Bally’s granted extra time for Evoke acquisition offer as talks continue

(AsiaGameHub) –   Evoke reports that “constructive discussions” are currently in progress.

UK.- London-listed betting firm Evoke has provided Bally’s Intralot with more time to finalize a potential takeover bid. Although the original deadline for negotiations passed on Monday (May 18), Evoke noted that “constructive discussions” are continuing, resulting in an extension of the deadline to June 8 at 5pm UK time.

On April 20, Evoke first confirmed it was engaged in talks with Bally’s Intralot concerning a potential acquisition that would value Evoke’s struggling shares at £0.50 each. The proposal being reviewed may include an all-share deal with a partial cash option.

Evoke stated that it might grant further extensions if required, while Bally’s Intralot maintains the ability to modify the conditions of any final offer.

Evoke, previously known as 888 Holdings, has encountered financial difficulties following its purchase of William Hill’s European operations from the US casino operator Caesars. The company initiated a strategic review in December to evaluate potential full or partial sale opportunities, following the announcement that the British Remote Gaming Duty would increase from 21 to 40 percent, effective April 1 of this year.

Negotiations with Bally’s Intralot were disclosed shortly after Evoke announced it would shut down 200 William Hill retail locations throughout the UK. Nevertheless, despite Evoke’s post-tax loss of £541m for 2025 and its significant debt, Bally’s Intralot views the company as a chance to realize synergies. Bally’s already operates in Evoke’s domestic market, having introduced a Bally’s-branded online casino in the UK in 2023. Should the acquisition proceed, it would grant the firm control over three major brands: 888casino, MrGreen, and William Hill.