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Evolution-Owned Entities Join Forces On Social Live-Streaming Platform

Posted on May 7, 2024 | 8:22 am
livespins_partners_with_nolimit_city_following_evolution_acquisition

The recent acquisition of Livespins by the Evolution Group has led to a significant development in the realm of social live-streaming platforms. Livespins, known for its innovative approach allowing users to bet alongside streamers, has capitalized on Evolution’s resources by incorporating Nolimit City into its game selection.

The inclusion of Nolimit City brings a range of slot games to the Livespins platform. From titles like “Mental” to “Fire in the Hole” and “Tombstone RIP,” Nolimit City’s games promise diverse experiences for users and streamers.

Livespins’ interactive betting feature enables users to place bets while watching their preferred streamers. This feature transforms the viewing experience into a collaborative betting session, fostering engagement among participants.

Livespins prioritizes responsible gaming, especially in regulated markets. By integrating seamlessly into the operator’s game lobby, Livespins ensures users have access to necessary protection tools mandated by local and international regulations.

The collaboration between Livespins and Nolimit City signifies a strategic alignment aimed at enhancing user experience on social live-streaming platforms. With a focus on innovation and user engagement, this partnership has the potential to shape the future of interactive entertainment in the digital sphere.

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Acquired for 5 Million Euros

Evolution, the world’s biggest supplier of live dealer games for online casinos, has announced in February that it has reached an agreement to purchase Livespins, the innovative live streaming casino gaming platform, for an initial 5 million euros.

The transaction, facilitated through Evolution Malta Holding, a subsidiary of Evolution, involved an upfront payment of 5 million euros for the entirety of Livespins’ issued share capital. Additionally, Evolution committed to a supplementary earn-out payment contingent upon Livespins’ financial performance until 2026.

Explaining the rationale behind the acquisition, Evolution cited its “Product Leap” strategy, emphasizing Livespins’ potential to augment its online gaming portfolio with a social dimension. Livespins has garnered recognition in the market for its unique proposition, enabling online casino operators to offer clients the opportunity to engage with their favorite streamers or influencers while betting on popular casino games.

Post-acquisition, Livespins retained its distinct brand identity within the Evolution Group, alongside established entities such as Evolution, NetEnt, Red Tiger, Ezugi, Big Time Gaming, No Limit City, and DigiWheel.

Source:

“On the limit: Livespins joins forces with Nolimit City“, livespins.com, April 29, 2024.

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