All posts tagged: Ballys

Bally’s Intralot agrees 7M evoke deal to create major European gaming group

Bally’s Intralot agrees $327M evoke deal to create major European gaming group

Published by skeptic

Bally’s Intralot has reached an agreement to acquire betting and gaming operator evoke in a recommended all-share deal worth roughly £243.1 million ($327 million), bringing together brands such as William Hill and 888 with its expanding lottery and online gaming business. The deal follows a lengthy process that began with a strategic review launched by evoke in December 2025. This was prompted by UK gambling tax increases that raised concerns about earnings, debt levels and the company’s financial flexibility. Earlier this year, evoke confirmed takeover discussions after market speculation and disclosed an initial approach that valued the company at 50 pence per share. #EVOK – Takeover All share takeover agreed with Bally's with each #EVOK share worth 0.537 new #BYLOT share. Cash option also available at 52p against a closing SP of 40p last night. Both highly indebted companies with unexciting recent performances imo. pic.twitter.com/xgZ3sMiRVu — James (@1James1n1) June 5, 2026 Under the agreed terms announced Friday (June 5), evoke investors will receive 0.537 new Intralot shares for each evoke share. Based on Intralot’s market …

Bally’s Intralot agrees 7M evoke deal to create major European gaming group

Evoke extended Bally’s Intralot deadline, keeping potential takeover discussions moving forward

Published by skeptic

Evoke has handed Bally’s Intralot more time to decide whether it will move ahead with a formal takeover offer for the betting and gaming company as negotiations between the two sides continue. NEW: evoke plc extends Bally's Intralot offer deadline to June 8 as takeover talks continue around proposed 50p-per-share bid for group amid review @RWW pic.twitter.com/t3OAO0RlH0 — Suswati Basu (@suswatibasu) May 18, 2026 The companies said discussions are still active around a possible acquisition covering all issued and expected share capital in evoke. The approach, first disclosed on April 20, valued the business at 50 pence a share and would likely be structured as an all-share deal with a partial cash alternative attached. The extension gives Bally’s Intralot until 5 p.m. London time on June 8, 2026, to either announce a firm intention to make an offer or walk away from the process. Evoke said the deadline could still be pushed back again if its board agrees. Evoke sets new deadline for Bally’s Intralot  Bally’s Intralot has already said that any formal proposal would …

Bally’s Chicago casino reaches full height as .7B riverfront project nears completion

Bally’s Chicago casino reaches full height as $1.7B riverfront project nears completion

Published by skeptic

Chicago’s long-running casino project hit a visible turning point Thursday, as Bally’s raised the final steel beam on its permanent riverfront complex, bringing the structure up to full height after years of delays. From delays to progress: a project years in the making The moment unfolded at the former Freedom Center printing site, a 30-acre property in River West now being reshaped into a $1.7 billion entertainment destination along the Chicago River. Bally’s Chairman Soo Kim acknowledged the uneven path to reach this stage, telling those gathered, “We had some fits and starts. We’re going to be done early next year. We’re excited to finish it all up.” A mix of current and former city leaders attended, including Mayor Brandon Johnson and former Mayor Lori Lightfoot, alongside hundreds of construction workers standing among cranes and active machinery. What the $1.7 billion development will include With the topping-off complete, the project’s core structures now stand fully upright. That includes a 34-story hotel tower and the main casino building. Plans call for a 500-room hotel, a 3,000-seat …

Evoke takeover talks by Bally’s Intralot confirm pressure on gambling group finances

Evoke takeover talks by Bally’s Intralot confirm pressure on gambling group finances

Published by skeptic

Evoke has confirmed it is talking with Bally’s Intralot S.A. about a possible takeover, ending days of market chatter around the debt-laden betting group that owns William Hill and 888. The London-listed company said the early-stage approach values the business at 50 pence a share ($0.68). Investors have been watching for signs of corporate interest after a difficult stretch marked by tax pressure, store closures and questions over leverage. In a stock exchange statement, Evoke said it “notes the recent media speculation and confirms that it is in discussions with Bally’s Intralot S.A. … regarding a possible offer for the entire issued and to be issued share capital of the Company at a price of 50 pence per share.” The company added that the proposal “is expected to comprise an all-share combination with a partial cash alternative.” The board said there “can be no certainty that an offer will be made or as to the terms on which any offer might be made,” and said shareholders “are advised not to take any action in relation …

