Evoke confirmed it was in discussions with Bally’s Intralot over a possible acquisition, reportedly valued at £225m. The proposed all-share deal is priced at 50p per share, and discussions remain ongoing.
The talks could change ownership of Evoke’s gambling businesses if the parties reach an agreement.
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Moody’s said Bally’s Intralot’s proposed acquisition of Evoke could ease refinancing pressure and improve liquidity after completion. The deal is valued at about £243 million ($325 million), with approximately $1.19 billion in new committed financing; completion is expected between late 2026 and early 2027.
Bally’s Intralot agreed to acquire Evoke, with completion expected in Q4 2026 or Q1 2027, subject to regulatory approval, according to the report. Intralot said its offer represents a 138% premium to Evoke’s closing share price on 9 December 2025; shareholders may choose cash instead of shares.
TPG Credit is reportedly discussing financing of up to £800m to support Bally’s Intralot’s proposed acquisition of Evoke, with the amount not yet finalised. The financing could partly refinance Evoke’s debt, while the companies’ talks remain ongoing ahead of a 8 June offer deadline.
Bally’s Intralot is in discussions over a possible acquisition of evoke, according to the report. The report links the talks to UK gaming tax increases and considers whether they could contribute to market consolidation, but provides no deal terms or outcome.
Bally’s Intralot and Evoke extended the deadline for discussions on a possible acquisition until 8 June 2026, according to reports. The proposed transaction values Evoke at about €263m, but no final offer has been made and the parties may still change its terms.