The acquisition of Evoke was approved by the shareholders of Bally’s Intralot, during the Extraordinary General Meeting held today.
The approval opens the way for the completion of the transaction, which is expected to create one of the largest international groups in the gaming and lottery sector.
It is recalled that the agreement has already been approved by the shareholders of Evoke as well. Specifically, at the meetings held on August 17, 99.91% of the shares represented voted in favor of the agreement, while at the General Meeting the relevant resolution was approved with a rate of 99.63%.
Following today’s approval by the shareholders of Bally’s Intralot, what remains is the fulfillment of the remaining conditions for the completion of the transaction, among which are the required approvals from the competent regulatory authorities.
As stated by Bally’s Intralot President Lotteries and Group Chief Operating Officer, Chrysostomos Sfatos, the relevant process is progressing faster than expected. However, management continues to place the completion of the acquisition either in the fourth quarter of 2026 or in the first quarter of 2027.
The new group
As Bally’s Intralot CEO, Robeson Reeves, had emphasized during the conference call with analysts that followed the announcement of the agreement, the combination of the two companies creates a group with revenues of approximately 3.2 billion euros and adjusted EBITDA of 856 million euros, corresponding to a margin of 27%, making it one of the global leaders in the online betting and gaming market.
At the same time, he had pointed out that cost and capital expenditure (capex) synergies of at least 210 million euros or 180 million pounds have been identified. These synergies are to a large extent immediately achievable and come from areas such as marketing, operations, and IT infrastructure.