Evolution gaming, the famous Live Games professionalvider for Casino, He wants to acquire Nolimit City for a maximum figure of $ 340 million.
With this acquisition the giant of igaming aims to increase his entrances thanks to the slots of Nolimt City which will be added to those of Big Time Gaming just acquired from the company.
Ma Let's find out more about the details of this acquisition In the next paragraphs by our sector experts.
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What is Nolimit?
Nolimit City, the company that Evolution Gaming wants to acquire, has Over 10 years of experience in the development of online casino games and platforms.
Ha headquarters in Malta, but also offices in Stockholm and India in Gurugram, near New Delhi.
He works with famous brands such as Levegas, Netbet, PokerStars, 888, Betsson And he is mainly famous for his slot machines.
The agreement with which Evolution Gaming wants to acquire Nolimit City
Evolution Gaming wants to acquire Nolimit City for one maximum amount of $ 340 million which will pay in cash.
Upon signing of the Evolution agreement will pay $ 200 million And the remaining 140 million will then be paid according to the results achieved between 2023 and 2025.
The forecasts are for a turnover of 30 million $ in 2022, provided that everything is successful in the timing that the company is expected, or within the third quarter of this year.
The declarations on Evolution and Nolimit City
Su Evolution Gaming e Nolimit City The president of the first and co -founder of the company that will be acquired spoke.
These are the words of Jens von Bahr of Evolution Gaming: "With the addition of Nolimit City to the Evolution family We extend our truly innovative and avant -garde games portfolio composed of the products of the Top professionalvider in the sector”.
And then added: “We followed Jonas Tegman, Emil Svärd and their team for a few years e We were impressed by the fact that they created a completely new style of slot gamesnull I am proud that another of the best minds in our sector has chosen to join the Evolution network ".
While Nolimit's Tegman said: “I can't think of a better coupling between two companies of the one between Nolimit City and Evolution: We are completely aligned in terms of people, products, technology and way of completing work ".
“The vertical of the slots is in the phase of enormous change e We can't wait to face the challenge of global expansion together with Evolution, helping it to navigate towards the best offer of slot products on the market. ", then concluded saying.
