Evolution Gaming Expands Live Casino Portfolio with Acquisition of Arcadia Gaming Solutions
Date: 2024-09-13 Author: Alex Crawford Categories: CASINO
Evolution Gaming has announced the strategic acquisition of Arcadia Gaming Solutions, strengthening its position in the live casino market. Arcadia is known for its unique technology that allows players to control physical arcade machines remotely in real-time. The deal is part of Evolution’s commitment to expanding its portfolio of innovative solutions for the gaming industry.
Arcadia is an innovator in creating engaging products
The deal includes an upfront payment of €2.5 million (US$2.77 million), with the option to make an additional payment based on the performance of Arcadia’s games by 2027. The transaction is expected to close in the second half of 2024, subject to all necessary regulatory approvals and conditions, as is standard practice for such transactions.
Arcadia Gaming Solutions has established itself in the online gaming market with products that combine the experience of physical arcades with online casinos. One of the company's first games was Fortune Pusher, which allows users to remotely control a coin-operated machine, creating an engaging and interactive experience through HD streaming video.
Arcadia's innovative technology allows users to interact with a physical slot machine in real time, providing a unique online gaming experience.
Evolution Gaming Statement
Evolution representatives note that Arcadia's technology, based on B2B video streaming solutions, fits perfectly with the company's strategy to expand its range of live gaming offerings. Integrating arcade elements into online casinos will help Evolution attract a wider audience, including those looking for unique gaming experiences.
Evolution Gaming is a leader in innovation in the gaming industry
This deal is another step towards strengthening Evolution's position in the market. The company also recently acquired Galaxy Gaming for $85 million, highlighting its growth ambitions, particularly in the competitive US market, where it plans to dominate with its cutting-edge technology and exclusive gaming offerings.
Evolution’s global presence will allow Arcadia to leverage its technology in multiple markets, but its primary focus remains on North America. For example, Evolution’s partnerships with BetMGM and Borgata in 2023 showcased the company’s innovative approach, connecting casino patrons and online gaming enthusiasts through the use of cutting-edge technology.
With the acquisition of Arcadia, Evolution will gain new technological capabilities and will be able to introduce new live gaming formats that bridge the physical and digital worlds. The deal is fully in line with the company’s strategy to drive innovation and provide its customers with the highest quality gaming experiences worldwide.
