Evolution has been among the most reputable names in iGaming, developing unique quality products, and the award-winning company shows no signs of slowing down any time soon. Evolution currently boasts NetEnt’s portfolio after a recent deal that saw the provider acquire 96.8% of the fellow giant provider, NetEnt shares. Evolution continues to supply products under Evolution, NetEnt, Ezugi, Red Tiger, and most recently Big Time Gaming which was announced as a new addition to Evolution’s collection of top-tier casino games providers.
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Big Time Gaming Joins Evolution’s Wealth of Assets
Evolution Group is on a rampage. The Live Casino provider most recently acquired the industry’s leading developer of pokies, NetEnt, and the company is looking to land another landmark deal. Evolution Gaming has recently released the announcement sending shockwaves through the iGaming industry. The Live Casino Supplier is set to buy the entire share capital of Big Time Gaming, popular for its pokies and Megaways gameplay mechanic.
Big Time Gaming is a big name in the industry. It is renowned for its unique pokie design in pokies like Extra Chill and Bonanza and the popular, innovative Megaways engine that powers over 200 games. The mechanic has led to an upgrade to several NetEnt’s games to feature Megaways, like the popular classic Gonzo’s Quest. The Last year has seen the company reap profits of NZ$55 million, which is a huge boost for Evolution Gaming’s future accounts.
Diving into the numbers, the deal is worth up to NZ$751.4 million, payable in cash and evolution shares. The company will pay an estimated 70% of the amount in cash, with the rest paid in recently issued Evolution shares. The trading index will determine the shares’ value on Stockholm at the time of issuance.
A Shared Vision for Both Companies
Evolution Gaming and Big Time Gaming share a common drive, innovation, and player experience, making the deal a big-time move for both companies.
Commenting on the news, Evolution’s Chairman Jens Von Bahr stated: “With the addition of Big Time Gaming to our portfolio of pokie brands, we strengthen our strategic position as the leading provider of digital casino games in the world.”
He proceeded to say, “Big Time Gaming’s focus on innovation and creating unique playing experience is a great fit with our culture and Mindset at Evolution.”
Nik Robinson, Big Time Gaming’s CEO, mirrored the statement with matching excitement by saying, “Evolution and Big Time Gaming are both driven by innovation, hence the perfect match. A bright and entertaining future awaits our players.”
A Done Deal
Evolution Gaming continues to make major moves towards stamping its name as the industry-leading game provider. The new deal will see the Stockholm-based company acquire Big Time Gaming. The groundbreaking deal comes after another astounding NZ$$3.34 million merger in December 2020, which is the acquisition of NetEnt, which had previously acquired Red Tiger Gaming. The latest deal merges some of the most renowned names in the game under one roof of iGaming giants. The deal is expected to be finalized by the second quarter of 2021.