Evolution Gaming, a market leader in Live casino products have shown a keen interest in a merger with Swedish software giant NetEnt. The new merger would follow hot on the heels of M&A’s between Flutter and The Stars Group, Draftkings and SBTech and Eldorado Resorts and Caesars Entertainment, but the potential of a merger between NetEnt and Evolution could potentially be the biggest to date.
The acquisition fee is reported to exceed SEK19.6b ($2.5b) and comes as no surprise as to how far Evolution have come over the years, even though NetEnt launched previously. Evolutions growth proves their commitment in providing quality, world-class live casino products and to become a market leader in the global online gaming industry.NetEnt, who recently acquired Red Tiger Gaming are market leaders in slot design so a merger could potentially produce the largest portfolio of world-class online games serving a large global audience.NetEnt already have a strong foothold in North America and Evolutions existing US studios will further capitalise their position in States in the US who have opened up to online casinos.
Both companies have stressed the new acquisition will not affect existing employees of either company and will continue to be the backbone for the combined company’s success in the future.NetEnt shareholders now have the deal on the table and so far the consensus benchmark price of stock is above prior to the offer made by Evolution. NetEnt reportedly said, after evaluating other alternatives previously, the merger with Evolution is the best move for the company.If the new acquisition goes ahead, it will possibly create the largest market leader in live casino and slots and a firm hold in American state markets.