Evoke has published the scheme document for its proposed all-share acquisition by Bally's Intralot, marking the next key step in the takeover process announced in June.
The document, released on 21 July, sets out the full terms and conditions of the recommended transaction, which will be implemented through a scheme of arrangement under Gibraltar's Companies Act 2014, subject to shareholder and court approval.
Shareholders will vote on the proposal at a Court Meeting and General Meeting scheduled for 17 August in London. The Evoke board has unanimously recommended that shareholders vote in favour of the transaction.
Financial advisers Morgan Stanley and Rothschild & Co concluded that the financial terms of the acquisition are fair and reasonable, taking into account the board's commercial assessments.
The scheme document also outlines the option for eligible shareholders to elect a cash alternative instead of receiving new Bally's Intralot shares.
The board said investors should consider their own circumstances when deciding whether to take the immediate liquidity offered by the cash alternative or retain exposure to the combined group's future performance through new shares.
Bally's Intralot and Evoke first announced the recommended all-share acquisition on 5 June, with the deal forming part of Bally's strategy to expand its international gaming and betting operations.
The acquisition would add William Hill, 888 and other Evoke brands to Bally's Intralot's lottery, betting and gaming platform. The enlarged group is expected to rank second in UK iGaming and fourth in UK online sports betting by gross gaming revenue.
In May 2026, Bally's Intralot also extended its Greece lottery partnership with Hellenic Lotteries after the operator secured a new 12-year concession for state lotteries
