Evolution Gaming was long known for live casino tables, having become a leading force in the live gambling niche. In 2020, the company announced stunning news: Evolution Gaming would acquire NetEnt, a famous game developer who’s known in the gambling industry for amazing slot machines such as Gonzo’s Quest or progressive slot machine Mega Fortune.
Evolution made an offer to buy the company for approximately 2.1 billion dollars and started the total merger and company’s integration in December 2020.
Evolution’s spokesperson said that after this integration, the company will become a leading online gaming provider. This is truly no exaggeration because NetEnt was already known as the leading slot machine provider while Evolution has dominated the live gambling niche. These two joining forces leave little competition for other companies, despite Playtech staying very close on their heels.
What makes the merger that much more fascinating is Evolution’s background. While NetEnt has worked in the industry for decades, Evolution is a newcomer that popped into the gambling scene in recent years. However, the company has grown massively, achieving revenue of approximately 410 million dollars in 2019.
Today, you can already enjoy the rewards of the merger as the joined company has gone on to produce new games, expanding the legendary Gonzo’s Quest slot machine line as well. Evolution and NetEnt together a force to be reckoned with – even such a big force that big players like Microgaming and Playtech have now something to be afraid of.