Bally’s Q4 revenue jumps as casino expansion and online gaming push growth

Bally’s Q4 revenue jumps as casino expansion and online gaming push growth

Published by skeptic

Bally’s Corporation closed out 2025 with a sharp jump in revenue, though parts of the company’s growing digital business are still losing money as it pours cash into expansion projects and international online gaming. The Providence, Rhode Island–based gaming and entertainment operator said preliminary revenue for the fourth quarter reached $746.2 million, which is up 28.6% compared with $580.4 million in the same quarter of the previous year. Company executives said the increase came largely from newly acquired casinos, steady growth in North American sports betting and iGaming, and expanding online operations overseas. Still, the strong top-line growth didn’t translate evenly across the business. Bally’s North America Interactive division brought in $62.3 million during the quarter. The segment reported just $0.8 million in adjusted EBITDAR, which is said to be a big improvement from the $10.2 million loss posted a year earlier, but it still highlights how narrow margins remain in the company’s online betting and gaming operations. On a full-year pro forma basis, the division recorded an adjusted EBITDAR loss of $9.2 million. Corporate …

Boyd Gaming to sell Sam’s Town Shreveport to Bally’s in Louisiana

Boyd Gaming to sell Sam’s Town Shreveport to Bally’s in Louisiana

Published by skeptic

Boyd Gaming is preparing to hand over one of downtown Shreveport’s best-known casinos, agreeing to sell Sam’s Town Hotel & Casino to Bally’s Corporation in a deal that reshapes the city’s gaming landscape. The Las Vegas company confirmed Thursday (February 26) that it has signed a definitive agreement to transfer ownership of Sam’s Town Shreveport, which has been under Boyd’s control since 2004. The property sits right next door to Bally’s Shreveport Casino & Hotel, meaning the two neighboring venues will soon share the same parent company once regulators sign off. Transaction: @boydgaming is selling its Sam's Town Shreveport Hotel and Casino to @BallysCorp for an undisclosed price. Bally's operates the Bally's Shreveport Casino & Hotel. A sales price was not disclosed. @TheNVIndy https://t.co/3MUPbLw7df — Howard Stutz (@howardstutz) February 26, 2026 Sam’s Town has more than 29,000 square feet of gaming space, with roughly 750 slot machines and 14 table games. Beyond the casino floor, the complex hosts a 514-room hotel, dining options, a live entertainment venue and meeting and convention facilities, positioning it as …

Three arrested after knife robbery at Bally’s Twin River Casino Hotel

Three arrested after knife robbery at Bally’s Twin River Casino Hotel

Published by skeptic

Two women lured a man to a Bally’s Twin River Casino hotel room, where a third assailant robbed the man at knifepoint. The news comes from the Lincoln County Sheriff’s Department in Massachusetts, which apprehended the three suspects after the victim reported the crime to police at 1:43 a.m. on December 29, 2025. Bally’s Twin River casino knife robbery The man told officers how Naushka Machuca, 19, of Marlborough, and Tashawana Tuckta, 19, of Boston, had coerced the individual to follow them from the casino floor to a hotel room. Mugshot of Naushka Machuca. Credit: Lincoln Police Department When the man entered the room, the third assailant, Dominyck Sims, 28, of Worcester, was wielding a knife and demanded the victim hand over his belongings, including $1,500. Sims also reportedly told the victim not to report the crime to the authorities. Mugshot of Tashawana Tuckta. Credit: Lincoln Police Department Sims, said the Lincoln Police, “threatened him (the victim) with a knife, and took the cash. After the incident, the victim was allowed to leave and was …