Evolution Gaming has revealed its intention to purchase more than 90% of NetEnt’s shares, making it the majority stakeholder in the company. This deal, valued at over £1.6bn ($1,991,708,800 USD), is one of the biggest in the iGaming industry this year. NetEnt Chairman Mathias Hedlund expressed his belief that the combination of Evolution’s expertise in Live Casino and NetEnt’s success in online slots will result in a company that can capture significant market share.
Evolution Gaming aims to broaden its horizons beyond live casinos by venturing into the realm of online slots. Given the prosperous state of both companies in the United States, merging the two will create a highly influential online platform. Jens von Bahr, the Chairman of Evolution Gaming, expressed his belief that the combination of NetEnt’s established presence in the US market and Evolution’s existing US studios, along with their first-to-regulated-market approach, will position them advantageously to seize opportunities arising from ongoing regulations in North America.
Both Evolution Gaming and NetEnt are renowned giants in the iGaming sector. Evolution Gaming excels as a leading live casino supplier, while NetEnt is celebrated for its exceptional video slots. Both companies cater to a vast number of online casinos globally, providing their top-notch services to hundreds of platforms.
What does Evolution Gaming refer to?
Evolution Gaming, a leading global provider of live casino services, has established itself as one of the largest players in the industry. With the legalization of online gambling in New Jersey a few years ago, the company seized the opportunity and expanded its operations into the state. More recently, Evolution Gaming has opened a state-of-the-art studio in Pennsylvania, further solidifying its presence in the United States. With a workforce of over 3,000 employees spanning several countries, including the United States, Canada, Italy, and Malta, the company’s reach is truly international. However, the heart of Evolution Gaming’s live casino operations remains in Latvia, where their main studio is located.
Evolution has established a strong presence in the industry for nearly 15 years. Recently, the company has garnered a multitude of accolades, such as the prestigious Game of the Year title for its Lightning Roulette and recognition as the Best In-Casino Streaming Live Dealer Provider.
What does NetEnt refer to?
NetEnt, a Swedish company, has been dedicated to creating online slots for more than ten years. With a workforce exceeding 1,000 employees, NetEnt operates from various locations including Malta, Kiev, Gibraltar, Sofia, Stockholm, Krakow, and New Jersey.
NetEnt completed the acquisition of Red Tiger in 2019, making a deal worth £220m ($273,520,500 USD). Therese Hillman, the Chief Executive of NetEnt, expressed her delight in the merger, stating that it brings together two prominent and forward-thinking companies in the online gaming sector. She eagerly anticipates collaborating with Red Tiger’s exceptional team to expand their global presence and provide enhanced benefits to operators and players. Moreover, the transaction is expected to generate substantial revenue synergies across various international markets.
The acquisition of Red Tiger by NetEnt could potentially play a role in the collaboration between NetEnt and Evolution Gaming.
