Bally’s Intralot delays evoke acquisition completion to 2027
Deals & M&A1 min read
Bally’s Intralot said its acquisition of evoke will not complete by year-end because further regulatory procedures remain, with their conclusion expected in the first quarter of 2027. The company reported third-quarter revenue of €286.1m, compared with €81.9m in the same quarter of 2025.
Bally’s Intralot said its acquisition of evoke will not be completed before the end of the year because further regulatory procedures remain. The company expects those procedures to conclude in Q1 2027. evoke is the parent company of William Hill.
Athens-listed Bally’s Intralot reported third-quarter revenue of €286.1m, up from €81.9m in the same quarter of 2025. Revenue for the first nine months rose to €830.3m from €263.9m. Adjusted EBITDA rose year on year to €88.9m from €29.9m in the third quarter and to €273.6m from €90.1m over the first nine months.
UK online revenue in the interactive division rose 12.2% year on year in the third quarter, with net gaming revenue reaching a record after three consecutive quarters of growth. Revenue in Spain rose 18.9% year on year to a record €13.3m in the third quarter.
The recent increase in remote gaming duty affected adjusted EBITDA by €34m in the quarter. Revenue growth, marketing efficiencies and cost management offset 55% of that amount. The impact is expected to increase as planned rises in general betting duty and machine games duty affect Bally’s Intralot after the evoke acquisition.
In the US, Bally’s Intralot's largest B2B market, revenue fell 11% to €119.6m in the year to date because of lower lottery takings and equipment sales.