Evolution Gaming This company is a recognized leader in the gaming sector, having built a strong reputation as a top Live Casino provider. Recently, it has been in the spotlight following the announcement of a significant agreement to acquire NetEnt, a major player in game development known for its beloved slot titles. Starburst , Dead or Alive , Twin Spin and hundreds of others.
Both Evolution and NetEnt are traded on the Stockholm stock market, with the deal being valued at SEK 19.6 billion (approximately C$2.8 billion) and offering SEK 79.93 (around C$11.70) per share. If the acquisition is finalized, Evolution Gaming will gain control of 90% of NetEnt.
In their official statement, the company emphasized that “Combining Evolution’s supremacy in live casino offerings with NetEnt’s reputable online slot presence will forge a premier B2B supplier with the potential to catalyze the digital transformation of the global gaming sector.”
While the proposal has been put forward, the window for acceptance will not begin until August and is set to conclude two months later. So far, shareholders of NetEnt have indicated their approval of the proposal ( EGR Global ).
Who is Evolution Gaming?
Established in 2006, Evolution Gaming has quickly risen to prominence as a foremost B2B supplier of live casino gaming software. As of 2020, it boasts a clientele exceeding 300 online casino operators and several land-based establishments. With multiple studios across Europe and North America, the company employs over 8,000 individuals and is a leading innovator in live casino games, including popular variants of traditional table games and unique offerings. live casino game shows These innovative games are gaining traction in numerous markets, with Evolution consistently introducing new game show concepts each year. Some of their standout titles include Live Deal or No Deal, Live Dream Catcher, Monopoly Live, and Live Mega Ball.
Over the years, Evolution Gaming has garnered numerous accolades, with the latest honor coming in February 2020 when it was named Online Casino Supplier of the Year at the Global Gaming Awards held in London.
The Evolution and NetEnt merger: a strategic enhancement of their position in the gaming landscape.
NetEnt NetEnt has been a premier name in the industry since its inception in 1996, a decade ahead of Evolution's founding, solidifying its place as a key developer. Thus, it's no surprise that this acquisition is making waves in the gaming sector! Furthermore, it highlights the significant growth Evolution Gaming has achieved as a game supplier in a relatively short period.
This isn't the first time NetEnt has pursued a merger; just last year, it collaborated with the major game developer Red Tiger for £220 million. This merger was aimed at combatting plummeting share prices – a strategy that ultimately proved successful, as NetEnt experienced growth shortly after integrating with Red Tiger.
As the acquisition progresses, the partnership with Red Tiger is expected to greatly benefit Evolution Gaming by solidifying their market position following this substantial acquisition. Following the announcement, NetEnt's share prices already surged from SEK 56.00 to SEK 77.00, hinting at a promising outlook ahead. Gambling Insider ).