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Evolution AB is a Swedish gaming technology company headquartered in Stockholm.^[1]^[2] It develops and licenses B2B live casino software for online casino operators.^[3]

History

Evolution AB was founded in 2006 by Jens von Bahr and Fredrik Österberg.^[4]^[5]

In 2013, Evolution launched its 100th live table at the Riga studios, becoming the largest single-site casino operation in Europe, and opened a studio in Spain.^[6]^[7] A studio in Malta opened in 2014.^[8]

Evolution was listed on Nasdaq First North Premier, Stockholm, on March 20, 2015, and subsequently opened a studio in Belgium.^[9]^[10]^[11]

In 2017, Evolution was listed on Nasdaq Nordic and later launched Dream Catcher.^[12]^[13]^[14] In the same year, Martin Carlesund was appointed as the CEO of the company, succeeding Jens von Bahr.^[15]

In 2018, Evolution acquired Ezugi and expanded with new facilities in Canada, Georgia, and New Jersey, U.S.^[16]^[17] It also signed agreements to provide Live Casino services to Unibet, Hard Rock Hotel, and Casino Atlantic City.^[18]^[19]^[20]

In 2019, Evolution introduced Monopoly Live and Deal or No Deal.^[21] The same year, new games such as 2 Hand Casino Hold’em were launched.^[22]

In 2020, Evolution entered into an agreement with Intralot and acquired NetEnt, NetEnt Casino, and Red Tiger.^[23]^[24]^[25] Later, it launched Speed Blackjack and Crazy Time, and opened new studios in Pennsylvania, USA, and Lithuania.^[26] Additionally, it introduced an online live craps game in the same year.^[27]^[28]

In 2021, Evolution acquired Digiwheel and Big Time Gaming and later opened its third US studio in Michigan.^[29]^[30]^[31]

In 2022, Evolution launched XXXtreme Lightning Roulette, went live in West Virginia, and opened its fourth US studio in Connecticut.^[32]^[33] In the same year, the company acquired Nolimit City, introduced Monopoly Big Baller, and went live on the first day of Ontario's gaming market opening, along with launching its second New Jersey studio.^[34]^[35]^[36]

In 2023, Evolution introduced Funky Time, a 70s disco-themed live game show.^[37]

Lighting Roulette

Evolution's most successful game, Lighting Roulette, was launched in 2018. It is a live casino game that combines a European Roulette wheel with randomly generated multipliers that increase payouts on specific bets.^[38]

References

[1] ttps://www.svd.se/a/ddBBdA/ledningens-fortroende-pa-spel-i-evolution

[2] ttps://www.svd.se/a/X8oEgW/natkasino-puttar-ut-ssab-fran-populart-borsindex

[3] ttps://www.di.se/analys/kursraketen-trotsar-morkret-rusar-mot-verkliga-finrummet/

[4] ttps://www.expressen.se/ekonomi/aktier-och-bors/svenskduon-har-tjanat-23-miljarder-pa-borsraketen/

[5] ttps://www.expressen.se/premium/nyheter/svenskarna-som-drar-in-miljarder-pa-casino/

[6] ttps://www.evolution.com/who-we-are/timeline/

[7] ttps://www.intergameonline.com/igaming/news/evolution-to-open-100th-live-casino-table

[8] ttps://www.gamingintelligence.com/uncategorised/15793-evolution-gaming-aims-to-expand-live-dealer-capacity-with-malta-studio-2/

[9] ttps://www.di.se/nyheter/evolution-gaming-grundaren-vi-saljer-av-filosofiska-skal/

[10] ttps://www.nasdaq.com/about/press-center/nasdaq-welcomes-evolution-gaming-nasdaq-first-north-premier

[11] ttps://www.evolution.com/news/evolutions-new-belgium-live-casino-studio-historic-casino-de-spa-attracts-licence-holders/

[12] ttps://www.di.se/nyheter/evolution-gaming-klart-for-stockholmsborsen/

[13] ttps://igamingbusiness.com/casino-games/evolution-begins-trading-shares-on-nasdaq-stockholm/

[14] ttps://igamingbusiness.com/tech-innovation/codeta-launches-evolution-gamings-dream-catcher/

[15] ttps://www.di.se/nyheter/ny-vd-for-evolution-gaming/

[16] ttps://igamingbusiness.com/casino-games/evolution-acquires-live-casino-rival-ezugi/

[17] ttps://www.evolution.com/who-we-are/timeline/

[18] ttps://www.di.se/nyheter/evolution-gaming-har-tecknat-avtal-i-atlantic-city/

[19] ttps://www.gamblinginsider.com/news/14620/unibet-launches-new-live-dealer-game-created-by-evolution

[20] ttps://www.intergameonline.com/igaming/news/evolution-to-power-hard-rock-hotel-and-casino-atlantic-city

