Evolution Finalizes Acquisition Deal For Big Time Gaming
In April 2021, Swedish-based company Evolution Gaming entered into talks with slots developer Big Time Gaming to purchase the company. Once an agreement was reached, Evolution turned to the task of getting the necessary regulatory approvals. The deal was expected to be finalized by the end of Q2, and they have successfully reached that benchmark.
All necessary regulatory approvals have been received, so Big Time Gaming is officially under the Evolution umbrella. On June 30, 2021, the Evolution board of directors announced that they would issue just over 1.1 million shares of the company under their agreement with Big Time Gaming. These shares are open for Big Time Gaming sellers to subscribe to as part of the earn-out deal that was struck when Evolution acquired Big Time Gaming.
One More Step In the Right Direction
This latest acquisition is one more win for Evolution Gaming. Before entering into talks with Big Time Gaming in April, Evolution finalized the purchase of gaming giant NetEnt in December. After folding NetEnt into the Evolution brand, they also bought out Red Tiger Gaming, another popular casino games developer.
Evolution is also expanding its offerings in other ways. In 2020, the company opened two dedicated live studios. The first was in Lithuania and the second was in Pennsylvania. Establishing a state-of-the-art live dealer studio in the United States means that they will be able to maintain a solid presence as the US online gambling landscape continues to change.
About Big Time Gaming
Australia-based Big Time Gaming was established in 2011. The company wasted no time trying to gain a foothold in the industry against software giants like Microgaming, Playtech and NetEnt. With a founding team that includes gaming industry veterans like Nik Robinson and Huw McIntosh, it’s no surprise that the company could hold its own.
BTG works tirelessly to maintain a regular launch schedule for new and diverse games. They pride themselves on being player-focused and boast frequent wins as a selling point to their slot titles.
Some of their most popular titles include the Megapays title Bonanza, Extra Chilli, White Rabbit, Who Wants to Be a Millionaire and the Wheel of Fortune Megaways slot. Some of their other slots, such as the King of Cats title, offer a unique Playerselect feature where there are two varieties of play to choose from, and players can choose after each spin.
The BTG portfolio is filled with games that have great graphics, interesting themes and engaging features to keep players coming back for more. This, combined with a seamless gaming experience, makes their library of titles a big asset to Evolution.
About Evolution Gaming
Evolution Gaming was founded in 2006. Despite their long history, they are still one of the leading B2B live casino system suppliers in the industry today. So far, the Swedish company has expanded into nearly every online gambling market in the world.
They have a long and well-respected history of providing top-tier online casino solutions to operators. For the past 15 years, Evolution has partnered with online and land-based casinos. Many of their partners are top names in established markets, which lends even more weight to their name. They are always looking for ways to maximize their reach into new spaces.
Evolution remains an industry leader because they are able to anticipate how new and re-regulated markets will behave. This allows their partners to gain a solid presence early on. Cornering the early market share is an integral part of their successful expansion strategy.
The company also recognizes that live casino offerings are rapidly becoming an extremely important feature of the most popular online casinos. They understand the importance of pivoting to this fast-growing segment of the industry. This is why they are already working on solutions to improve the technology and develop a winning strategy for gaining early market shares.
Evolution is also devoting resources to exploring newer and better distribution channels for live dealer markets. They have already begun to implement dedicated live dealer studios in markets like Lithuania and the United States.
Their award-winning and innovative business strategy and relentless pursuit of growth has led them to develop one of the most comprehensive product portfolios in the industry.