Evolution and Big Time Slot Developers Have Agreed to Be Bought

The leading gaming software provider, Evolution Gaming Group, has just announced that it will be expanding its offerings. The slot machine developer has agreed to be bought out by the content supplier.

Evolution Gaming Group AB (publ) ("Evolution") has agreed to buy all of Big Time Gaming Pty Ltd's issued stock for up to $534.8 million in cash and Evolution shares.

So far, here's what we know!

The overall up-front consideration for Evolution Gaming produces and licenses casino games such as online slot machines and roulette games.

Following the acquisition of NetEnt, a Swedish online slots powerhouse, late last year, Evolution is expected to grow its business by acquiring another prominent slots manufacturer.

On Monday, the company announced that it had reached an agreement to buy Big Time Gaming, a maker of online casino games (BTG).

Evolution Gaming Group AB is one of the most well-known developers of live-dealer online casino games globally, having invested slightly more than $2 billion to acquire fellow Swedish iGaming innovator NetEnt AB last year. 

Big Time Gaming has made a name for itself in the world of online slots. With titles like Extra Chilli and Bonanza and the successful introduction of the mega mechanic's mechanics, which enables players to enjoy over 100,000 pay lines, Big Time Gaming has become well-known. Many of NetEnt's games, including the all-time classic Gonzo's Quest, have already been reworked to include mega ways.

"Evolution and Big Time Gaming are a perfect match because both are powered by innovation. Our players have an exciting and promising future ahead of them." – Nik Robinson, CEO of Big Time Gaming.

For his part, Nik Robinson, the Chief Executive Officer of Sydney-based, reported that his company earned around $34.5 million in earnings before interest, taxes, depreciation, and amortization last year on aggregated revenues of $39.3 million. 

He went on to say that his company's titles include fan favourites like Extra Chilli and Bonanza, as well as the Megaways game mechanic, which has been incorporated into over 200 video slots from various developers around the world.

"We're bolstering our position as the world's leading supplier of digital casino games by adding Big Time Gaming to our portfolio of slot brands."

Big Time Gaming CEO Nik Robinson, understandably, was ecstatic to hear the news. Both Evolution and BTG, according to Robinson, are guided by a desire to innovate and improve the overall experience, making them a great match.

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