Moody’s Investors Service has labelled the proposed purchase of Evoke Plc by Bally’s Intralot a positive development for the struggling operator, saying the deal would ease refinancing pressure and improve liquidity conditions post-acquisition.
Gaming companies Bally’s Intralot and evoke announced that they have reached an agreement on the terms and conditions of a recommended acquisition of the latter company by Intralot.
Bally’s Intralot has agreed to acquire Evoke, the Gibraltar-headquartered owner of William Hill and 888, in an all-share deal valuing the gambling operator at about £243 million ($326 million).
Bally’s Intralot has agreed to acquire Evoke, the parent company of betting brands William Hill and 888.
Bally’s Intralot S.A. has signed a new agreement with Hellenic Lotteries S.A., part of Allwyn Hellas, to provide lottery technology solutions following the award of a new concession for Greece’s state lotteries.
