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Bally's Intralot expansion and Evoke takeover progress

Updated 4 times since CLSTR started tracking revisions of this situation.

What changed

2026-08-31 09:06 UTC → 2026-08-31 19:58 UTC · added removed

In mid‑July 2026, Bally’s Intralot announced a seven‑year extension of its partnership with Premier Lotteries Ireland to modernise the Irish National Lottery’s platform. Shortly after, the company secured a €306 million loan to fund the proposed acquisition of UK‑listed gambling operator Evoke plc, refinance debt, and support other investments. By August 17, 2026, the acquisition of Evoke plc advanced following an overwhelming shareholder vote, with approval rates of 99.63% at the General Meeting and 99.91% at the Court Meeting. The deal, structured as a court-approved scheme of arrangement under Gibraltar law, awaits final regulatory and antitrust clearances. Financially, Bally’s Intralot reported H1 2026 revenues of €544.2 million and an Adjusted EBITDA of €184.8 million, bolstered representing a 34.0% margin. Performance was influenced by market seasonality in Turkey and jackpot timing in the United States. Key drivers included the consolidation of Bally’s International Interactive. However, Interactive (BII), which contributed €377.6 million in revenue and €132.8 million in adjusted EBITDA. While iGaming and sports betting accounted for 74.9% of total revenue, B2B revenues fell by 9.7% due to lower U.S. lottery and equipment sales. In the United Kingdom, revenue growth reached record levels, increasing 11.6% on a UK online gaming constant currency basis. This growth helped offset approximately 65% of a tax increase for online gaming, which rose from 21% to 40% reduced and impacted Q2 AEBITDA by approximately roughly €34 million. Concurrently, parent company Bally’s Corporation issued a warning expressing “substantial doubt” regarding its ability to continue as a going concern, noting potential struggles to meet liquidity or leverage requirements within 12 months without new financing. Deutsche Bank AG has continued to increase its position in Bally’s Intralot. Following an initial stake increase, the bank acquired Intralot, acquiring an additional 1,067,000 shares between August 24 and August 28, 2026, at an average price of approximately €1.12 per share. This brings Deutsche Bank’s bringing its total holding to 11,506,394 shares, or 0.616% of the company. These transactions are part of a Total Return Swap agreement announced in June 2026, which includes a provision for the bank to transfer the shares back to the company via a sale on the settlement date. Additionally, the company announced an upcoming interest payment of approximately €3.92 million for its fifth coupon period, covering February 27 to August 27, 2026, for bonds traded on Euronext Athens. (0.616%).

Versions

  1. 2026-08-31 19:58 UTC Bally's Intralot expansion and Evoke takeover progress
  2. 2026-08-31 09:06 UTC Bally's Intralot expansion and Evoke takeover progress
  3. 2026-08-21 14:17 UTC Bally's Intralot expansion and Evoke takeover progress
  4. 2026-08-18 05:26 UTC Bally's Intralot expansion and Evoke takeover progress
  5. 2026-07-27 19:06 UTC Bally's Intralot expansion activities

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