0949 GMT - Evoke PLC's update shows that its strategy is paying off, Peel Hunt analysts Ivor Jones and Douglas Jack write in a research note. The betting and gaming group is still a work in progress, but the company is on track to restore credibility progressively, they say. The London-listed owner of the William Hill, 888 and Mr Green brands can fix its remaining challenges, and manage its debt level through debt-for-equity swap, they add. "The group has time to resolve its remaining technology and product challenges and demonstrate that it can get into solid, net cash-generative growth," they say. Shares are down 1% at 47.45 pence. ( najat.kantouar@wsj.com)

(END) Dow Jones Newswires

Evoke can fix its remaining challenges and manage its debt level, providing for an accelerating debt-for-equity swap, Peel Hunt says. "Evoke's Strategy Looks Positive -- Market Talk," at 0950 GMT, incorrectly implied that Evoke was seeking to repay its debt with an equity raise.

(END) Dow Jones Newswires

April 25, 2025 09:29 ET (13:29 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.