(AsiaGameHub) –   Bally’s Intralot has been granted an extension by Evoke to declare its intention to submit a formal acquisition bid.

Evoke noted that productive talks with Bally’s Intralot were continuing prior to the original May 18 cutoff. The new deadline for Bally’s Intralot to decide on the proposal, which may involve a mix of shares and cash or an all-cash offer, is 5 p.m. UTC on June 30.

Evoke expressed a readiness to cooperate on extending this deadline, provided it does not entail an extension for any subsequent offer periods.

 Bally’s Intralot CEO Robeson Reeves said:

We recognize a powerful chance to apply our operational framework to a much larger enterprise and to potentially overhaul its financial results with synergies that we are distinctively able to provide. This is an opportunity we are following with strong belief.

Robinson mentioned that a full acquisition of Evoke by Bally’s Intralot would probably lead to the sale of certain assets to decrease its leverage, identifying the Italy and Mr. Green operations as two potential candidates for divestment.