Robeson Reeves, CEO of Bally's Intralot , described the potential acquisition of evoke as a "once-in-a-lifetime opportunity" during the company's annual general meeting held today.
Mr. Reeves noted that the deadline for submitting a binding offer is June 8, adding that“as a consolidated group, we could achieve revenues exceeding €3 billion. “If we realize the synergies—something I feel particularly confident about—our EBITDA would exceed €1 billion.”
“I believe that the business model we are implementing through Bally’s international online operations, where we are achieving an EBITDA margin of over 40%, can be applied similarly to Evoke,”he added.
However, the CEO of Bally’s Intralot clarified that the company’s capital structure will be protected in any case.
“Let’s see what we can do. Let’s see if there is logic behind this and if we can reach a sensible agreement. We are proceeding with great caution and will approach the issue logically. We are not going to put the company at risk. Every decision we make is taken with the aim of protecting the interests of shareholders and all of the company’s stakeholders,” he explained.
Nevertheless, he emphasized the opportunities the deal could bring, saying, “We see this agreement as a once-in-a-lifetime opportunity that can transform us into a truly global player and one of the largest companies in Greece.”
