Gaming Group for the Acquisition of Big Time
Big time Gaming is the newest addition to the rising iGaming resources portfolio of the Evolution Gaming Group in a $534 million transaction.
Big time games for the growing asset portfolio of Evolution
The gaming group Evolution is on a spin. Since the acquisition of Net Ent as the world’s largest slots game maker เว็บ คาสิโนสด, the firm is moving to achieve another milestone sale, offering the purchase of Big Time Titles, known for its initial slot and megawatt multiplayer solutions, as a whole.
The contract is worth 450 million euro and is being paid out in cash and Evolution shares (roughly 534 million dollars). An approximate 70% of the sum shall be made payable in cash and the balance shall be compensated by Evolution newly issued bonds casino Thailand 12Joker. The shares are priced on the basis of the NASDAQ Stockholm trade index when the shares are issued.
The transition extends Evolution’s commitment to strengthen its status as leading suppliers of iGaming premium goods and to put the unique technology solutions and original titles portfolio of BTG into its own roof.
The invention of such titles as Extra Chilli and Bonanza and the successful realisation of mega ways mechanics has been popular with Big Time Gaming, allowing players to receive more than 100,000 pay lines. The Mechanic saw several Net Ent’s games, including the traditional Gonzo’s Quest, reworked to include mega ways.
Player experience and innovation
Jens von Bahr, President of Evolution, said to the news: ‘We are strengthening our competitive role as the world’s leading interactive casino games supplier by adding Big Time Gaming to our slot brand portfolio.’
He added that the dedication of Big Time Gaming to create new player interactions would suit well with the culture of Evolution. “The whole trip we look forward to will continue,” Von Bahr said.
Big Time Gaming CEO Nik Robinson naturally received the news with a similar amount of enthusiasm. Robinson demonstrated that both Evolution and BTG share an innovative push and improve the general knowledge.
With our big time slots, we reinforce our competitive role as the world’s leading supplier of interactive casino games with our portfolio of slot brands. The emphasis of Big Time on creativity and the production of new play experiences blend well with our Evolution culture and attitude. Our trip together is looking forward to,” Evolution president Jens von Bahr, said.
Be they fuel creativity, Evolution and Big Time Gaming, hence the ideal fit. Our players are looking forward to a promising and entertaining future,” said the CEO for Big Time Gaming, Nik Robinson. Completion of the transaction will be conditional and anticipated in the second half of 2021 on receipt of regulatory approvals.
Evolution has included Wiggin as lead consultant with additional assistance in conjunction with the transaction from Addisons, Deloitte, EY and Gernandt and Danielsson. As a consultant to the transaction, Big Time Gaming has engaged Oakvale Capital LLP, Teacher Stern and BDO.