William Hill Owner Evoke in £225m Takeover Talks with Bally’s Intralot

10 articles · Updated · Bloomberg · Apr 20

William Hill and 888 owner Evoke has confirmed takeover talks with Bally’s Intralot in a potential £225 million deal.
Bally’s Intralot has proposed a 50p-per-share offer, with a deadline to confirm the bid or withdraw by 18 May.
Evoke faces rising debts and tax hikes, having seen its market value collapse after acquiring William Hill’s non-US operations in 2021.

Could Evoke's profitable international assets be the real prize in this takeover deal?

Will the UK's gambling tax hikes trigger a fire sale of its most iconic betting brands?

What can Evoke's shareholders realistically expect from a deal where equity is just 5% of value?

How can Bally's justify acquiring a firm with £1.8bn debt given its own 'junk' credit rating?

As regulators tighten their grip, are they creating a safer market or a bigger black market?