Evolution is the world's largest live casino supplier, headquartered in Stockholm and listed on Nasdaq Stockholm, streaming live dealer games and game shows from studios in Latvia, Malta, Georgia, Spain, Canada, the United States, Armenia, Romania, Lithuania and other locations to online casino operators worldwide. Founded in 2006, it expanded into random number generator games through the acquisitions of NetEnt and Red Tiger in 2020, Big Time Gaming in 2021 and Nolimit City in 2022, and supplies titles such as Lightning Roulette, Crazy Time and Monopoly Live alongside those studios' slots. An agreed takeover of the US table games developer Galaxy Gaming was terminated by Evolution in July 2026, with Evolution owing Galaxy a termination fee of about 5.2 million dollars. Evolution holds supplier licences across Europe, North America, Latin America and Asia and employs more than 20,000 people.
Evolution trades as EVO on Nasdaq Stockholm and carries 11.89% of the iGT 25 iGaming stock index.
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Evolution has walked away from its roughly $85 million takeover of Galaxy Gaming after two gaming regulatory approvals failed to arrive by the deadline, triggering a $5.23 million termination fee payable within two business days.
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