Evolution Gaming Evolution has built a strong reputation within the gambling space, recognized as one of the key players in live casino services. Recently, the company has gotten attention due to its planned acquisition of NetEnt, a notable name within the industry that is famed for its beloved slot titles. Starburst , Dead or Alive , Twin Spin and hundreds of others.
Both companies are publicly traded on the Stockholm stock exchange, where the takeover offer was valued at SEK 19.6 billion (approximately C$2.8 billion) and offered SEK 79.93 (around C$11.70) per share. If finalized, Evolution Gaming will control 90% of NetEnt.
In a public announcement, Evolution highlighted that “Bringing together Evolution's dominance in live casino with NetEnt's stronghold in online slots will form a premier B2B provider, unlocking new opportunities for digital transformation in the global gaming sector.”
While the offer has been extended, the formal acceptance window won’t commence until August, lasting for two months. NetEnt's shareholders have already indicated their readiness to accept the bid EGR Global ).
Who is Evolution Gaming?
Evolution Gaming, which started its journey in 2006, has emerged as a top-tier B2B supplier in the gaming software sector. As of 2020, it services over 300 online casino operators, along with a few land-based establishments. With multiple studios situated across Europe and North America, the company employs over 8,000 individuals and is a leading innovator in live casino gaming, featuring popular table variants and unique offerings. live casino The latter innovations have gained substantial popularity across diverse markets, as Evolution consistently unveils new game show concepts. Some of their standout titles include Live Deal or No Deal, Live Dream Catcher, Monopoly Live, and Live Mega Ball. live casino game shows Over the years, Evolution Gaming has amassed numerous accolades, with the most recent being named Online Casino Supplier of the Year at the Global Gaming Awards held in London in February 2020.
This Evolution – NetEnt merger represents a powerful consolidation within the gaming industry, as NetEnt, which was founded in 1996—a whole decade before Evolution—has established itself as a cornerstore developer. Hence, it’s no wonder that this acquisition is capturing headlines in the gaming sector. It also illustrates remarkable progress made by Evolution Gaming within a remarkably short timeframe.
NetEnt has experience in mergers, having previously combined with prominent developer Red Tiger for £220 million last year. This merger was a strategic response to their declining share prices, which subsequently led to a recovery, with NetEnt reporting growth post-integration.
NetEnt As this latest merger unfolds, Evolution Gaming stands to gain significantly. Strengthening its position within the gaming landscape, Evolution's recent acquisition of NetEnt appears promising, as evidenced by NetEnt’s share value surge from SEK 56.00 to SEK 77.00 following the announcement.
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