Corps content to evoke brands.
The appointment adds a finance director with experience at Casumo and William Hill to evoke.
The extension gives the companies more time for talks on a potential acquisition offer.
Evoke · LSE: EVOK. Share price end-of-day, delayed; not investment advice.
| Financial year | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Revenue | GBP 1.24bn | GBP 1.71bn | GBP 1.75bn | GBP 1.78bn |
| EBITDA | GBP 82.5m | GBP 263.7m | GBP 215.2m | −GBP 207.4m |
| Operating income | GBP 92.0m | GBP 75.4m | GBP 81.0m | GBP 126.5m |
| Net income | −GBP 120.5m | −GBP 65.2m | −GBP 221.9m | −GBP 547.5m |
| Diluted EPS | -0.28 | -0.13 | -0.49 | -1.22 |
| Cash & equivalents | GBP 317.6m | GBP 256.2m | GBP 265.4m | GBP 231.3m |
Figures as reported in each company’s currency; Q4 values for US filers may be derived as full year minus nine months. EBITDA is a company-defined or data-provider measure where shown.
End-of-day, delayed; not investment advice. Data and methodology · All gaming stocks
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