Evolution Gaming acquires Nolimit City

Evolution Gaming still going strong

Evolution Gaming is out shopping again and this time it’s Nolimit City in the shopping cart. A few months ago it was announced that Evolution has entered into an agreement to buy up all the shares in Nolimit City Holding for a sum of 200 million euros. The agreement also includes an earn-out part of a maximum of 140 million euros based on the years 2022, 2023 and 2024 and these will be paid in 2023, 2024 and 2025. This part of the agreement may suggest that Nolimit City had somewhat higher thoughts about the company’s value than Evolution Gaming had.

So with this trade in place, Evolution has expanded its company further in the slot machine market, where they already had NetEnt and Red Tiger in 2020 and Big Time Gaming in 2021. Ezugi, which is another live dealer, was acquired already in 2018.

The acquisition is part of Evolution’s strategy to become the world’s leading provider of casino games and to provide its customers with the very best gambling entertainment.

Jens von Bahr, who is chairman of the board of Evolution, stated about the acquisition of with this acquisition and by adding Nolimit City to its portfolio, Evolution increases its portfolio of truly leading and innovative games from the best game developers in the industry.

Jonas Tegman, who is one of the founders of Nolimit City, for his part says that he could not imagine a better match between two companies than precisely Nolimit City and Evolution Gmaing, which are completely aligned in terms of human resources, product and technology and also how the job must be done. The gaming world is undergoing mass change and we look forward to meeting the challenge of global expansion together with Evolution.

So it will be exciting to see what plans Evolution Gaming has for Nolimit City going forward. Although if we are to look at Red Tiger and Big Time Gaming, there will be little change for us players. Because here it has been business as usual and a steady launch of new games for new casinos in 2023 which keeps the same line as before the acquisition.