Evolution to Acquire Livespins in a $5.4M Deal

Evolution, a leading player in the B2B casino solutions industry, has made waves by announcing its acquisition of Livespins in a deal worth approximately $5.4 million. Livespins is an innovative platform that allows players to engage with their favorite streamers, content creators, and brand ambassadors while betting, creating a dynamic social betting experience. Players can chat, use emojis, gifs, and even customize their bets, enhancing the interactive aspect of online gaming.

This strategic acquisition is aligned with Evolution's Product Leap strategy, reflecting their commitment to innovation and boundary-breaking in the gaming industry. Livespins will become a part of the Evolution Group, joining the ranks of NetEnt, Red Tiger, and other notable entities, strengthening the group's product offerings.

The transaction is expected to close in the second quarter of 2024, pending certain closing conditions. Evolution's CEO, Martin Carlesund, expressed excitement about the deal, emphasizing Livespins' ability to drive engagement. Todd Haushalter, Evolution's Chief Product Officer, sees Livespins as a game-changer in online gaming, thanks to its innovative approach.

Livespins' CEO, Chris Scicluna, considers this acquisition an "unprecedented milestone" and a reflection of their team's dedication. With Livespins' track record of distribution deals with other industry leaders, this move is poised to reshape the landscape of social betting and online gaming.