Bally’s Intralot has secured a new £261.7 million senior secured term loan to strengthen its balance sheet and support its ongoing acquisition strategy, as the company continues work on its planned takeover of betting and gaming group Evoke.
The Athens-listed gaming technology and online gambling company confirmed that its Luxembourg financing subsidiary had signed the sterling-denominated facility with a group of institutional lenders. The financing is intended for general corporate purposes, working capital, future acquisitions and the refinancing of existing debt obligations.
The latest funding comes as Bally’s Intralot advances its proposed £243.1 million acquisition of Evoke, the owner of major gambling brands including William Hill, 888 and Mr Green. The deal is expected to be voted on by Evoke shareholders in August, with Bally’s Intralot targeting significant operational synergies once the businesses are combined.
While the company continues to expand, its leverage remains under close scrutiny. According to its latest financial results, Bally’s Intralot reported total debt of approximately €1.75 billion and adjusted net debt of €1.49 billion as of 31 March 2026. Management has maintained that liquidity remains strong despite the sizeable debt burden, supported by available cash and credit facilities.
Much of the group’s debt stems from the creation of Bally’s Intralot following Intralot’s acquisition of Bally’s International Interactive in 2025. That landmark €2.7 billion transaction transformed the Greek lottery technology specialist into a broader international gaming and digital betting business, with Bally’s Corporation becoming the majority shareholder of the combined entity.
Financing has remained a central theme throughout the company’s expansion plans. Before announcing its offer for Evoke, Bally’s Intralot had already secured a £900 million private credit package backed by major investment firms, intended to finance the acquisition and support the integration of Evoke’s operations. The company expects the merger to generate annual synergies estimated at between £180 million and £200 million.
Investor confidence has also received a modest boost in recent weeks after Deutsche Bank increased its holding in Bally’s Intralot by purchasing more than 1.4 million shares, although the investment represents only a small percentage of the company’s total share capital.