Evolution, the live casino powerhouse, has officially snapped up streaming game provider Livespins for a cool €5 million. This acquisition involves a mix of cash upfront and a future earn-out pegged to Livespins’ performance in 2026. The deal is set to go down in the first half of the year, but naturally, there are some conditions that could throw a wrench in the works.
What drew Evolution’s attention to Livespins? Well, Evolution is all about upping the ante when it comes to gaming innovation. Livespins fits snugly into this vision by merging online casino action with live streaming. This allows viewers to wager alongside their favorite streamer or influencer. It’s a win-win situation: if the streamers rake in the wins, so do the users. This turns the game into a thrilling social affair.
Todd Haushalter, the brains behind Evolution’s products, couldn’t contain his excitement: “ Playing along with a streamer is a whole new way to play online casino games. This was on our roadmap, so when the opportunity with Livespins arose, things moved quickly. ”
Haushalter went on to explain the game-changing potential of this union: “Bringing together the fantastic tech, processes and know-how of the team at Livespins with Evolution’s huge game portfolio, we will provide Livespins immediately with unparalleled distribution power via our One Stop Shop (OSS) integration. ”
He wrapped up with a nod to the undeniable allure of live streaming in the online casino realm: “ Twitch, YouTube, and other platforms have proven the popularity of live streaming while playing online casino games. We think players would love to play along with them and now that will be possible, right from the Evolution lobby. ”
Over at Livespins, CEO Chris Scicluna couldn’t be happier about the deal: “ Although we have content from 40-plus studios already integrated, we are still in a start-up phase, so to attract the attention of Evolution is incredible. It’s also a reflection of all the hard work that our team has poured into this concept, and the unwavering belief that the Livespins product would revolutionize the industry. ”
Good luck and have fun!