#Carlesund

Evolution has opened a new live gaming studio in Connecticut. The company has hired 140 employees. It will offer live dealer games on FanDuel and DraftKings iCasino platforms. Gov. Ned Lamont praised the development. The full launch is scheduled for July 18, 2022. Connecticut laws require Evolution to operate in an in-state facility. Evolution's revenues in the fourth quarter of 2021 increased by 69%. It is driven by strong global demand for Live Casino. Its revenues also increased due to increased revenue from the RNG business.

Evolution bought slot developer Nolimit City. The company wants to be a one-stop shop for online casino operators. Its RNG division has underperformed expectations so far. Noliimita's games with darker themes are their most popular. They focus on quality and innovation, rather than quantity of output. This is why they are unique in terms of production and imagery. It also explains why their content appeals to advanced slots players. Evolution acquired NetEnt in 2020. After that, it scrapped the existing games launch pipeline. There will be fewer new launches in the near term.

Evolution has entered into an agreement to acquire Nolimit City, a leading producer and developer of online slot games. Evolution's wholly owned subsidiary, Evolution Malta Holding Limited, will acquire the entire issued share capital of Noliaim City Holding Ltd for an upfront consideration of EUR 200 million. With earn-outs of up to EUR 140 million, the total consideration can amount to up of € 340 million payable in cash.

Evolution is the only live dealer provider in Pennsylvania online casinos.

NetEnt and Evolution Gaming have posted strong Q2 results. The lack of sporting events during the pandemic shifted gambling dollars to online casinos.

This week's round-up from Gaming Intelligence features Evolution, Yggdrasil, Relax Gaming, Pragmatic Play, Greentube, Scientific Games, ORYX Gaming and Playtech.

Evolution on Tuesday hosted an online event at which it showcased 25 new online casino games from its Group brands. The 25 games are part of ‘THE GREAT 88’, an Evolution initiative that will see 88 games released by the Group in 2022. The first tranche of new games encompasses live casino, live game shows and slots titles. There are also big-brand tie-ins for games and homegrown titles from the Evolution, NetEnt, Red Tiger and Big Time Gaming brands, as well as sequels to successful games.

Evolution Gaming reports a period of high activity. The gaming business continues to benefit from an expanded product catalogue and games selection. Big Time Gaming enjoyed success during the quarter after being fully consolidated into the group’s operations. Europe remains the company's largest market. North America is one of the smaller markets. The company has successfully launched in US jurisdictions such as Michigan and Connecticut and the newly regulated Canadian province of Ontario. In Europe the Netherlands has been underscored as a strong market and is the largest European market with €25.6 million.

Evolution Gaming has experienced a 53% growth in revenue year on year. The company has a live dealer studio opening in Michigan. The third quarter of 2021 saw operating revenues up 97% to EUR 276 million and EBITDA increasing 113%.

Evolution has entered into an agreement to acquire the business of DigiWheel. Digiswere the world's first HD spinning gaming wheel. The acquisition will be an all-cash deal with a total up-front consideration of €1 million (USD $1,18 million). Evolution will pay an earn-out payment based on Digsware's EBITDA for three years. Completion of the transaction is planned for late 2021. Digieswhere's digital technology will blend into Evolution's online Live Casino games and game shows.

Evolution Group will buy DigiWheel for €1 million. Digis Wheel is a 360-degree, completely spinning HD gaming wheel that can also be used to play a live internet game.

Evolution will pay €1 million for DigiWorld. The studio will receive an earn-out payment based on the studio's net income for the third year following the transaction's closure. DigicWheel was founded in 2010 by gambling industry veteran John Purcell. Its product offers a 360-degree, fully rotating HD experience that can operate as a live online game.

Evolution will buy DigiWheel for €1m in cash and an earn-out payment based on Digicewell's net income for the third year following closing. Digigewill will operate as a brand within the Evolution Group. Evolution shares were trading 1.33% higher at SEK1,492.00 per share in Stockholm on Friday morning.  Digi wheel is a unique, 360 degree, fully rotating HD gaming wheel that can operate in live online game.

Evolution has been approved to host online casino games with a live dealer in Michigan. The new format was launched on Thursday. BetMGM, FanDuel and DraftKings are planning to adopt a similar approach in the future. It is the first time such a hybrid approach between live and online gambling has ever been adopted by the state. There will be three games at first, but it is not outside the realm of possibility to include more games.

Evolution AB reports a 115% jump in second-quarter core earnings. The company bought Swedish rival NetEnt for $2.12 billion last year. It makes online slot machines and roulette games. The pandemic has slowed down expansion plans. However, the situation is improving. CEO Martin Carlesund expects to maintain the current margin.

Evolution shares have jumped 170% over the past year. Its market value is now 314 billion crowns ($38 billion) compared with less than 3 billion when it listed in 2015. Evolution produces and licenses live casinos to gaming operators. It bought Swedish rival NetEnt for $2.12 billion last year and plans to be present in all regulated gambling markets. Online casinos will outstrip physical casinos within 15 years. According to H2 Gambling Capital, the casino market will expand by 90% to 231 billion euros by 2036.

Aditya Bhushan has taken over the chief technology officer (CTO) role at NetEnt. Tobias Palmborg left the company last September 4. Bhushen was previously the director of the game platform and the managing director at the Netent India. He started his career as a software engineer at Nagarro Software AB in 2003 and later at Adobe Systems as the computer scientist.

Super Group will combine with Sports Entertainment Acquisition Corp and apply to list its shares on the New York Stock Exchange under the ticker symbol 'SGHC'. LeoVegas will appeal a warning and SEK 2m penalty from Swedish Gambling Authority. GambleAware released its five-year organisational strategy. The effect of COVID-19 is devastating. It is based on Money Laundering Act. According to the Act, the ceiling for this type of infringement is €1m.

Evolution Gaming has received a national manufacturer license from the Western Cape Gambling and Racing Board. The Stockholm-headquartered supplier of Live Casino solutions will roll out its products and Ezugi's to licensed gaming operators in South Africa.

Evolution Gaming's revenue hit €115.1m in the three months ending March 31. Earnings were up 79% to €64. 1m. Profit up 90% to $54.2m, growth was strongest in Asian markets. Rest of Europe revenue was up 50%, North America revenue up 54%. UK revenue fell one-fifth to £9.9m and Nordic revenue flat. Evolution temporarily shut its studios in Georgia and Spain due to the COVID-19 pandemic. The Georgian studio was reopened on April 4.

US Online Casinos Drive Revenue Growth For NetEnt and Evolution Gaming. Netent generates more revenue from North America than its home Swedish market. Evolution sees more US revenue than the entire Nordics region.