Bally’s Intralot has agreed to acquire Evoke, the Gibraltar-headquartered owner of William Hill and 888, in an all-share deal valuing the gambling operator at about £243 million ($326 million).

As per the agreement, Evoke shareholders will get 0.537 new Bally’s Intralot shares for each Evoke share, with a cash alternative available. The deal prices Evoke at 52p per share, representing a 77% premium...