Evolution Gaming has this morning reached an agreement to acquire Nolimit City for an upfront cash consideration of €200m. The deal contains a number of earn-outs options that could amount to €140m, which would price up Evolution’s total valuation of NoLimit City to €340m, payable in cash. The company notes that this falls in line with a “strategy of being …
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Evolution progresses with €450m takeover of Big Time Gaming
Evolution Gaming Group AB has entered into an agreement to acquire Big Time Gaming for a total cash bid of up to €450 million. Identified as a ‘thought leader in online slots,’ the acquisition of Big Time Gaming will enable Evolution to take advantage of popular titles such as Bonanza and Extra Chilli as well as the Game Mechanic Megaways, …
Read More »Evolution Gaming tables ‘game changing’ €1.8bn buyout of NetEnt
The board of NetEnt AB has confirmed that it has accepted an SEK 19.6bn (€1.8bn) acquisition offer put forward by Evolution Gaming AB. The offer, priced at SEK 79.93 (€7) per share, will see Evolution move to acquire 90% of NetEnt’s corporate shareholding. Evolution’s intended offer represents a premium of 43% on NetEnt’s closing SEK 56.10 share price on the …
Read More »Evolution Gaming appoints Jacob Kaplan as new CFO
Sweden and Malta based live dealer casino specialist Evolution Gaming has confirmed the appointment of Jacob Kaplan as its new Chief Financial Officer (CFO). Kaplan who joins Evolution Gaming from Stockholm-listed Scandinavian focused pension and investments firm Nordnet AB replaces outgoing CFO Fredrik Svederman who is to leave the firm at the end of 2016. Finding Sverderman’s successor, Evolution Gaming …
Read More »Evolution Gaming commits + €12 milllion to Riga office expansion
Igaming content and live games supplier Evolution Gaming has announced that it has purchased further floor space for its Riga (Latvia) offices. The move was sanctioned by the Board of Directors with a view to accommodate Evolution’s growing operations. The additional floor space purchase will amount to a total of €12.4 million. Evolution noted that it had been a tenant …
Read More »Evolution Gaming appoints Martin Carlesund as Malta CEO
Online gambling live dealer specialist Evolution Gaming has confirmed the appointment of Martin Carlesund as new CEO of its Malta operations division. Carlesund has been tasked with leading management of operational duties with regards Evolution Gaming’s product inventory, and will report directly to Founder and group CEO Jens Von Bahr. Carlesund joins Evolution Gaming having served as CEO of igaming …
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