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UK gambling company Evoke, the owner of William Hill and 888, has put itself up for sale after it was hit with steep tax rises in last month’s Budget.
Shares climbed more than 10 per cent after the London-listed gambling company said on Wednesday it was launching “a strategic review” that could include “a potential sale of the group or some of its assets and business units”.
The company has appointed Morgan Stanley and Rothschild & Co as joint financial advisers.
Evoke was one of the biggest losers from chancellor Rachel Reeves’ steep tax rises on the online gambling sector. The group’s shares dropped by a third in the week following the Budget, as it ditched its financial targets and warned it could cut thousands of jobs.
