Intralot in takeover talks with Bally’s at 50p a share; heavily indebted Greek gambling giant eyeing a US bid. Big bio: Greece-based lottery tech, runs betting systems worldwide.
The Evoke group, owner of William Hill and 888, has agreed a takeover valued at about £243 million by Bally’s Intralot. The deal follows the UK’s higher remote gaming and online sports betting duties, which have prompted industry consolidation. Evoke has been exploring strategic options amid heavy debt and regulatory fines.