Evoke, the parent company of William Hill and 888, has announced the closure of approximately 270 betting shops across the United Kingdom. The move is a direct response to increased gambling taxes and the company's mounting debt burden.
Financial Impact of Tax Rises
The company reported that its pre-tax losses more than doubled to £549.1 million in 2025, largely driven by higher UK duty costs. Evoke stated that the shop closures are necessary to offset these financial pressures. The exact number of job losses resulting from the closures has not yet been confirmed, but it is expected to affect hundreds of employees.
Takeover Talks Underway
Despite the closures, Evoke is currently in discussions regarding a potential £225.3 million takeover by Bally’s Intralot, a Greek lottery and gaming firm. The outcome of these talks remains uncertain, and the company is continuing to navigate its financial challenges.
The decision to close shops reflects broader trends in the UK gambling industry, where operators are grappling with regulatory changes and increased taxation. Evoke's actions may signal further consolidation in the sector as companies seek to manage costs and remain profitable.
