Evolution This week has been remarkable for the industry with the revelation of Evolution's acquisition of the Australian game creator Big Time Gaming.
In the previous year, Evolution took over major slot game developers Youri and Red Tiger , a strategic move that positioned the company as a frontrunner in the gaming sector. NetEnt Now, Evolution is making headlines again by finalizing a significant acquisition with Big Time Gaming that could shape the future of the industry.
As part of this strategic move, Evolution plans to buy all shares of Big Time Gaming, with the acquisition valued at €450 million (£534 million) .
Seventy percent of the total acquisition cost will be settled in cash, while the remaining thirty percent will be paid with newly issued shares, which will be priced based on the NASDAQ Stockholm trading index at the time of issue.
This acquisition further solidifies Evolution's stance as a top-tier provider in the realm of high-quality and engaging casino entertainment.
Jens Von Bahr , the chairman of Evolution, commented on this strategic acquisition: “By integrating Big Time Gaming into our collection of slot brands, we reinforce our strategic positioning as the foremost provider of digital casino experiences worldwide.”
Nik Robinson , CEO of Big Time Gaming, echoed this enthusiasm, highlighting the shared commitment to innovation that both companies have.
Based in Sydney, Australia, Big Time Gaming is celebrated for its unique slot games and creative game mechanics.
Who is Big Time Gaming?
The studio is recognized for developing the groundbreaking slot mechanic known as Megaways , which debuted in 2015.
This mechanic gained instant popularity, leading the developer to license it to other gaming companies, thus setting a new trend in the online slots market.
Since the launch of the inaugural Megaways title, countless games featuring this innovative mechanic have graced casinos.
Evolution has become a frequently mentioned name in the gaming industry in recent years.
Who is Evolution Gaming?
As a gaming developer, it hardly needs an introduction; while its name was once primarily associated with live casino games, it has now branched out into various other areas of the gaming world.
With this recent acquisition, Evolution has reaffirmed its dominance not only in live gaming but also in any other terms . Its relentless pursuit of innovation has continuously propelled it toward a series of achievements.
It’s clear that Evolution is riding a wave of success, and we are eager to see what exciting developments lie ahead in the coming years! online slots M. Louisa spends her days on the lookout for a mischievous little monkey that seems to be growing up far too quickly. In her spare time, you might catch her with a paintbrush or immersed in an engaging novel. Over the past three years, she has enjoyed witnessing the industry's growth and feels that is the most rewarding aspect of her role!
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