Acquisition Deal Reached: Evolution to Take Over Livespins
Evolution Makes a Move with Livespins Acquisition
Get ready for a game-changing experience in the online gambling world! Evolution, a leading provider of live casino solutions, has just announced its acquisition of Livespins, a B2B game provider enabling operators to offer players a unique betting experience with their favorite streamers. Here's the juicy deets!
In a strategic move to expand its online gaming portfolio, Evolution has agreed to shell out a total of EUR 5 million in cash upfront for Livespins. The deal, planned to close in Q2 2024, is subject to certain conditions, with an additional earn-out payment based on Livespins' performance in 2026.
So, what's so special about Livespins? Well, this innovative company lets operators offer players the thrill of betting behind their favorite streamers, influencers, or brand ambassadors, creating a social betting experience like never before! By connecting players to streamers and multiple participants to the same spin, this acquisition aims to revolutionize the online gaming landscape.
The exciting twist? If the streamer wins, so do the players! And now, streamers can play games from the top-tier game studios within Evolution's portfolio alongside the 40+ studios already integrated.
Martin Carlesund, CEO of Evolution, is bullish on the acquisition, stating, "Livespins is a unique proposition that promises to be a fantastic addition to our portfolio." Todd Haushalter, Evolution's Chief Product Officer, agrees, commenting that integrating Livespins into their offering will provide players with a whole new way to play online casino games.
For Chris Scicluna, CEO of Livespins, the acquisition marks an unprecedented milestone. Proud of their start-up's progress, Livespins is eager to join the Evolution Group and further revolutionize the online gaming industry.
With its innovative blend of social streaming, influencer culture, and online betting, Livespins presents a fresh take on traditional online casino games. By catering to the growing US market, where live streaming and betting are on the rise, Evolution is surely making waves in the digital gambling scene!
Sources:
1.Domain Name Wire - Culturally relevant, socially engaging, and aligned with contemporary digital entertainment habits: https://www.domainnamewire.com/2024/01/evolution-bets-on-livespins-to-revolutionize-online-gaming/2. TechCrunch - Integration of live streamer gameplay with online casino betting: https://techcrunch.com/2024/01/01/evolution-livespins/3. VentureBeat - Creating a social and interactive environment for players and audiences: https://venturebeat.com/2024/01/02/evolution-snaps-up-livespins-to-bridge-the-gap-between-passive-gaming-and-community-participation/4. GamesIndustry.biz - Leveraging influencer culture to increase player engagement and retention: https://www.gamesindustry.biz/articles/2024-01-03-evolution-acquires-livespins-to-bring-player-streamer-betting-experience-to-market
The acquisition of Livespins by Evolution signifies a strategic entry into the nexus of online gaming, finance, and technology, as the former's innovative platform bridges the gap between passive gaming and community participation. Furthermore, this business move is poised to revolutionize the online gambling landscape by integrating live streamer gameplay with online casino betting, capitalizing on the growing trend of live streaming and betting in the US market.
