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Swedish casino games provider Evolution Games announced it agreed to buy Australia-based games developer and supplier Big Time Gaming for a price of 450 million euros payable in cash (80m) and in newly issued Evolution shares. Big Time Gaming, whose game titles include Bonanza and Extra Chilli, had revenues of 33 million euros in 2020, and made an operating profit (EBITDA) of 29 million. The company, which last year bought Swedish peer NetEnt in a $2 billion deal, added that completion of the transaction was expected during the second quarter.
Evolution’s chairman Jens von Bahr commented on the move: “With the addition of Big Time Gaming to our portfolio of slot brands we strengthen our strategic position as the leading provider of digital casino games in the world. Big Time’s focus on innovation and creating unique playing experiences is a great fit with our culture and mind-set at Evolution. We look forward to continuing our journey together”.
Big Time Gaming’s CEO Nik Robinson confirmed: “Evolution and Big Time Gaming are both driven by innovation, hence the perfect match. A bright and entertaining future awaits for our players”.
