Evolution Gaming looks to bolster US presence with NetEnt buyout

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Rebellion Research

How Is Netent Doing After Merger with Evolution?

How Is Netent Doing After Merger with Evolution? In June 2020, the iGaming industry witnessed a significant event-the merger between Netent and Evolution Gaming. Valued at approximately 1.8 billion USD, this strategic union brought together two giants in the online casino software development field. This article delves into the aftermath of this…

Live Gambling ・ 13 July 2023

Vegas Slots Online

Evolution Finalizes €340m Nolimit City Online Casino Deal

Evolution's aggressive acquisition strategy in the online casino space has seen the Stockholm-based brand add slots disruptor Nolimit City to its roster after finalizing a deal worth up to €340m ($347m). upfront consideration of €200m ($204m) cash The total price tag of the finalized acquisition, which was announced in a news release Monday, was…

Industry ・ 09 August 2022

Gaming Intelligence

Evolution to acquire Nolimit City in €340m deal

Stockholm-listed casino games provider Evolution is set to expand its game portfolio with the acquisition of Malta-based slot developer Nolimit City in a deal worth up to €340m. Evolution will acquire the entire issued share capital of the award-winning studio for an upfront consideration of €200m on a cash and debt free basis, with earn-outs of up…

Strategy Guide ・ 22 June 2022

Nolimit City

Evolution has entered into an agreement to acquire Nolimit City, a leading producer and developer of online slot games

Evolution AB (publ)'s wholly owned subsidiary, Evolution Malta Holding Limited, ("Evolution") has entered into an agreement to acquire the entire issued share capital of Nolimit City Holding Ltd ("Nolimit City") for an upfront consideration of EUR 200 million (the "Transaction"). With earn-outs of up to EUR 140 million the total consideration can…

Gaming Authorities ・ 07 October 2022

Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.

Gaming Intelligence

Evolution expands FanDuel US live casino deal

Stockholm-listed Evolution is expanding its relationship with FanDuel Group to serve as the operator's sole provider of live casino games in the United States. The new deal enhances a previous agreement from 2020 which saw Evolution's live dealer games added to FanDuel's existing online casino offering, which already included games from…

Live Gambling ・ 08 February 2022

Gaming Intelligence

Evolution launches dedicated live casino studio for Penn National

Stockholm-listed casino supplier Evolution has launched a dedicated live online casino studio for Penn National Gaming in the United States. The dedicated area has been fully branded as Barstool Sportsbook & Casino and is located at Evolution's live casino production studio in New Jersey. "We are delighted to continue to build on our very strong…

Live Gambling ・ 12 October 2021

Inkedin

Evolution Completes Big Time Gaming Acquisition

The acquisition of Big Time Gaming by Evolution has been completed, with the board of directors approving the issuance of 1105032 new shares. Evolution announced its intention to buy BTG in April for a total value of up to £450 million, payable in cash and shares. All of the essential regulatory clearances have now been secured by the company,…

Industry ・ 03 July 2021

Casino Beats

LeoVegas appeal, GambleAware, Evolution, & Flutter: the week in numbers

Each week, CasinoBeats breaks down the numbers behind some of the industry's most interesting stories. Today we take a brief look at an array of financial updates from across the industry, as well as a five-year strategy released by GambleAware, LeoVegas appeal, and the "devastating" effect of COVID-19. 4.75 Super Group unveiled its intention to…

Gambling Addiction ・ 07 May 2021

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Evolution Set To Acquire Big Time Gaming

Live casino games giant Evolution is on the verge of acquiring yet another big iGaming player in the world of digital and gaming entertainment. The company earlier this week confirmed that it has now tabled an offer to acquire Megaways-creator Big Time Gaming. The €450 million deal will see Evolution purchase Big Time Gaming in a combination of…

Finance ・ 12 May 2021

Gambling News

Evolution Gaming Group to Acquire Big Time Gaming for $534M

Big Time Gaming will be the latest addition to Evolution Gaming Group's growing portfolio of iGaming assets in a deal valued at $534 million. Evolution Gaming Group is on a roll. Following the acquisition of the world's leading manufacturer of slot games NetEnt, the company is moving to secure another landmark deal, offering to buy the entire share…

Finance ・ 07 May 2021

Inkedin

Evolution Completes NetEnt Acquisition

After the expiry of its'extended acceptance period' to buy out the Stockholm-listed casino games maker, Evolution Gaming has brought its overall shareholding in NetEnt to approximately 96.8 percent of the outstanding shares. The acquisition of NetEnt by Evolution had previously been given the green light by the Competition and Markets Authority…

Industry ・ 21 January 2022

iGaming Business

Evolution begins NetEnt integration after completing acquisition

It has begun a "total reorganisation" of NetEnt, with Evolution's management assuming operational responsibility for the acquired business. As a result NetEnt chief executive Therese Hillman will support the integration before leaving the business in the first quarter of 2021. NetEnt's live casino division will also be shuttered, and efforts are to…

Industry ・ 23 May 2021

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Gaming Intelligence

NetEnt applies to delist from Nasdaq Stockholm

The board of directors of casino supplier NetEnt has applied to delist the company's shares from Nasdaq Stockholm as Evolution Gaming Group moves to complete its acquisition of the company. NetEnt shareholders representing 93.9 per cent of shares and 97.3 per cent of votes accepted Evolution's offer by the acceptance deadline of 20 November, with…

