"Evoke reported pre-tax losses of £549.1 million for 2025, more than doubling from £220.9 million the previous year, driven largely by UK tax increases and impairment charges."
"The restructuring is expected to result in hundreds of job losses, although the group has not yet confirmed how many staff will be affected."
"Industry analysts say the scale of the shop closures reflects a broader shift away from high street betting, as operators increasingly pivot towards online gambling amid rising overheads and tighter regulation."
Evoke, owner of William Hill and 888, will close around 270 betting shops in the UK as part of a financial restructuring. The company reported pre-tax losses of £549.1 million for 2025, significantly impacted by UK tax increases and impairment charges. The closures are expected to lead to job losses, although specific numbers are not confirmed. Evoke is also in takeover talks with Intralot, valuing the company at approximately £225.3 million. The retail betting sector is experiencing a shift towards online gambling due to rising operational costs and tighter regulations.
Read at London Business News | Londonlovesbusiness.com
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