Last updated: May 21, 2024
Evolution Gaming’s €5 million acquisition of Livespins sets the stage for Livespins to integrate into Evolution’s portfolio, operating under its established brand.
With Livespins’ unique proposition and solid player engagement metrics, Evolution anticipates enhancing its streaming capabilities and game offerings, revolutionizing the online casino gaming industry.
The deal is scheduled to be completed in the second quarter of this year after a few closing conditions.
According to the deal, Livespin will sit under Evolution Group’s umbrella using its reputable brand. In parallel with the Evolution, NetEnt, Red Tiger, Ezugi Big Time Gaming No Limit, and Digiwheel brand names will continue to be.
The deal has further excited Evolution CEO Martin Carlesund, who says that the acquisition of Livespins is an excellent addition to the portfolio due to its vital engagement metrics and player adoption. Evolution was pleased with the deal it agreed to, according to Carlesund – this speaks of its leadership in identifying leading-edge technology.
Streamers of Evolution will be given access to all the company’s game studios and more than 40 other studios that have joined the fold after purchase.
The evolution plan includes the novelty of interacting with streamers while playing online casino games, which Chief Product Officer Todd Haushalter accentuated. He explained how Livespins’ expertise will be integrated into Evolution’s entire game library to achieve unparalleled power distribution via OSS integration. Having the players involved in live streaming right from the Evolution lobby, Haushalter seemed certain that this feature would be a hit on sites like Twitch and YouTube.
Reacting to the partnership, CEO Chris Scicluna Livespin said it benefited all parties. He noted Livespins’ enthusiasm towards joining Evolution Group and remarked that the agreement inspired his company. Scicluna praised the team’s dedication and confidence in the product as transformational since day one.
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