Papapolitis & Papapolitis is pleased to be acting as legal adviser to Bally’s Intralot in connection with the acquisition of evoke plc, the owner of William Hill and 888, a company listed on the London Stock Exchange.
Papapolitis & Papapolitis is advising Bally’s Intralot on the Greek law aspects of the co-operation agreement with evoke and of the firm offer to evoke and its shareholders, as announced on 5 June 2026, and worked alongside the parties and their advisers on the transaction structure and the financing package, which included:
🟦 A EUR 200 million bridge bank financing facility.
🟦 GBP 157 million commitments for a senior financing facility from institutional investors.
🟦 GBP 889 million commitment for a second lien term facility led and underwritten by a steering committee comprised of TPG BD Finance, Oaktree Capital Management, L.P. and Oak Hill Advisors, L.P. (OHA UK LLP), to refinance certain existing indebtedness of evoke.
👉 The acquisition is intended to be effected by means of a scheme of arrangement between evoke and its shareholders under Gibraltar corporate law for all of evoke’s issued and to-be-issued ordinary share capital in exchange for newly issued Bally’s Intralot shares and a cash portion, at the election of evoke shareholders.
👉The transaction represents a significant milestone for Bally’s Intralot and marks the beginning of a new chapter in the creation of a leading international gaming and technology platform, significantly enhancing Intralot’s UK position through the addition of evoke’s leading brands, William Hill and 888, and a scaled multi-brand platform across casino, sports, bingo and poker.
👉The enlarged group ranks as the #2 player in UK iGaming and #4 in UK online sports betting by gross gaming revenue, supported by a strong retail presence.
🤝 We extend our appreciation to the management team of Bally’s Intralot for their continued trust and excellent cooperation and to all parties and advisers involved, including the banks and financing parties, Milbank LLP and KPC Finance Finance, for their dedication and collaboration.