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Evolution ready to add Big Time Gaming to their growing list of acquisitions

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Evolution makes moves to acquire Big Time Gaming. They are taking the industry by storm this year with several acquisitions and changes.

If there is one industry where the clock never stops running it is the online casino industry.

Each day comes with ample opportunity for change, progress, and events within the iGaming industry.

Evolution is making a move to acquire Big Time Gaming and revitalise the NetEnt portfolio.

Acquiring Big Time Gaming

Evolution Gaming is taking the industry by storm this year with several acquisitions and changes. Now the industry leader is entering an agreement whereby it will acquire Big Time Gaming.

Big Time Gaming is a well-established game provider known for its innovation and leadership in slot game creations. Almost every online gambler has tried their hand at playing the popular slots, Bonanza and Extra Chilli. They would also have had the opportunity to enjoy the benefits of playing a slot with the Megaways game mechanic.

Jens von Bahr reveals that adding Big Time Gaming to their portfolio of slot brands is a strategic move to strengthen their position as the leading provider of digital games in the world. BTG is a great fit as it shares the mindset of providing players with a unique and innovative gaming experience. Big Time Gaming CEO, Nik Robinson shares the belief that they are a perfect match considering their innovative drive. Robinson mentioned that there is a bright and entertaining future ahead.

Big Time Gaming brought in revenue of €33m with an EBITDA of €29m back in 2020. As such it is expected to contribute positively to Evolution's 2021 EPS.

According to the acquisition details, the 'earn-out consideration' is payable in 70% cash and 30% Evolution shares. The transaction will be complete once regulatory approvals are in place.

Evolution Gaming's plans for NetEnt

Evolution is dedicating its effort to making a noteworthy acquisition to increase its ranks and expand its global reach. NetEnt is one of the most recent acquisitions made in the last quarter of 2020.

Evolution is the industry leader when it comes to live casino releases and with the acquisition of NetEnt and now Big Time Gaming it will also make its mark in slot gaming.

The industry leader is dedicating its efforts to increasing player entertainment and advancing the brands. One of the goals in terms of NetEnt is to inject the legacy portfolio with a new lease of life. The first move was to scrap the Swedish developer's existing roadmap for game releases.

Evolution Gaming's CPO Todd Haushalter pulled the plug on a number of NetEnt slots. This includes various slots that were about to launch in casinos after nearly three quarters of the year in development. One of the main focuses at the moment will be to add more fire to some iconic NetEnt games. This includes the release of a highly volatile Starburst slot set to revitalise the NetEnt portfolio.

A promising future 

With the dedication to creating innovative, industry-leading content Evolution is shifting the focus towards quality over quantity. Like NetEnt, Big Time Gaming has a lot of exclusive content and features that will drive Evolution forward.

This includes a range of branded slots such as Monopoly Megaways and Who Wants to be a Millionaire Mystery Box. On top of that, features such as Megaways will drive their success along with other offerings.

It is not entirely clear what the plans are, but one thing is certain, there are a whole lot more unique and innovative games and features to come from this promising partnership.

Published: April 14, 2021

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Article by Stelly

CasinoWow Contributor

Hey there! I am Stelly, and happily, I'm part of CasinoWow's content team. It excites me to be able to write and share with all gambling enthusiasts unbiased reviews and news that contribute to the gambling community and industry. Thankfully, I also have the chance to help you make an informed choice for casino brands and games, as well as provide interesting guides and news.

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