The live casino service provider Evolution Gaming Group recently increased its herd with the purchase of Big Time Gaming for a total of $534 million in United States dollars. This horse is none other than Big Time Gaming. A month ago, it was revealed that the software developer will be acquired.
The corporation was not satisfied with its position as the largest provider of live dealer casino services throughout the world, so they started their own evolution the previous year by purchasing NetEnt and Red Tiger Gaming. The decision caused tremors to be felt throughout the industry because both companies have substantial portfolios that contain extremely well-liked video games.
The most recent action taken by the company provides further evidence that its ultimate goal is to completely dominate the world of online gaming. The studio, which announced sales of €33 million and EBITDA of €29 million for 2020, demonstrated that it had made an excellent decision. The sum of $534 million will be paid for in a combination of cash and shares in the live casino brand, and it is anticipated that the deal will be finalized prior to the month of July. The transaction can only be finalized if all necessary regulatory hurdles have been cleared.
The Process of Evolution Helps Strengthen Position
The inclusion of Big Time Gaming as one of Evolution’s slot brands, as stated by the company’s Chairman, Jens von Bahr, is evidence that Evolution has solidified its place in the market as a strategic player. He stated that the live casino company’s own ethos was compatible with the developer’s original approach and its expertise in fashioning one-of-a-kind gaming features. Moreover, he said that the developer was a pioneer in the field. Bahr continued by saying that he was excited to collaborate with the brand in the future.
Nik Robinson, CEO of Big Time Gaming, felt that the unique approaches taken by both brands made them a perfect match for one another. In addition to that, he stated that in the future, players may expect to experience things that are both interesting and engaging.
A Look At Big Time Gaming
When Big Time Gaming was first established in 2011, the development of online slot machines, as opposed to live dealer casino offerings, was the company’s primary focus. The company, which has its headquarters in Surry Hills, New South Wales, Australia, gained notoriety for producing popular slot machine games including Extra Chilli and Bonanza, in addition to fully licensed titles based on popular board games and television game shows.
One of the keys to the developer’s success was the inclusion of the Megaways mechanism, which it did for the first time in the slot game Dragon Born in 2015. The next year, the system received the recognition it deserved when the production company released the successful Bonanza.
When compared to many other video slots available at the time, the first “proper” Megaways game provided players with up to 117,649 different ways to win, which was a significant increase over the standard 10s of paylines. The technique was so effective that it attracted the attention of several other suppliers. Instead of attempting to design a feature that was comparable to it, they decided to acquire the approval of the studio to use it. More than 200 games produced by a variety of firms now use the method within their gameplay.