Finance ・ 19 January 2021

Casino News Daily

Evolution Quest to Buy NetEnt Clears CMA Hurdle

Live Casino specialist Evolution (formerly Evolution Gaming) has secured regulatory approval to acquire online casino supplier NetEnt in a deal that values the latter at SEK19.6 billion (approx. $2.2 billion). Evolution announced Monday that the UK Competition and Markets Authority (CMA) has given the go-ahead to the multi-billion deal. Approval…

Sports ・ 23 July 2021

Gambling Insider

CMA gives Evolution go ahead to complete NetEnt acquisition

Evolution has received approval from the UK Competition and Markets Authority (CMA) to complete its proposed acquisition of NetEnt. The supplier, who specialises in live casino, announced it made an offer in June to purchase Red Tiger owner NetEnt, in a deal worth SEK 19.6bn ($2.26bn), subject to competition approval. The Malta Competition and…

Industry ・ 19 January 2021

India Education

Aditya Bhushan, Indian executive takes on role as NetEnt’s new CTO

Indian executive Aditya Bhushan has taken over the chief technology officer (CTO) role at NetEnt following the departure of Tobias Palmborg last September 4. Bhushan was formerly the director of the game platform as well as the managing director of NetEnt India. He started his career as a software engineer at Nagarro Software AB in 2003 before…

Live Gambling ・ 23 May 2021

Casino News Daily

Evolution Extends Acceptance Period for NetEnt Takeover Offer

Live casino specialist Evolution Gaming has extended the period for shareholders of Swedish iGaming content supplier NetEnt to accept its takeover offer to November 20, 2020 after the UK Competition and Markets Authority (CMA) said last month that it would announce its decision on the combination by November 16. Evolution tabled a SEK19.6 billion…

Live Gambling ・ 19 January 2021

Descrier

888 to bring new NetEnt titles to its popular online casino

The Gibraltar-based 888 Holdings PLC has inked a deal with Swedish developers NetEnt to bring a slew of new games to the firm's live casino offering, including roulette and blackjack variants such as Live Roulette and Blitz Blackjack. Evolution Gaming currently provides all of the live casino games on 888holding's flagship brand 888casino, but the…

Blackjack ・ 19 January 2021

Vegas Slots Online

NetEnt and Evolution Gaming Post Strong Q2 Results

NetEnt and Evolution Gaming have posted strong Q2 results, as the lack of sporting events during the pandemic shifted gambling dollars to online casinos. [Image: Shutterstock.com] Live dealer game specialist Evolution Gaming and online casino game developer NetEnt both posted strong financial results for the second quarter of 2020. a jump in online…

Sports ・ 17 February 2022

Gambling

Evolution Gaming Set to Acquire NetEnt for Over $2 Billion

Live casino company Evolution Gaming Group made an offer to acquire fellow online gaming company NetEnt for more than $2 billion, several media outlets reported Wednesday. The move has global implications in the gaming industry but was made very much with the burgeoning market in mind, Evolution Gaming chairman Jens von Bahr said. "NetEnt's…

Finance ・ 10 November 2021

Online Poker Report

Evolution Gaming Moves To Acquire NetEnt For $2.3 Billion

Live casino giant Evolution Gaming is pursuing a $2.3 billion deal to acquire all shares of rival gaming provider Netent. NetEnt shareholders indicated early Wednesday that they will approve the offer, which marked a 43% premium to NetEnt's share price at close on Tuesday. The seven-figure price tag is equivalent to 10x NetEnt FY20 revenue and 23x…

Live Gambling ・ 10 November 2021

iGaming Business

Evolution makes SEK19.6bn bid for NetEnt

Evolution Gaming has tabled a $2bn bid for slots giant NetEnt in a deal designed to strengthen their position in the US market. Stockholm-listed Evolution said the ambitious SEK19.6bn ($2.11bn/€1.87bn) offer for the casino game developer signalled its intent to become "the world leader in the online gaming industry". The offer has been welcomed by…

Finance ・ 14 December 2021

World Casino News

NetEnt AB being targeted by Evolution Gaming Group AB

Evolution Gaming Group AB has reportedly lodged a public offer worth some $2.12 billon that would see it fully acquire fellow Stockholm-listed online casino games developer NetEnt AB. According to a report from the Reuters news service, the Swedish innovator revealed that the envisioned arrangement would see it pay investors around $8.56 for each…

Games ・ 10 November 2021

iGaming Business

NetEnt to integrate Red Tiger and accelerate earn-out

Stockholm-listed NetEnt has opted to fully integrate slot developer Red Tiger into its business, and is to accelerate the payment of the earn-out attached to the acquisition to facilitate this process. Stockholm-listed NetEnt has opted to fully integrate slot developer Red Tiger into its business, and is to accelerate the payment of the earn-out…

Strategy Guide ・ 19 January 2021

iGaming Business

NetEnt profit declines in 2019 despite Red Tiger acquisition

Stockholm-listed casino game developer NetEnt's revenue increased slightly year-on-year to SEK1.79bn (£143.3m/€170.4m/$186.1m) in 2019 as the company's acquisiton of Red Tiger Games helped offset "weakness" in Sweden and Norway, but the supplier's profit declined. The supplier's SEK1.79bn in revenue was made up almost entirely of royalties, which…

Industry ・ 26 December 2021