Evolution Gaming announced the purchase of Ezugi

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Evolution Gaming, the world leader in Live Casino software development, has announced the acquisition of live dealer games provider Ezugi. The deal will be completed in early 2019 and will cost $12 million. Ezugi will receive another $6 million as an investment after the merger.

The merger of the two companies specializing in the creation of games for Live Casino will allow developers to expand their presence in the global market under a single brand. According to Evolution Gaming founder Jens von Bahr, the decision to buy a rival company was a strategic move aimed at increasing the profits of the combined company. According to Evolution Gaming management, the acquisition of Ezugi will increase revenue by 2-4% in 2019 and will positively affect the share price. The concluded agreement fits into the general trend of consolidation of companies in the gambling market in the face of growing competition and increasing pressure on developers and providers of online entertainment from national regulators. Evolution Gaming is the largest developer and provider of Live Casino games. Most of the live dealer games are broadcast from the company’s headquarters in Riga. Evolution Gaming also has studios in Spain, Belgium, Romania, Canada and Malta, has offices in the UK, the Netherlands, Sweden, Georgia, Estonia and the USA. The company was founded in 2006, and now its collection includes roulette, blackjack, baccarat, poker and other games with live dealers. Evolution Gaming has been awarded several prestigious international awards in the gaming industry. In October 2018, the company received the EGR Operator Awards 2018 in the Best Gambling of the Year nomination for the innovative Lightning Roulette project. Ezugi was founded in 2012 and is a Live Casino solution provider. The studio currently has a portfolio of 18 live dealer games broadcast from 9 studios across Europe, Asia, North America and Latin America. Ezugi also develops software for betting shops and creates online casino management systems. Currently, Evolution Gaming and Ezugi are the only companies that officially supply Live Casino games to the United States market. According to the independent Spanish gambling guide neonslots.es

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