Evolution Gaming acquires game provider Nolimit City

Casino game provider Evolution Gaming is continuing with its expansive project and has just announced the purchase of the innovative slot studio Nolimit City. Both Swedish companies have reached an agreement that could amount to NZD 340 million.

After conquering the live casino games market, Evolution Gaming decided to expand its focus to online slots and this is when it began an acquisition process that surprised the industry. The big move was made by staying with the giant dedicated to the development of games for online casino , NetEnt. In this operation, Red Tiger was also taken, which had recently been acquired by NetEnt. It would be followed by the Australian-based company, Big Time Gaming and now it's Nolimit City's turn.

Details of the agreement and more about Nolimit City

The details about the economic transaction that they have announced, explain that Nolimit City will initially receive NZD 200 million in cash . Later, based on its 2023, 2023 and 2024 results, it could add a maximum of NZD 140 million extra to the price, payable in 2023, 2024 and 2025. This entire agreement is conditional on regulatory approvals and would be effective in the third quarter of this year.

If we understand that Evolution Gaming has set itself the ambitious aim to become the best online casino game maker in the world , then this acquisition will look much better, as it will allow the company to expand its already diverse range of games and risk playing on the darker side.

Nolimit City stands out for its daring games, looking for the most extreme limits

The newcomer to the New Zealand market, Nolimit City, had already conquered us in advance, having been able to get to know their work within the environment. Of course, Evolution Gaming has not chosen them because yes, it is the study that stands out the most among all the current offer. He has been able to differentiate himself from the competition by choosing taboo, extreme and in many cases gloomy topics , such as Mental, Folsom Prison, or Tombstone. Of course, it does not leave behind the great technical quality and highlight its distinct, dark and current graphic style. Risky games in every way that play to the limit, usually of a very high volatility, as well as profit potentials never seen in a slot, up to 150,000x times the value of the bet. It is an extremely innovative company that does business with its own style.

The direction of Evolution Gaming and previous acquisitions

As we see in the progress and growth of Evolution Gaming, the firm commitment to also incorporate a powerful line of online slots is real. Clearly, without losing sight of his priority line of online live casino and that at the time, also led him to acquire Ezugi in 2018 and Digiwheel this 2023. But let's move on to talk about the companies you have acquired from slot machine games and that Evolution continues to maintain as independent brands within the group: NetEnt, Red Tiger and Big Time Gaming.

• NetEnt. Acquired in 2020 for $2 billion . The also Swedish NetEnt, is one of the most established online game companies, playing in the market since 1996, first as a game operator and then as a developer. One of the great leaders of the market and creating a school by forcing other suppliers to improve themselves to follow in its footsteps. In 2009, the company began trading on the Stockholm Stock Exchange. Among their portfolio of online slots we can find some of the most legendary casino games among the fans of slots, such as Starburst or Dead or Alive, including its sequels and countless successes. They always stood out for being innovative, and for being one of the leaders in paying attention to the quality of the product especially its graphic design.

• Red Tiger. Acquired through the purchase of NetEnt and valued at NZD 250 million . Founded in 2014, NetEnt was making a good move by acquiring a company that was growing rapidly, with a lot of acceptance among the public and with the recognition of the industry. In addition, it came with a plus since it had closed a license agreement with Big Time Gaming that allowed it to use its Megaways mechanics. Apart from the quality of its games, it highlights its jackpot , where they shine especially their daily jackpots .

• Big Time Gaming. Acquired in 2021 for 450 million USD . The purchase of the Australians shows that Evolution only looks and seeks the best. BTG revolutionized the online casino market with its slots Megaways . A mechanism that they patented and that from minute one, caused a furor among the players. Its success lies in the fact that, each spin, shows on the reels a different number of symbols chosen at random, being able to reach the already famous, 117,649 ways to win. Among its iconic classics Bonanza, Extra Chilli Megaways and many others. Given the success of its engine Megaways entered into licensing agreements with other slot game providers and today many of the competitor's successes include its game engine. Big Time Gaming has continued to innovate and create new success stories among gamers as its system Megaclusters .