Author:

Tony Hawke

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Evolution Strikes a Deal to Acquire Big Time Gaming for €450m

The acquisition of Big Time Gaming, known for popular titles like Extra Chilli and Bonanza, as well as their innovative Megaways mechanics featured in over 200 games, will further strengthen Evolution’s gaming portfolio and solidify its position as a global leader in the iGaming market.

“We are thrilled to join forces with Big Time Gaming and continue our mission to provide unique player experiences,” stated Jens von Bahr, Chairman of Evolution.

“Both Big Time Gaming and Evolution share a passion for innovation, making this partnership an ideal match. We look forward to delivering exceptional content for our players,” added Nik Robinson, CEO of BGT.

This deal comes just months after Evolution’s acquisition of renowned iGaming software developer NetEnt, which was completed in November 2020 for an estimated value of SEK19.60bn/€1.91bn/£1.72bn/$2.30bn.

The initial offer to acquire NetEnt was made by Evolution in June 2020 with the goal of becoming a dominant player in the iGaming industry. The addition of Big Time Gaming further strengthens this objective.

In February 2021, Evolution reported impressive financial results for the previous year, with a revenue increase of 53.4% to €561.1m and a profit of €283.6m, a 90.1% increase from 2019.