Evolution Quest to Buy NetEnt Clears CMA Hurdle
Evolution has secured regulatory approval to buy online casino supplier NetEnt. The UK Competition and Markets Authority gave the go-ahead to the deal. Malta Competition & Consumer Affairs Authority also approved the transaction. The CMA will issue its decision on the acquisition on November 16. Evolution specializes in the provision of Live Casino products and Netent has a multi-product portfolio that includes online slots and table games and live casino products.
Evolution extended the acceptance period for the offer to purchase NetEnt up to and including November 20. Evolution and Net Ent are well-positioned to take market share in the live casino vertical and the online slots sector. Netent recently announced a partnership with Scientific Games and integrated a slew of its most popular games onto its partner’s OpenGaming platform.