Evoke said Bally’s Intralot had completed its acquisition for £243.1 million, equivalent to about €280 million, according to the report. The stated terms entitle evoke shareholders to 0.537 new Intralot shares for each share held, or a cash option valued at 52 pence per share, capped at £117.1 million.
The reported completion would transfer ownership of evoke and its betting brands to Bally’s Intralot.
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Evoke reported Q3 revenue of £406 million, down 7% year on year, according to the report. The company attributed part of the decline to sports betting results that favoured customers, which it said accounted for 1–2% of the decrease. CEO Per Widerström cited UK tax increases as the main reason for William Hill’s closure of 270 betting shops; Evoke reported debt of £1.8 billion.
Bally’s Intralot shareholders approved the proposed €283.2m acquisition of Evoke, with 99.585% of votes cast supporting the deal, according to the report. Evoke shareholders had already approved it. Regulatory authorisations and a court hearing remain outstanding, with completion expected in late 2026 or 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.
Evoke appointed former William Hill finance executive Janice Duncan as group finance director, the company said, as discussions continue over a possible acquisition by Bally’s Intralot. Evoke faces an 8 June deadline to determine whether the talks will lead to a formal offer; the possible bid was reported to value its shares at 50 pence each.