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Business
April 24, 2024
Evolution Posts Q1 Results, Signs Deal with Bet365
Evolution has published its quarterly report for the first three months of 2023, demonstrating a stable performance. The company’s metric increased across the board, underpinned by Evolution’s robust business strategy. In Q1, Evolution reported a 16.7% increase in operating revenues to EUR 501.5 million ($535.9 million). For context, the company reported operating revenues of EUR […]
Business
March 28, 2024
Evolution Teams Up with Rush Street, Forays into Delaware
Evolution, a leading provider of B2B solutions and live casino, has made a foray into Delaware thanks to a partnership with Rush Street Interactive. Under the agreement, the former company will supply content to the Delaware Lottery and its three online casinos. As per the agreement, Evolution will inject proprietary content into BetRivers’ operations in […]
Industry
March 25, 2024
In Practise Alleges Evolution of Illegal APAC Wagers
On Friday, an X post confirmed that investment research firm In Practise was getting ready to publish a report concerning Evolution’s operations in the Asia-Pacific (APAC) region. Accordingly, the latter’s share price dropped 9.9%, from SEK1,372.80 ($129.78) to SEK1,237.40 ($116.97). The piece of research concerning the world leader in product innovation and advanced IT […]
Legal
March 20, 2024
Evolution Seeks to Reveal the Identity of Rival Who Alleged Misconduct
Back in 2021, an anonymous company submitted a report in which it alleged that live specialist Evolution had been involved in misconduct and had operated its products in prohibited jurisdictions. Years later, the former company’s identity might finally be revealed, should Evolution’s lawsuit succeed. For reference, Evolution denied the original claims, slamming them as defamatory. […]
Legal
March 5, 2024
Evolution Faces Lawsuit for Alleged Unlawful Business Practices
Pomerantz LLP, a law firm specializing in securities litigation, has announced the filing of a class action lawsuit against Evolution AB. The legal action revolves around allegations that Evolution and certain officers and directors engaged in securities fraud or other unlawful business practices, leading to incidents that negatively impacted the company’s share price. Ongoing Challenges […]
Business
March 1, 2024
Evolution Europe CCO Sjöberg Stepping Down After Garden Leave
Evolution Europe’s chief commercial officer, Björn Sjöberg, has ended his garden leave that extended over a period of six months, announcing he will step down from his current position in the next two weeks. “Time Flies When You Work Hard!” Sjöberg took it to his LinkedIn account to make the announcement. He started his statement […]
Business
February 21, 2024
Evolution Strengthens NA Partnership with Caesars Digital
B2B online casino services provider Evolution has unveiled a new strategic agreement with Caesars Entertainment’s online arm, Caesars Digital. Under the deal, the companies will reinforce and expand their existing partnership in North America. The former company referred to the deal as a “groundbreaking partnership,” saying that Evolution and Caesars will work together to establish […]
Legal
February 20, 2024
Evolution Has Violated No Rules, New Jersey’s Regulator Says
Evolution, а B2B online casino services supplier, announced that its recent hurdles in New Jersey have been resolved. As announced by the company, its investigation by the New Jersey Division of Gaming Enforcement (NJDGE) has been closed. For reference, the investigation stemmed from a report from November 2021. The report was filed by an anonymous […]
Business
February 6, 2024
Evolution to Acquire Livespins in a $5.4M Deal
A few days after posting an impressive 2023 financial report, Evolution has unveiled a major acquisition deal. As announced, the leading B2B casino solution provider will acquire the socially charged product Livespins in a EUR 5 million (approximately $5.4 million) deal. Livespins, for reference, is an innovative product that allows players to bet behind their […]
Business
February 1, 2024
Evolution Wraps up a Successful Q4 and 2023, Posts Strong Results
Evolution, the leading business-to-business supplier of technology, content and solutions, catering to the global gambling and betting industry, uncovered details regarding its fourth quarter and full year 2023 performance. The company’s latest financial update emerged Thursday, pointing to strong growth in operating revenues, EBITDA and operating profit. The latest trading update reveals that Evolution’s operating […]
