[Company News] Evolution today announced that it has signed an agreement to acquire the business of Livespins, the innovative B2B social streaming game provider that enables operators to offer their players the opportunity to bet behind their favourite streamers, brand ambassadors and influencers.
The acquisition will be for a total up-front cash consideration of EUR 5 million. In addition, Evolution will pay an earn-out based on Livespins’ performance in 2026. Completion of the transaction is planned for H1 2024 and is subject to certain closing conditions.
Livespins integrates into an operator’s casino lobby via API, allowing multiple players to place a bet to team up and “bet behind” the streamer for a chance to win together. If the streamer wins, the players win too, in what is an exciting shared experience.
Todd Haushalter, Evolution’s Chief Product Officer, commented: “Playing along with a streamer is a whole new way to play online casino games. This was on our roadmap, so when the opportunity with Livespins arose, things moved quickly. Bringing together the fantastic tech, processes and know-how of the team at Livespins with Evolution’s huge game portfolio, we will provide Livespins immediately with unparalleled distribution power via our One Stop Shop (OSS) integration. Twitch, YouTube, and other platforms have proven the popularity of live streaming while playing online casino games. We think players would love to play along with them and now that will be possible, right from the Evolution lobby.”
Livespins CEO Chris Scicluna added: “This is an unprecedented milestone for Livespins and we couldn’t be happier to be joining the Evolution Group. Although we have content from 40-plus studios already integrated, we are still in a start-up phase, so to attract the attention of Evolution is incredible. It’s also a reflection of all the hard work that our team has poured into this concept, and the unwavering belief that the Livespins product would revolutionise the industry.”
For investor enquiries, please contact:
Jacob Kaplan, CFO, ir@evolution.com
For trade press and media enquiries, please contact:
Daniel Tweedie, Head of Marketing, press@evolution.com
