Evoke

2018 video game

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Evoke closes shops after facing heavy gambling tax increases
business Jan 27, 2026, 10:32 AM
Evoke closes shops after facing heavy gambling tax increases
  • Evoke announced plans to close retail betting shops in response to increased gambling taxes.
  • The company expects its duty costs to rise by up to £135 million annually from 2027.
  • These measures aim to offset financial impacts and protect shareholder value.
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Flutter faces crippling earnings hit from Budget gambling tax changes
business Nov 26, 2025, 2:43 PM
Flutter faces crippling earnings hit from Budget gambling tax changes
  • The UK government announced gambling tax increases that will rise significantly starting April 2026.
  • These increases prompted a decline in share prices for major UK betting firms, with Flutter expecting a substantial earnings impact.
  • Industry leaders warned that these changes may push bettors towards illegal gambling markets, jeopardizing jobs and competitiveness.
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Evoke plans to sell Italian arm amid looming tax hikes
business Nov 25, 2025, 5:00 PM
Evoke plans to sell Italian arm amid looming tax hikes
  • Evoke has hired Morgan Stanley to explore the sale of its Italian online gambling operations due to proposed tax increases.
  • The prospective tax hikes could generate an additional £1 billion to £3 billion for the government, affecting the entire gaming sector.
  • The company may activate its sale plans to strengthen its balance sheet if taxes rise dramatically, raising concerns over job losses and market shifts.
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