Evoke reportedly reviews sale of Italian online business
Evoke has reportedly asked Morgan Stanley to assess options for selling its online business in Italy, with a possible sale dependent on the effect of UK tax changes on its financial outlook. The company’s review was described as a contingency measure; the reported UK budget announcement sets a 40% tax on online gambling operators from April next year.
Investors can weigh whether UK tax changes alter Evoke’s financial outlook enough to trigger a sale of its Italian online business.