[21] ttps://www.egr.global/intel/news/evolution-gaming-pledges-to-redefine-live-casino-with-monopoly-ar-game/D

[22] ttps://www.evolution.com/who-we-are/timeline/

[23] ttps://www.di.se/live/evolution-gaming-tecknar-avtal-med-intralot/

[24] ttps://www.privataaffarer.se/placeringar/aktier/evolution-gaming-lagger-bud-pa-net-ent/

[25] ttps://igamingbusiness.com/casino-games/netent-agrees-220m-acquisition-of-red-tiger-gaming/

[26] ttps://www.igbnorthamerica.com/evolution-to-launch-with-caesars-in-pennsylvania/

[27] ttps://igamingbusiness.com/casino-games/evolution-claims-market-first-with-online-craps/

[28] ttps://www.intergameonline.com/igaming/news/evolution-launches-worlds-first-live-craps-game

[29] ttps://igamingbusiness.com/strategy/ma/evolution-agrees-to-acquire-developer-digiwheel-for-e1m/

[30] ttps://igamingbusiness.com/strategy/ma/evolution-to-acquire-big-time-gaming/

[31] ttps://www.egr.global/northamerica/news/evolution-launches-live-studio-in-michigan/

[32] ttps://www.gamblinginsider.com/magazine/381/product-review-evolution-xxxtreme-lightning-roulette

[33] ttps://portal.ct.gov/office-of-the-governor/news/press-releases/2022/07-2022/governor-lamont-announces-opening-of-evolution-gaming-studio-in-connecticut

[34] ttps://igamingbusiness.com/strategy/ma/evolution-completes-acquisition-of-nolimit-city/

[35] ttps://www.evolution.com/news/second-new-jersey-studio

[36] ttps://www.evolution.com/news/evolution-launches-monopoly-big-baller/

[37] ttps://www.gamblinginsider.com/press/21222/evolution-launches-funky-time

[38] ttps://www.livedealer.org/the-thing-with-playing-lightning-roulette/

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@@ Line 16: / Line 16: @@
 In 2020, Evolution entered into an agreement with Intralot and acquired NetEnt, NetEnt Casino, and Red Tiger.<ref>https://www.di.se/live/evolution-gaming-tecknar-avtal-med-intralot/</ref><ref>https://www.privataaffarer.se/placeringar/aktier/evolution-gaming-lagger-bud-pa-net-ent/</ref><ref>https://igamingbusiness.com/casino-games/netent-agrees-220m-acquisition-of-red-tiger-gaming/</ref> Later, it launched Speed Blackjack and Crazy Time, and opened new studios in Pennsylvania, USA, and Lithuania.<ref>https://www.igbnorthamerica.com/evolution-to-launch-with-caesars-in-pennsylvania/</ref> Additionally, it introduced an online live craps game in the same year.<ref>https://igamingbusiness.com/casino-games/evolution-claims-market-first-with-online-craps/</ref><ref>https://www.intergameonline.com/igaming/news/evolution-launches-worlds-first-live-craps-game</ref>
+In 2021, Evolution acquired Digiwheel and Big Time Gaming and later opened its third US studio in Michigan.<ref>https://igamingbusiness.com/strategy/ma/evolution-agrees-to-acquire-developer-digiwheel-for-e1m/</ref><ref>https://igamingbusiness.com/strategy/ma/evolution-to-acquire-big-time-gaming/</ref><ref>https://www.egr.global/northamerica/news/evolution-launches-live-studio-in-michigan/</ref>
+In 2022, Evolution launched XXXtreme Lightning Roulette, went live in West Virginia, and opened its fourth US studio in Connecticut.<ref>https://www.gamblinginsider.com/magazine/381/product-review-evolution-xxxtreme-lightning-roulette</ref><ref>https://portal.ct.gov/office-of-the-governor/news/press-releases/2022/07-2022/governor-lamont-announces-opening-of-evolution-gaming-studio-in-connecticut</ref> In the same year, the company acquired Nolimit City, introduced Monopoly Big Baller, and went live on the first day of Ontario's gaming market opening, along with launching its second New Jersey studio.<ref>https://igamingbusiness.com/strategy/ma/evolution-completes-acquisition-of-nolimit-city/</ref><ref>https://www.evolution.com/news/second-new-jersey-studio</ref><ref>https://www.evolution.com/news/evolution-launches-monopoly-big-baller/</ref>
+In 2023, Evolution introduced Funky Time, a 70s disco-themed live game show.<ref>https://www.gamblinginsider.com/press/21222/evolution-launches-funky-time</ref>
+==Lighting Roulette==
+Evolution's most successful game, Lighting Roulette, was launched in 2018. It is a live casino game that combines a European Roulette wheel with randomly generated multipliers that increase payouts on specific bets.<ref>https://www.livedealer.org/the-thing-with-playing-lightning-roulette/</ref>
 ==References==