Examples include:īig Time Gaming, meanwhile, is responsible for the popular Megaways, Megapays and Megaclusters mechanics. NetEnt is responsible for several slots titles you’ll see featured prominently at most US online casinos. Topping the list are NetEnt and Big Time Gaming. Most of those brands also came to Evolution by way of acquisition. However, many of the top slots titles in the US also come from Evolution and its subsidiaries. It enjoyed an effective monopoly on that space for many years and remains the dominant force even in the face of competition from Playtech. In the US, the Evolution name is most closely associated with live dealer casino games. Evolution’s Impressive Catalogue of Slots Brands In an industry where differentiation is tough to come by, the acquisition of Nolimit City seems like a relatively affordable, longshot bet for the much-larger Evolution, with the potential for a considerable payoff. However, it has carved out a niche by taking risks no other developer is willing to, with gritty themes and a stark art style that runs against the grain of mainstream slots design.
Nolimit City is a tiny company by comparison. For comparison, Aristocrat Leisure has a capitalization of about $15 billion, while Light & Wonder (formerly Scientific Games) and IGT are in the single-digit billions. Worth roughly $19 billion, it’s the biggest in the supplier space. I am proud that yet another of the very best minds in our industry has chosen to join the Evolution network.Īs it stands, Evolution is already the world’s second-biggest gambling company by market capitalization, after Las Vegas Sands. We have followed Jonas, Emil and their team for a few years and been impressed as they have established a completely new style of slot games. With the addition of Nolimit City to the Evolution family we extend our portfolio of truly innovative and cutting edge games from the top brands and game makers in the industry. If maxed out, these could make the deal worth €340 million ($358 million) in total.Įvolution’s chairman, Jens von Bahr, said in a press release: The deal is worth an immediate €200 million ( $210 million) in cash, plus additional payments contingent on performance. It announced today that it would acquire the unique slots developer Nolimit City. B2B gambling giant Evolution is growing bigger still.
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