Big Time Gaming Proprietary Limited acquisition for Evolution Gaming Group AB
Swedish iGaming innovator Evolution Gaming Group AB has announced the signing of an agreement worth approximately $536 million that is destined to see it purchase smaller Australian rival Big Time Gaming Proprietary Limited.
The Stockholm-listed firm used an official press release to detail that the arrangement is expected to close during the second quarter of the year after it has handed over some $95.3 million in cash as well as shares valued in the region of $166.8 million to investors in Big Time Gaming Proprietary Limited. The company moreover revealed that this will be supplemented by up to $274 million in ‘earn-out payments’ to be based on the performance of its latest acquisition over the course of the next two years.
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Evolution Gaming Group AB is one of the world’s most prominent developers of live-dealer online casino games and last year spent slightly in excess of $2 billion so as to take over fellow Swedish iGaming innovator NetEnt AB. The firm’s Chairman, Jens Von Bahr, used the press release to describe Big Time Gaming Proprietary Limited as ‘the thought leader in online slots’ with its purchase destined…
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