Overview
- Evoke’s board recommended the all-share takeover on Friday, June 5, 2026, offering 0.537 new Intralot shares per Evoke share or a capped cash alternative valued at 52p a share.
- A lending consortium led by TPG Credit with Oaktree and OHA has committed about £889 million to refinance Evoke’s near-term liabilities and support the transaction.
- Management projects roughly £180 million in annual savings within two years through marketing, technology and operational integration after the deal closes.
- Evoke has already cut costs, including plans to close about 270 William Hill betting shops, as rising UK remote gaming duty and higher sports-betting levies worsened its standalone outlook.
- The merger must clear shareholder votes, regulatory scrutiny and gambling-licensing approvals and, if approved, is expected to complete in late 2026 or early 2027.