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Story summary
- Evoke, owner of William Hill and 888, is in talks with Bally’s Intralot, valuing Evoke at £225 million.
- The offer would be 50p per share, above Evoke’s recent closing price.
- Evoke carries £1.8 billion of debt and plans to close 200 betting shops amid higher gaming duties.
- Bally’s must decide by May 18 whether to proceed with a formal offer.
