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Bally’s Intralot to Acquire Evoke for £243 m, Refinanced £889 m

6/5/2026

30 7 Full Breakdown

Summary

Story summary

Bally's Intralot agreed to acquire UK bookmaker Evoke in an all-share deal valuing it at £243 million, backed by a £889 million refinancing package from lenders led by TPG Credit.
Evoke’s board voted unanimously to accept the offer, sending the share price up 14 percent to 45.8 pence.
Evoke carries £1.86 billion debt from its 2022 William Hill purchase, launched a December review over UK gambling tax hikes, and plans to close about 200 shops.

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Story summary

Bally's Intralot agreed to acquire UK bookmaker Evoke in an all-share deal valuing it at £243 million, backed by a £889 million refinancing package from lenders led by TPG Credit.
Evoke’s board voted unanimously to accept the offer, sending the share price up 14 percent to 45.8 pence.
Evoke carries £1.86 billion debt from its 2022 William Hill purchase, launched a December review over UK gambling tax hikes, and plans to close about 200 shops.