Evolution finalizes acquisition of BTG
Since the year 2018, the Evolution Group has embarked on a series of resounding acquisitions. It all started with the acquisition of one of its main competitors, namely Ezugi software also specializing in live games. Then, in 2020, Evolution made its mark by acquiring the famous Netent, which also owns Red Tiger.
Finally, during the month of April, it continued its shopping spree by announcing the acquisition of Big Time Gaming (BTG). This acquisition has just been finalized.
A buyout estimated at 450 million euros
In order for the Evolution group to acquire BTG, it still had to obtain a series of regulatory approvals. As these were finally received, it was able to conclude the transaction by purchasing no less than 1 105 032 shares. It was on April 12, 2021 that Evolution had entered into an agreement to acquire the entire issued share capital of BTG for a total estimated financial consideration of EUR 450 million, payable in cash and shares.
As a result of this transaction, the Evolution Group can now count on a catalog of 5 prestigious brands: Evolution, Ezugi, Netent, Red Tiger and BTG. Games from these developers can be found in mobile online casinos.
About Big Time Gaming
Specializing in games using a random number generator, BTG appeared on the Internet during 2011. Based in Sydney, Australia, it has signed a few scratch cards. Nevertheless, it is mainly known for its excellent slot machines. Among them, we can mention some unavoidable hits such as Bonanza or Extra Chilli among others. It is also famous for creating the cult Megaways mechanic that allows you to enjoy thousands of ways to win.
As of 2018, BTG has licensed this feature to other publishers. Among them are Pragmatic Play, ReelPlay and iSoftBet among others who signed Great Rhino Megaways, Atlantic Megaways and Aztec Gold Megaways respectively for example.
During the year 2020, BTG achieved a turnover of 33 million euros and an EBITDA of 29 million.
Founded in 2006, Evolution specializes in live games run by real live dealers. In fact, it is the undisputed leader in this market sector. It must be said that its game library is extremely interesting. It offers dozens of tables dedicated to roulette, baccarat and blackjack, but also to different variants of poker, craps, sic bo and dragon tiger for example.
Among them, there are a lot of hits like Lightning Roulette adding winnings multipliers, Infinite Blackjack accessible without limitation of the number of players or Baccarat Squeeze maximizing the suspense of games.
There are also more mainstream titles such as the Monopoly Live wheel of fortune inspired by the famous board game, the Mega Ball lottery mixing keno and bingo or the Football Studio card game for football fans.