Sweden’s Evolution Gaming to Acquire Big Time Gaming in €450m Deal

Swedish gaming company Evolution are set to acquire Big Time Gaming for an estimated €450 million in a cash/shares deal.

There are also earn-out payments scheduled for 2022/23 and 2023/24 which are expected to reach a maximum of €230 million. The earn-out considerations will be comprised of 70% cash and 30% Evolution shares.

The acquisition is the latest move by Evolution as the company looks to expand its global offerings. In December of 2020, the company finalized a deal to buy NetEnt for €1.9 billion.

In an Evolution Gaming press release, Big Time Gaming CEO Nik Robinson said:

“Evolution and Big Time Gaming are both driven by innovation, hence the perfect match. A bright and entertaining future awaits for our players.”

“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.

Sweden's Evolution Gaming to Acquire Big Time Gaming in €450m Deal

Ciaran McEneaney

Sweden's Evolution Gaming to Acquire Big Time Gaming in €450m Deal