Evoke's Betting Brands Up for Sale Amid New Taxes

Evoke, parent company of William Hill and 888, faces potential sale due to new UK taxes, estimated to cost one billion pounds. Chief executive calls taxes ill-thought-through, counter-productive, and highly damaging. Company hires Morgan Stanley and Rothschild and Company for strategic review, shares rise after announcement. New budget increases online casino tax from 21% to 40% and online sports betting from 15% to 25%, excluding horse racing. Analysts predict major industry shift, potentially leading to more mergers and acquisitions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.