Moody's Calls Bally's $328M Evoke Buyout "Credit Positive" for Indebted Target

Casino.org · 5d ago

Moody's flagged Bally's Intralot's roughly $328 million takeover of Evoke as credit positive for the heavily indebted Mr. Green owner, which was carrying about $2.5 billion in liabilities. The deal brings $1.19 billion in new financing commitments that should ease refinancing pressure once the transaction closes, expected between late 2026 and early 2027. Moody's sees room for a future ratings upgrade as Bally's data-driven marketing platform combines with Evoke's larger customer base.