By The Weekly Edge desk ·
evoke EVOK · GBp 42.00 2026-10-16 Data has extended the deadline for a potential acquisition offer from Bally’s Intralot to 8 June, iGaming Business reported. Negotiations between the companies remain ongoing.
The extension gives the companies more time for talks on a potential acquisition offer.
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For investors, the UK tax increase reduced Bally’s Intralot’s Q2 EBITDA by €34m amid slower-than-expected UK market consolidation.
Bally’s Intralot’s adjusted net debt exceeded €1.6bn and rose around €135m annually while it pursued the evoke acquisition.
GiG’s proposed 80% acquisition requires further approvals and definitive agreements, with founders retaining shares and management involvement.
The update shows lower earnings despite stable revenue before the planned takeover.
The company continues to pursue the proposed takeover while reporting flat revenue.
The tax increases affect Evoke’s trading ahead of the planned ownership change.