Evoke's Strategic Review: Job Cuts, Investment Drop
Update: 2025-12-10
Description
Evoke, owner of William Hill and other gambling brands, contemplates selling off parts of its business due to new tax increases on the gambling sector. The Chancellors decision to raise remote gaming duty from 21% to 40% and online betting duty from 15% to 25% could lead to thousands of job losses and significantly lower investment in UK sports. Evokes share price initially dropped but rose after announcing a strategic review with the help of Morgan Stanley and Rothschild.
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