Bally's Intralot to acquire Evoke PLC in all-share deal valuing Evoke at ~£243M

Bally's Corp

Evoke shareholders to receive 0.537 new Bally's Intralot shares per Evoke share, valuing Evoke at ~£243.1M (£0.52 per share).
Cash alternative capped at £117.1M; funded via €200M bridge facility from Deutsche Bank and Jefferies.
£889M second lien term facility led by TPG, Oaktree, OHA to refinance Evoke's 2028 senior debt; no Bally's guarantee except £200M mandatory repayment by Dec 2027 and up to £50M synergy costs.
Acquisition expected to close between Q4 2026 and Q1 2027, subject to shareholder approvals, gaming and antitrust clearances.
Bally's Corp (59.44% owner of Bally's Intralot) agrees to vote in favor of necessary resolutions including share issuance and article amendments.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bally's Corp entered into Cooperation Agreement with Evoke PLC valued at Acquisition valued at approximately £243.1 million; all share acquisition with cash alternative capp (effective 2026-06-05).

Action: entry
Agreement: merger
Counterparty: Evoke PLC
Value: Acquisition valued at approximately £243.1 million; all share acquisition with cash alternative capp
Effective: 2026-06-05

Exact text from the filing

On June 5, 2026, Bally’s Intralot S.A. (“Bally’s Intralot”), a Greek publicly listed company in which Bally's Corporation (the "Company") (through its subsidiaries) holds an investment representing approximately 59.44% (as of March 31, 2026) of the outstanding shares, and Evoke PLC, a company incorporated under the laws of Gibraltar and listed on the London Stock Exchange (“Evoke”), issued a joint announcement that their respective Boards of Directors have reached agreement on the terms and conditions of a recommended all share acquisition by Bally’s Intralot for the entire ordinary share capital of Evoke (the “Acquisition”) and in connection with the same have also entered into a Cooperation Agreement dated June 5, 2026 (the “Cooperation Agreement”), by and among Bally's Intralot, Bally's Intralot Jersey Securities Limited, and Evoke.

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Source: SEC EDGAR

accession 0001747079-26-000073

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