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The latest announcement is out from 888 Holdings ( (GB:EVOK) ).
Evoke Plc has expressed concerns over the UK government’s decision to increase the Remote Gaming Duty from 21% to 40% by April 2026 and introduce a new 25% online sports betting duty from April 2027. The company believes these changes will lead to significant job losses, reduced investment in the UK market, and a shift of consumer activity to the unregulated black market, ultimately decreasing tax revenue and compromising player protection. Evoke plans to mitigate the financial impact through cost-saving measures and anticipates further market consolidation as smaller operators may exit due to rising costs.
The most recent analyst rating on (GB:EVOK) stock is a Hold with a £41.00 price target. To see the full list of analyst forecasts on 888 Holdings stock, see the GB:EVOK Stock Forecast page.
Spark’s Take on GB:EVOK Stock
According to Spark, TipRanks’ AI Analyst, GB:EVOK is a Neutral.
The overall stock score is primarily influenced by financial performance challenges, including negative equity and high leverage. Technical indicators suggest bearish momentum, further impacting the score. Positive sentiment from the earnings call provides some support, highlighting profitability improvements and revenue growth.
To see Spark’s full report on GB:EVOK stock, click here.
More about 888 Holdings
Evoke Plc is a leading global betting and gaming company, operating renowned brands such as William Hill, 888, and Mr Green. Headquartered in London and incorporated in Gibraltar, Evoke aims to provide world-class betting and gaming experiences.
Average Trading Volume: 1,424,378
Technical Sentiment Signal: Sell
Current Market Cap: £167.6M
See more insights into EVOK stock on TipRanks’ Stock Analysis page.