Evolution Gaming to Buy Ezugi

Evolution Gaming to Buy Ezugi

Lillie Mcguire
Posted on November 27, 2018 at 10:11am

Evolution Gaming, the renowned provider of live casino solutions, has inked an agreement to purchase Ezugi, a fellow live dealer gaming provider. The cash deal has been settled with an initial consideration of US$12 million, with a possible additional US$6 million to be added to the price next year. The buyer reported that this procuration would allow it to increase its geographic footprint in the United States of America, as well as accelerate growth in several other key markets. It is likely to add between 2% and 4% to their revenues in 2019, and to increase their earnings per share next year as well.

Ezugi currently operates from a number of studios around the world, delivering web live dealer and B2B mobile solutions to various online gambling brands, brick-and-mortar casinos, and betting shops. Its markets include New Jersey and Oklahoma in the USA, various European and Latin American locations, and South Africa. The purchase will see Evolution’s growth moving much more quickly thanks to extra market shares, alongside product development and increased operational capabilities in current markets like the USA and Romania.

There Can Only Be One

This announcement was made just three short months after Evolution Gaming entered in to the online gambling market in America, opening its 9th studio worldwide in New Jersey’s Atlantic City. They confirmed in a statement that, as of this time this year, only one other company is currently operating in the US market with them, and its acquisition will mean they are the only ones going forward.

Martin Carlesund, Chief Executive Officer for Evolution Gaming, is pleased with the deal, calling it the logical next step for his company, thanks to its increasing their share in existing markets. He explained that the Ezugi customer base and presence would add to their expansion along with providing licensees in new markets, like the one in South Africa.

Jens von Bahr, Chairman and Founder, added that the deal was a strategic one that would enable the firm to fast-track access to his organisation’s first-rate software. He went on to say that it would also provide support for continued leadership in the industry, thanks to the addition of firmly established operational resources and development teams.

Chief Executive Officer and Founder of Ezugi, Kfir Kugler, expressed his satisfaction with the contract too, saying that his organisation had come a long way since being founded in 2012, and amalgamating with Evolution Gaming was definitely the right next step.


More News

How Live Casinos Compete With Land Based Venues

Lillie Mcguire
Posted on June 17, 2021 at 1:06am
How Live Casinos Compete With Land Based Venues

The live casino is seen as the next step forward in the evolution of the gambling world. Thanks to brands like Evolution, in the last few years they h

The Advantages Of Mobile Casino Games

Lillie Mcguire
Posted on June 15, 2021 at 10:06am
The Advantages Of Mobile Casino Games

Within the past two years alone, the use of mobile devices for online casino games has increased a great deal. The easy access that mobile casinos pro

Differences Between Canadian & American Online Casinos

Lillie Mcguire
Posted on June 14, 2021 at 12:06pm
Differences Between Canadian & American Online Casinos

The United States and Canada are located close to each other and as a result, are very similar in many regards. The two countries do have different la

Premier League Inks Sports Betting Canada Deal

Lillie Mcguire
Posted on June 13, 2021 at 12:06pm
Premier League Inks Sports Betting Canada Deal

The Canadian Premier League has signed a new deal with ComeOn! The latter has been named the League’s official online casino and sports betting

Evolution Launch First VR Live Casino Game

Lillie Mcguire
Posted on June 11, 2021 at 12:06pm
Evolution Launch First VR Live Casino Game

Live casino giant Evolution has just announced the launch of Gonzo’s Treasure Hunt, alive game with a difference. The new release is a live game

Microgaming Set To Launch New Live Casino

Lillie Mcguire
Posted on June 09, 2021 at 12:06pm
Microgaming Set To Launch New Live Casino

.Microgaming, the online casino software giant, has just unveiled its plans to release a live casino product. This product will launch via On Air Ente

The Value Of RNGs In Casino Games Online

Lillie Mcguire
Posted on June 09, 2021 at 12:06pm
The Value Of RNGs In Casino Games Online

One of the biggest drawcards of casino games online lies in the fact that they are games of chance. In order for this element to be successfully execu

New Online Casino Expo Heads To Vegas

Lillie Mcguire
Posted on June 04, 2021 at 1:06am
New Online Casino Expo Heads To Vegas

As the entire world came to a grinding halt last year thanks to the global health crisis, several Las Vegas casinos were also forced to dim their ligh

The Revolution Of Online Gambling Canada

Lillie Mcguire
Posted on June 03, 2021 at 1:06am
The Revolution Of Online Gambling Canada

It’s no secret that the internet helped to change the way in which casinos operate. When casinos started to move online in the late 1990s, the e

Rise In Online Casino Canada Crypto-Use

Lillie Mcguire
Posted on June 01, 2021 at 11:06am
Rise In Online Casino Canada Crypto-Use

A recent survey conducted and released by Skrill indicates that the incredible rise in the popularity of digital currencies as a means of tender for o