Evolution, the leader of live gaming, recently finalized its acquisition of Livespins, a live slot streaming software provider. The deal, which took place via its subsidiary company, Evolution Malta Holding Limited, involved an upfront cash payment of €5m and an earn-out deal based on Livespins’ performance in 2026. The acquisition is set to be completed in the second quarter of 2024, subject to closing conditions.
This move is part of Evolution’s Product Leap strategy, aimed at strengthening its position in the market and expanding its game selection. The addition of Livespins’ live slot streaming software will introduce a new social category of live entertainment to Evolution’s offering.
CEO of Evolution, Martin Carlesund, expressed excitement about the unique engagement metrics and player interaction provided by Livespins, emphasizing the value it will add to the company’s game offering. Livespins CEO, Chris Scicluna, also shared his joy regarding the acquisition, stating that joining the Evolution Group is a significant milestone for Livespins.
As part of the acquisition, a selection of games from Evolution’s portfolio will be made available through Livespins. This acquisition comes at a time when Evolution’s net profit has surpassed €1 billion, driven by the growth of its live and RNG sectors. However, there have been concerns about Evolution’s RNG sector, with criticism directed at its acquisition of NetEnt and the subsequent performance of the RNG games released.
While live casino revenue has seen a significant increase, the RNG revenue has only experienced a modest growth, with a decline noted in the fourth quarter. The future of Evolution’s RNG sector and the impact of the Livespins acquisition on its overall offering remain to be seen.
As the livespins acquisition is still in progress, several FAQs have been answered regarding the inclusion of additional games in the Livespins offering, the expected completion date of the acquisition, and the performance of Evolution’s RNG sector.