Evolution Strengthens Its Market Position Through Strategic Acquisitions
Evolution, a leading provider of online casino technology, has announced its acquisition of Livespins, an innovative B2B social streaming game provider. This strategic move, valued at an upfront cash consideration of EUR 5 million, plus an additional earn-out based on Livespins’s 2026 performance, marks a significant step in Evolution’s expansion strategy. The acquisition is set to be completed in the first half of 2024, subject to customary closing conditions.
A Revolutionary Gaming Experience
Livespins is renowned for its unique platform that integrates via API into an operator’s casino lobby, allowing players to collectively bet behind their favorite streamers, brand ambassadors, and influencers. This model not only fosters a communal betting experience but also amplifies the excitement of live gaming. Todd Haushalter, Evolution’s Chief Product Officer, emphasized the synergy between Livespins’s technology and Evolution’s extensive game portfolio, predicting a transformative impact on the online casino market through shared live streaming experiences.
Chris Scicluna, CEO of Livespins, expressed his enthusiasm about joining the Evolution Group, highlighting the deal as a testament to the hard work and innovative spirit of the Livespins team. With content from over 40 studios, Livespins is poised for unprecedented growth under Evolution’s umbrella, promising to revolutionize the industry with its interactive gaming solutions.
Evolution’s Growth Strategy
Evolution has been on a significant growth trajectory, marked by key acquisitions such as NetEnt and Red Tiger Gaming, which have enriched its portfolio with top-tier slots and advanced gaming technologies. These strategic moves have solidified Evolution’s standing as a pioneer in the industry, known for delivering high-quality live casino experiences and innovative game mechanics.
Lightning Roulette and Crazy Time remain among Evolution’s most celebrated titles, while the recent unveiling of Lightning Storm at ICE London 2024 further highlights Evolution’s commitment to pushing the boundaries of online casino gaming.
