(AsiaGameHub) –   Evoke has confirmed it is currently in discussions with Bally’s Intralot about a potential all-share merger, following its December announcement of a strategic assessment.

The proposed transaction values Evoke at 50 pence per share (£0.50), and will be structured as an all-share deal that may also include an additional cash component.

Evoke is currently evaluating the offer with support from its financial advisors, Morgan Stanley and Rothschild & Co.

Bally’s Intralot has stated that any formal proposal will be subject to standard customary approvals and conditions, and the firm retains the right to adjust the terms, structure and/or cash consideration of any potential deal.

These talks come after months of widespread speculation, which started when Evoke launched a review of potential impacts on its future revenue as it prepares for upcoming tax increases in Italy.

While Evoke has not specified what assets it may sell off, multiple news reports have suggested the company is open to divesting its Italian subsidiary if that step is needed to reduce the impact of the new tax increases.

Evoke’s share price rose to £0.43 at market open, up from its previous closing price of £0.38, a change that reflects investor interest in the potential transaction.

The result of discussions with Bally’s Intralot is being closely monitored, as Evoke navigates regulatory pressure, cost restructuring, and strategic repositioning. A confirmed deal could meaningfully reshape the company’s future direction and market position.