Evolution This week, the company has wowed everyone by revealing its purchase of Big Time Gaming.
In the previous year, Evolution made headlines when it took over leading slot game developers like NetEnt and Red Tiger , propelling it to a prominent status in the gaming industry. NetEnt With this latest acquisition of Big Time Gaming, Evolution is poised to redefine its role in the marketplace yet again.
The agreement entails Evolution purchasing the complete share capital of Big Time Gaming, with the deal valued at an impressive €450 million (£534 million) .
The breakdown of the payment indicates that 70% will be settled in cash, while the remaining 30% will be fulfilled through newly created shares. The value of these shares will align with NASDAQ Stockholm’s trading index upon issuance.
This strategic acquisition reinforces Evolution's standing as a top-tier provider of high-caliber and engaging casino games.
Jens Von Bahr , the chairman of Evolution, commented on the acquisition: “By incorporating Big Time Gaming into our array of slot brands, we enhance our strategic advantage as the world’s foremost supplier of digital casino games.”
Nik Robinson , the CEO of Big Time Gaming, expressed his excitement over the deal, noting the shared commitment to innovation between both companies.
Located in Sydney, Australia, Big Time Gaming is synonymous with groundbreaking slot games and inventive gaming mechanics.
Who is Big Time Gaming?
They are the masterminds behind the acclaimed slot mechanic known as Megaways , which first appeared in 2015.
Their introduction of this mechanic created a sensation, leading to widespread licensing agreements with other developers and launching a new era in online slots.
Since the initial release of the Megaways slot, numerous titles boasting this innovative mechanics have graced casinos worldwide.
Evolution has been a recurring name in the gaming sphere over the past few years.
Who is Evolution Gaming?
As a developer, it is well-known, having previously built its reputation primarily within live casino environments, but it is now diversifying into various other sectors of the gaming industry.
This latest acquisition marks a significant milestone for the company, solidifying its leadership not only in live gaming but also in slot development . Their relentless pursuit of innovation has driven a series of successful ventures.
Evolution is certainly on an upward trajectory, and we are eager to see what thrilling developments they will unveil in the coming years! online slots M. Louisa devotes her time to her mischievous little monkey, who is growing up way too quickly. When she manages to find a moment for herself, she enjoys painting or indulging in a great book. Over the last three years, she has delighted in observing the industry's growth and considers it the most rewarding aspect of her career!
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