Bally’s Intralot Vote Completes Shareholder Approvals for £243M evoke Deal
Bally’s Intralot shareholders have approved the resolutions needed for its £243.1 million acquisition of evoke. Shareholder approvals are now in place on both sides of the transaction.
The key resolution at the September 18 General Meeting authorized Bally’s Intralot’s board to increase the company’s share capital. It passed with 1,355,723,610 votes in favor, or 99.585% of valid votes, according to the official voting results. Another 5,656,262 votes, or 0.415%, were cast against.
The meeting was attended by 102 shareholders representing 72.89% of the company’s share capital. Two related resolutions covering changes to Bally’s Intralot’s articles each passed with 99.999% support.
Two Shareholder Votes Were 0.045 Points Apart
evoke shareholders had already approved the takeover in August. Its General Meeting resolution passed with 99.63% support, while 99.91% of the shares voted at the separate Court Meeting backed the scheme, as 15M reported at the time.
That puts the two General Meeting approval rates only 0.045 percentage points apart: 99.585% at Bally’s Intralot and 99.63% at evoke. The Bally’s Intralot numbers also work out at roughly 240 votes in favor of the capital increase for every vote against.
Net Debt Is 7.8 Times the Equity Value
The £243.1 million figure is the equity value attached to the acquisition. evoke reported net debt of £1.899 billion at June 30, up from £1.863 billion at the end of 2025.
That makes net debt roughly 7.8 times the equity value agreed for the takeover. The company’s H1 2026 results also put net leverage at 5.6x and cash excluding customer balances at £105.6 million.
The figures give some context to the purchase price for a group that owns William Hill, 888 and Mr Green.
Court Hearing Remains for Q4 2026 or Q1 2027
The September vote means Condition 3(a)(i) of the scheme has now been satisfied. Bally’s Intralot also said a number of antitrust and regulatory conditions have been satisfied, without identifying all of them.
The remaining conditions must still be satisfied or waived before the Gibraltar court can sanction the scheme.
Bally’s Intralot and evoke continue to expect that hearing in the fourth quarter of 2026 or the first quarter of 2027. If the court gives its approval, the transaction is expected to become effective in the same period.