By SectorWire desk ·
The UK tax increase reduced Bally’s Intralot’s Q2 EBITDA by €34m on 17 August. CEO Robeson Reeves said UK market consolidation had progressed more slowly than expected.
For investors, the UK tax increase reduced Bally’s Intralot’s Q2 EBITDA by €34m amid slower-than-expected UK market consolidation.
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Bally’s Intralot’s adjusted net debt exceeded €1.6bn and rose around €135m annually while it pursued the evoke acquisition.
The agreement expands Gaming Corps’ distribution to operators across 40 regulated markets through Playtech Open Platform.
GiG’s proposed 80% acquisition requires further approvals and definitive agreements, with founders retaining shares and management involvement.
The update shows lower earnings despite stable revenue before the planned takeover.
Higher UK gambling duties weighed on evoke’s first-half performance.
The company continues to pursue the proposed takeover while reporting flat revenue.