
Evolution, a leader in the live-stream casino games, has been in the spotlight lately for acquiring a renowned slots developer NetEnt for €1.87 billion and with it a fast-growing slots studio Red Tiger which had just merged with NetEnt. Today the iGaming behemoth has announced that it has entered into an agreement to acquire Big Time Gaming for a total consideration of up to EUR 450 million, payable in cash and Evolution shares. It is yet to receive regulatory approvals and is expected during Q2 2021. When approved, Evolution will become a dominant force in the online slots provision as it is now in the live casino. See highlights of the full report below for Evolution’s strategic rationale and financing of the biggest deal of 2021 so far.