Live casino specialist Evolution Gaming announced it has completed its acquisition of live dealer gaming provider Ezugi.
The $12 million cash deals could include additional considerations up to $6 million.
“I am pleased about this agreement,” said Martin Carlesund, Evolution CEO in a press release. “It is a very logical next step for Evolution which will increase our market share in key existing markets, like the US, where Ezugi’s presence and customer base will add to our ongoing market expansion, as well as add licensees in new markets, such as South Africa.”
The purchase adds studio capacity and resources for product development, the company said. It also strengthens Evolution in existing markets, including Europe, Latin America, South America and primarily the United States, where Evolution and Ezugi were the only operating live casino providers, the release said.
“This strategic deal will see Evolution increase its geographic footprint and accelerate growth,” Jens von Bahr, Evolution chairman and founder said in the release. “It will enable us to fast-track the accessibility to Evolution’s top-ranking software, as well as to support continued industry leadership by adding well-established development teams and operational resources.”
