Evolution Gaming Announces the Acquisition of Nolimit City

Evolution Gaming and Nolimit City

06-24-2022 – Evolution Gaming has become arguably the most reliable and most popular live dealer online casino developer in the gambling industry. The company’s recent news is just further proof of that. Evolution has announced that it has sealed a €357 million deal to acquire another Maltese iGaming innovator – Nolimit City Holding Limited.

The provider used an official press release to say that all arrangements can be completed by the end of September. The procedure that follows is linked to getting the receipt of regulatory approvals and there needs to be an initial cash consideration of €210 million. After that, three further instalments will be needed to top out the other €147 million.

A Stunning Road to the Top

Evolution Gaming has been established in 2006, and ever since, it has made its way to the very top of the online gambling industry. The company holds licenses from regulators in jurisdictions such as Malta, Canada, Romania and the United Kingdom.

Furthermore, the game portfolio is quite impressive, as it contains more than 50 mobile-friendly live dealer games. All these games can be found on the sites of more than 600 iGaming operators all around the world.

So, the Stockholm-listed game provider said that the decision to acquire Nolimit City was done in accordance with the company’s policy of “being the number one provider of casino games in the entire world, and to supply operators with the best gaming content possible”.

Excitement Within The Company

Jens Von Bahr is the Chairman of Evolution Gaming and he used the official press release by the company to explain his excitement with the deal. He said that Nolimit City is a very innovative and world-class game provider with some of the best slot games in the market.

He notes that these slots are “complete” thanks to the provocative themes and a bit of humorous touch to them. He further says that he fully expects the latest acquisition to blend in with other subordinates in Evolution Gaming, such as Big Time Gaming, NetEnt, and Red Tiger Limited.

The statement from Von Bahr explains how the portfolio of games is now becoming even bigger and more innovative thanks to the cutting-edge games from the best game providers in the industry. Nolimit City is one of the best providers, and Evolution has watched closely its path for the past few years.

By doing so, it has noticed how Nolimit City have established their own and completely new style of slot games. Von Bahr finishes the statement by saying that he is proud that once again, the best minds in the gaming industry have chosen to join the Evolution Gaming family.

The Future is Big for Nolimit City

Nolimit City has been established by Jonas Tegman and Emil Svard back in 2013. Since then, the company has developed more than 50 mobile-friendly video slots, with the number increasing all the time.

Just recently, the provider announced the release of Punk Toulet, Folsom Prison, and Karen Maneater titles. Nolimit holds a license from the UK Gambling Commission and the MGA. The numbers of the company this year are impressive as well, with the earnings expected to exceed €24.2 million, before interest, tax, depreciation, and amortization.

Tegman also issued a statement saying that Evolution – Nolimit seems like a perfect match, and they are two companies that are fully aligned in terms of people, technology and product. He also notes that the slot vertical is subject to big changes, and he cannot wait for an even bigger global expansion together with Evolution Gaming.

There is so much to come from these companies, so everyone in the gambling world seems to be excited, and rightly so.

Categorized as News

By Filip Mishevski

As a person that has been involved in the gambling industry for over 5 years, Filip knows all the tricks and trades of online casinos and casino games. He’s here to provide you with the best content and help you have a fun gaming experience. His specialities include online slots, gambling regulations, casino game strategies, bonuses and promotions and much more.