AcquisitionsJun 11, 2026, 04:17 PM
Bally's Intralot to Acquire Evoke PLC for £243.1M
AI Summary
Bally's Corp, through its majority-owned subsidiary Bally's Intralot S.A., has agreed to acquire Evoke PLC in a recommended all-share acquisition valued at approximately £243.1 million. Evoke shareholders will have the option to receive new Bally's Intralot shares or cash, with a cash alternative capped at £117.1 million. The transaction is financed through various debt facilities, including a €200 million bridge facility and a £889 million second lien term facility, alongside a £157 million senior facility. The acquisition is anticipated to close between the fourth quarter of 2026 and the first quarter of 2027, subject to shareholder and regulatory approvals.
Key Highlights
- Bally's Intralot to acquire Evoke PLC for approximately £243.1 million via an all-share acquisition.
- Evoke shareholders can receive 0.537 new Bally's Intralot shares or 52 pence in cash per Evoke share.
- Maximum aggregate cash payment for Evoke shareholders is capped at £117.1 million.
- Acquisition financing includes a bridge facility of up to €200 million and a £889 million second lien term facility.
- Bally's Intralot secured a £157 million senior facility from institutional investors.
- The acquisition is expected to conclude between Q4 2026 and Q1 2027.
Price Impact
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