Robeson Reeves, CEO of Bally’s Intralot, discussed the prospects for the new consolidated group during today’s conference call with analysts following the announcement of the public tender offer for evoke.
“With the acquisition of evoke, we are immediately transforming into a dominant and profitable international online gaming provider in Europe—and in a single move. Essentially, in a single step, we are securing leading positions in six markets, while rising to second place in the UK market. “This is a move that allows us to dramatically strengthen our scale, presence, and competitiveness on a pan-European level,” Mr. Reeves stated.
He added that the deal will give the company “significant international scale in markets such as Italy, Spain, Romania, and Denmark, along with the UK.”
“The merger of the two companies creates a group with revenues of approximately €3.2 billion and adjusted EBITDA of €856 million, corresponding to a margin of 27%, making it one of the global leaders in the online betting and gaming market,” emphasized the CEO of Bally’s Intralot.
“At the same time, we have identified cost and capital expenditure (capex) synergies of at least €210 million (GBP 180 million), which are largely immediately implementable and stem from areas such as marketing, operations, and IT infrastructure,” he added.