Evolution Expands iGaming Family With Livespins

Article by : Milena Petrovska Feb 8, 2024

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Evolution has announced that it completed the purchase of Livespins.

Livespins is an innovative social streaming game provider that allows players to bet behind on streamers, influencers, and brand ambassadors. With this development, Evolution increases its influence in the iGaming industry and reaffirms its leadership status.

The company also increases its portfolio with yet another creative and attractive solution for casino and betting operators.

Set for Completion in First Half of 2024

Evolution’s official statement on the acquisition came on February 6, 2024. It read that the transaction was set to be completed entirely in H1 of this year.

Per the agreement, a €5 million up-front cash payment was set to take place. Additionally, Evolution will pay and earn based on the performance of the said provider in 2026.

The chief product officer at Evolution, Todd Haushalter, shared a few words on the development. He stated that Livespins offered a “whole new way to play online casino games.” He also added that the unique way of gaming was what attracted Evolution’s attention.

Haushalter revealed that the acquisition was on the company’s radar for some time.

The CPO went on to note that when the opportunity knocked on the door, things were finished quickly. In terms of integration, Haushalter said that Livespins would receive Evolution’s distribution power via its One Stop Shop.

Massive Achievement for Livespins

Chris Scicluna, the CEO of Livespins, also shared a few words. He stated that the taking-over represented an “unprecedented milestone for Livespins” and that he was extremely delighted to join Evolution’s family.

Scicluna noted that even though Livespins’ portfolio featured over 40 products, the company was still in its early, start-up phase. In conclusion, he stated that everyone at Livespins was convinced that the products of the provider had what it took to “revolutionize the industry.”

Livespins’ process of integrating into a casino is via an API. It allows players to place a “bet behind” on a streamer, and if the streamer wins, so does the player.

Busy Period for All Evolution-Owned Brands

The acquisition of Livespins was just the start for 2024, according to Evolution.

The company has a major strategy for the year as it plans to unveil over 120 new casino games at ExCeL London. The event will take place between February 6 and February 8 in London.

The stand will showcase new products from all providers under its wing: NetEnt, Red Tiger, Ezugi, Nolimit, DigiWheel, and Big Time Gaming. There’s no information on whether Livespins’ products will be featured at the stand.

One of the biggest games to debut during the convention is Lightning Storm. DigiWheel’s patented technology will power it, and it will offer instant payouts as well as five in-game bonuses, one of which is set to be a major multiplier.

DigiWheel’s technology will debut one more game – Lightning Dragon Tiger. This variant will also feature multipliers and fantastic visuals, per Evolution’s statement.

Ezugi will premier Fortune Pusher, while NetEnt will introduce the public to Cursed Treasure and RAGE. Red Tiger will release the sequence to Primate King – Primate King Megaways. The creator of the famous Megaways mechanic, Big Time Gaming, will premiere Trigger Happy.

As for Nolimit City, the studio will stand its ground with Fire In The Hole 2, a sequel to the 2021 release Fire In The Hole.

Haushalter said that the roadmap for 2024 further proved why Evolution was the best in the business. He added that the new releases would feature something for every taste. His statement concluded by saying that everyone at Evolution couldn’t be more excited for the games to hit the market.