UK-listed Evoke, the parent company of iconic bookmaker William Hill and online casino brand 888, is in the midst of a potential game-changing takeover. The struggling gambling firm, weighed down by significant debt, has revealed that it is in advanced talks with US casino operator Bally's Intralot over a possible acquisition. According to reports, Bally's is considering a bid of 50p per share, a substantial 30% premium to Evoke's closing price on Friday, valuing the company at £225 million. If successful, the deal would mark a significant shift in the UK's gambling landscape, with Bally's looking to expand its global presence through the acquisition of a well-established brand.
Heavily indebted UK-listed gambling company says it is discussing possible offer from US group at 50p a shareBusiness live – latest updatesEvoke, the London-listed gambling company that owns William Hill and the 888 online casino brand, is in takeover talks with the US casino operator Bally’s Intralot.The heavily indebted company said in a statement to the stock market that it is in discussions with Bally’s “regarding a possible offer” for the business at 50p a share, almost a third higher than its closing price on Friday and valuing the group at £225m. Continue reading...
