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Evolution AB Completes $85 Million Acquisition of Galaxy Gaming, Strengthening US Market Presence
ByAinvest
Thursday, Jul 18, 2024 4:32 pm ET1min read
Evolution AB has agreed to acquire Galaxy Gaming for approximately $85 million, enhancing its position as a leading provider of casino games. This acquisition integrates Galaxy Gaming's innovative table games and technology into Evolution's offerings, expanding its presence in the US market and solidifying its position as a top licensor in the online gaming industry. Both companies will operate as separate entities, with Evolution intending to retain Galaxy Gaming's management and staff.
Evolution AB, a leading provider of casino games, has recently agreed to acquire Galaxy Gaming for approximately $85 million [1]. This strategic move enhances Evolution's position as a top licensor in the online gaming industry and expands its presence in the US market.Galaxy Gaming, known for its innovative table games and technology, will be integrated into Evolution's offerings. The acquisition provides Evolution with access to a diverse range of table games, including 21+3™, Perfect Pairs™, Lucky Ladies™, Double Ball Roulette™, Texas Hold’em Bonus Poker™, and Caribbean Stud™ [1]. These popular games will undoubtedly appeal to Evolution's extensive customer base.
The integration of Galaxy Gaming also solidifies Evolution's position as a leading provider of casino games in the US market [1]. This acquisition comes after Evolution extended its licensing agreement with Galaxy Gaming for ten years, further strengthening the two companies' partnership [1].
Both companies will continue to operate as separate entities, with Evolution retaining Galaxy Gaming's management and staff [1]. This approach allows for a smooth transition and ensures that the unique strengths of each company are maintained.
Evolution's acquisition of Galaxy Gaming builds upon the companies' existing success in the online gaming industry. With Evolution's extensive portfolio of top-performing and innovative titles and Galaxy Gaming's world-famous table games, players can expect an even more diverse and exciting range of gaming options [1].
References:
[1] Galaxy Gaming and Evolution Extend Licensing Agreement for 10 Years. (2023, May 16). GlobeNewswire. https://www.globenewswire.com/news-release/2023/05/16/2650359/412/en/Galaxy-Gaming-and-Evolution-Extend-Licensing-Agreement-for-10-Years.html
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