CMA Greenlights Evolution’s Acquisition of NetEnt
Evolution, the leading slots and live casino content provider in the industry, has received approval from the UK Competition and Markets Authority (CMA) for the acquisition of slot giant NetEnt.
The approval from the CMA was the last Evolution needed to finalize the acquisition. After receiving the green light from the Malta Competition and the Consumer Affairs Authority in September, the supplier, which recently debuted a live craps game, was one step closer to getting everything in order.
The UK Competition and Markets Authority launched its investigation of the proposed SEK19.6bn ($2.26bn) deal in September to assess if the acquisition would reduce competition in the British iGaming market. CMA will publish its full ruling in the near future and explain the decision.
About the Evolution
Evolution was founded in 2006 and it immediately had an impact on the European live dealer platforms. It has been growing ever since and has signed deals with a lot of companies and made new partners including 888 Casino, Betclic, Betsson and a lot more prominent companies.
As far as games go, the supplier has to offer Live Roulette, Lightning Roulette, Live Blackjack, Infinite Blackjack, Live Casino Hold’em and a lot more games.
Its offering includes live casino games with real, professional dealers, made in the state-of-the-art studios in Latvia and Malta. All of the brand’s releases are available on desktop, tablet and mobile devices.
More About NetEnt
NetEnt is a leading provider of top-notch gaming solutions. The company provides their services to some of the world’s most successful online casino operators. The company is regulated and licensed by the United Kingdom Gaming Commission. It holds licenses in Alderney, Belgium, Gibraltar, Malta, New Jersey, Romania and Spain.
Its cutting-edge platform and their team of over 1000 professionals are responsible for creating thrilling games. The company handled 44.7 billion gaming transactions in 2018. Additionally, it has a strong presence in Sweden, Malta, Ukraine, Gibraltar, USA and Poland.
Source: Narayan, Niji. “Evolution Gets CMA Approval for NetEnt Acquisition”. European Gaming. November 17, 2020