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Evolution completes acquisition of Livespins

Tags: Evolution, Livespins.
Posted on 16 February 2024 by "T".

Evolution Gaming has announced its acquisition of Livespins, in a deal worth up to €5 million as the total up-front cash payment.

The acquisition stipulates a total up-front cash consideration worth €5 million. Additionally, Evolution will pay an earn-out based on Livespins' performance in 2026. Completion of the transaction is planned for Q2 2024 and is subject to certain closing conditions.

Livespins is an innovative B2B social streaming game provider that enables operators to offer their players the opportunity to bet behind their favorite influencers, streamers and brand ambassadors.

Livespins integrates into an operator's casino lobby via API, allowing multiple players to place a bet to team up and "bet behind" the streamer for a chance to win together. If the streamer wins, the players win too, in what is an exciting shared experience.

Evolution said the acquisition fits perfectly into their "Product Leap" strategy, saying that Livespins shall strengthen their online gaming portfolio with a new social element.

Todd Haushalter, Evolution's Chief Product Officer, said:
"Playing along with a streamer is a whole new way to play online casino games. This was on our roadmap, so when the opportunity with Livespins arose, things moved quickly. Bringing together the fantastic tech, processes and know-how of the team at Livespins with Evolution's huge game portfolio, we will provide Livespins immediately with unparalleled distribution power via our One Stop Shop (OSS) integration. Twitch, YouTube, and other platforms have proven the popularity of live streaming while playing online casino games. We think players would love to play along with them and now that will be possible, right from the Evolution lobby."

Chris Scicluna, Livespins CEO, added:
"This is an unprecedented milestone for Livespins and we couldn't be happier to be joining the Evolution Group. Although we have content from 40-plus studios already integrated, we are still in a start-up phase, so to attract the attention of Evolution is incredible. It's also a reflection of all the hard work that our team has poured into this concept, and the unwavering belief that the Livespins product would revolutionize the industry."

Livespins shall continue to function as its own brand within the Evolution group. With the Livespins brand now in tow, Evolution further expands its portfolio of world leading online gaming brands that already includes Big Time Gaming, Red Tiger, NetEnt, Nolimit City, DigiWheel and Ezugi.


In a recent interview, Livespins CCO Michael Pedersen said that the US market will be their main focus for Livespins. He added that when Livespins has demoed its product at trade shows, the greatest enthusiasm has come from US and Canadian operators.
"We got such tremendous feedback from North American operators that it was a pretty easy choice from early on that our first regulated markets would be North America. That also means that we're not touching the more typical European regulated markets for now. The product's built for North America, to some extent."


About Evolution Gaming
Evolution AB develops, produces, markets and licenses fully-integrated B2B Online Casino solutions to gaming operators. Founded in 2006, Evolution Gaming has developed into a leading B2B provider with 600+ operators among its customers, including 888casino, Betsson, Entain (partycasino), Mr Green and LeoVegas. The group currently employs 13,000+ people in studios across Europe and in North America. The parent company is based in Sweden and listed on Nasdaq Stockholm with the ticker EVO.

Evolution Gaming is licensed and regulated by the Malta Gaming Authority under license MGA/B2B/187/2010. Evolution is also licensed and regulated in many other jurisdictions such as the United Kingdom, Belgium, Canada, Romania, South Africa, and others.


Source: https://www.evolution.com/news/evolution-acquires-livespins/


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9 comments on "Evolution completes acquisition of Livespins"


 dule-vu16/02/2024 13:54:32 GMT
we all know that in last years lot of gaming companies buy smaller comapnies and with this transaction evolution will become even bigger! this amount is small when we know how big amounts we had in last years, even in billions! we will see what this will bring to player and how they will develope company! hope to see even more great things from evolution!
 dirkemans17/02/2024 07:39:52 GMT
I personally hate this - i don't support monopolistic style of business, it never bodes well. Historically, it's also the most prone to companies straying from the 'right path', ethically and morally. Power corrupts. I said this in another thread iirc, but it applies to this one as well. Moreover, i have never really trusted Evolution, after some horrible personal experiences, and a number of articles, video's and forum posts on various forums, that reflect the same experience of fellow players, it's clear to me that they have zero interest in the players experience individually.

They are playing a numbers game, and have screwed over a lot of players, with seemingly no repercussions. Even with video proof, some players got screwed. I was appalled that they have taken over Netent, Big Time Gaming and most recently NolImit.

I still play these games, but to be honest, they feel different. Like lower RTP, or w/e. Zero proof of course, but 20 years of slotting experience and a fairly based opinion on what's up, having worked in the industry myself for a number of years, i'd like to think i know enough to feel confirmed in these statements.

I'm not saying you can't win on any of their games, because you obviously can, and i also still do, from time to time, but the more they take over, the less i feel inclined. Just my opinion, for what it's worth...
 dule-vu17/02/2024 08:48:23 GMT
Nice review!
 denis8018/02/2024 16:51:34 GMT
It's certainly not a good thing that Evolution is buying up companies. But there's nothing to be done. By law, they have the right to do this. And they are also very rich.
 dule-vu18/02/2024 18:43:36 GMT
We will see what they will make from this deal!
 lucianojerez20/02/2024 15:02:45 GMT
This news confirms Evolution's vision of being the world's leading online gaming provider. Surely with the incorporation of social networks in the transmission of online games, a greater number of people will learn about the different games offered with the consequent incorporation into this entertainment.
 dule-vu20/02/2024 15:24:35 GMT
They are better in live games!
 alkhione20/02/2024 22:17:57 GMT
I just have to wait Question
 dule-vu20/02/2024 23:19:14 GMT
On what?

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