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Evoke Weighs Closing Up to 200 William Hill Shops Ahead of Reeves’s Budget

The heavily indebted owner is modeling potential tax changes that could force cuts to its high‑street estate.

Overview

  • The review could affect 120–200 of roughly 1,300 outlets, putting up to about 1,500 jobs at risk according to multiple reports.
  • Evoke says it is continuously reviewing its portfolio and assessing tax scenarios but has made no final decisions and would seek redeployment and voluntary redundancies where possible.
  • The Treasury says its consultation is to simplify gambling duties before the 26 November budget, as Labour figures and the IPPR argue for higher taxes on the sector.
  • Evoke carries around £1.8bn of debt, reported a £78m pre‑tax loss in the first half of 2025 and has a market value near £210m, with retail revenue down 2% over the period.
  • Industry leaders warn higher duties could render more shops unviable and push betting to the black market, while BHA and Regulus estimate racing could lose £66m–£160m a year.