iGaming Daily

Evoke PLC’s Fight For Survival| Ep. 767


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In today's episode of iGaming Daily, Host Fernando Noodt is joined by SBC Editor-at-Large Ted Menmuir and SBC News Business Journalist Patrick Killeen as the trio discuss the precarious financial standing of Evoke PLC following the long-overdue disclosure of its 2025 full-year results and the potential "do or die" acquisition by Bally's.


Tune in to today's episode to find out:

  • The Reality of the Numbers: While leadership points to 2% growth in annual income reaching £1.7 billion, analysts view this as a real-term decline when measured against UK inflation.
  • Debt and Deficits: Evoke is currently anchored by a massive £550 million corporate loss and a £2 billion debt pile that consumes nearly all cash generation through high interest repayments.
  • A Potential Lifeline: Bally’s and Intralot have emerged with a potential 50p per share offer valuing the company at £225 million, though current low share prices suggest a lack of market confidence in the deal.
  • Operational Struggles: Despite cost-cutting measures such as closing approximately 270 retail shops, the business faces increasing pressure from an upcoming 40% RGT tax in the UK.
  • Strategic Outlook: Growth in the international unit, specifically in Romania and Spain, serves as the primary positive narrative as the board explores whether the business can survive as a combined entity or must be broken up.

Host: Fernando Noodt
Guests: Ted Menmuir & Patrick Killeen
Producer: Anaya McDonald
Editor: Anaya McDonald

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