Evolution Agrees to Acquire Livespins in EUR 5 Million Deal

Evolution Agrees to Acquire Livespins in EUR 5 Million Deal

Evolution Malta Holding Limited, a wholly owned subsidiary of Evolution AB, has formally agreed to acquire all Livespins Holding Ltd’s share capital. This will cost Evolution EUR 5 million, though the company has agreed to an additional earn-out payment that’s based on Livespins’ performance up to 2026. The transaction is expected to be completed by the end of Q2 2024. This is provided that a number of closing conditions are met.

The Evolution of Evolution

Evolution is known for developing and running live dealer games. Its portfolio includes live versions of classic table games as well as game shows and originals. In recent years, Evolution has been diversifying its portfolio by offering animated games. The Livespins acquisition, part of Evolution’s ‘Product Leap’ strategy, represents another step forward for the company. The ongoing aim of the strategy is to bring innovative, forward-thinking new iGaming products and experiences to users and to broaden Evolution’s offerings.

Livespins’ New Way to Gamble

Livespins offers players a new way to bet on slots. With Livespins, players ‘bet behind’ streamers, influencers or ambassadors. The way it works is straightforward: any number of players place a bet on someone playing a slot; if they win, so do the people who have placed wagers on them. It makes the online gambling experience a lot more sociable and interactive by bringing people together and facilitating shared bets.

To use Livespins, players head to the casino lobby where they’ll find Livespins fully integrated just like any other provider. They then select a slot and ‘bet behind’ the streamer. Thanks to the built-in chat feature, players can chat with the streamer playing the game as well as anyone else who’s placed a bet on the streamer’s success.

Going Forward

When the acquisition is complete, Livespins will continue to operate as its own brand as part of the Evolution Group family. This currently consists of: Evolution, Big Time Gaming, DigiWheel, Ezugi, NetEnt, Nolimit City and Red Tiger. Livespins brings a new type of gambling experience to Evolution Group’s already diverse portfolio.

Comments on the Deal

The CEO of Evolution, Martin Carlesund, has said this about the Livespins acquisition:

“Livespins is a unique proposition that has shown solid engagement metrics and adoption by players and one we believe will be a great addition to the Evolution portfolio.”

Evolution’s Chief Product Officer, Todd Haushalter, has also commented on the deal:

“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. 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 now, right from the Evolution lobby.”

And from Livespins here’s what CEO Chris Scicluna had to say:

“This is an unprecedented milestone for Livespins and we couldn’t be happier to be joining the Evolution Group. “We are still in the start-up phase of our business and to attract the attention of Evolution, is incredibly rewarding. It also is a reflection of all the hard work that our team has poured into this concept since we launched and the unwavering belief that this product would revolutionise the industry.”

Latest Casino and Bingo offers

Buzz Bingo

Kitty Bingo

Neptune Play Casino

Mega Riches Casino

BetMGM Casino UK

Other Latest Industry News

28. Aug 2025 16:32
Leeds Gets £5.5m Bingo Club (With Ice Cream Van Inside)
Leeds bingoers will be dabbing in style after a new £5.5 million Club 3000 Bingo opened. More than 850 guests – including a Coronation Street star – packed out the venue over the weekend for the grand opening of the brand-new, state-of-the-art club in Hunslet. It was an evening of entertainment, live music, and, of course, plenty of bingo games. Ice Cream Van in a Bingo Club This is the…
by
Nic McBride - WhichBingo Senior Editor
Nic McBride
Time to read 2min
Read this news
26. Aug 2025 12:37
David Potts, Nicola McLean Get Their Dab On: A Star-Studded Night
They might be reality TV royalty, but even fame doesn’t make you a bingo winner! Celebrity guests David Potts (Celebrity Big Brother), Nicola McLean (Celebrity Big Brother), Tayce (RuPaul’s Drag Race UK), Brendan Sheerin (Coach Trip) and Marc Almond aka CookingwithTubz (Tiktok) enjoyed a night of glitz, glamour, and bingo balls at WhichBingo’s inaugural Celebrity Party. Despite missing out on prizes like fish flip-flops and onion goggles, all the celebrities…
by
Charles Shakespeare
Charles Shakespeare
Time to read 3min
Read this news
16. Aug 2025 09:55
£50k Winner Celebrates With Cuppa & Biscuits in Bed
If you look up at the moon tonight, you might just spot the shadow of Sam Smitherman – because he’s jumping over it! Sam was the recent winner of a whopping £50,000 jackpot at Mecca Bingo Acocks Green in Birmingham. After realising he’d won, he skipped the celebratory pint at the club for a cuppa and biscuits in bed! Let’s find out about the moment he realised he’d won, what…
by
Esther Barnett Rubin
Esther Rubin
Time to read 4min
Read this news
15. Aug 2025 13:56
From Boardwalk to Betting: 7 Iconic Casino Summer Hotspots
Summer holidays, seaside getaways, and casino culture are probably more common than you realise. With Dabbing Out travelling to Brighton Beach for bingo, we were inspired to seek out more great places to play great games. WATCH: Dabbing Out episode 3: Brighton Bingo From glamorous European shores to bustling tourist hubs and floating resorts, these seven iconic destinations have seamlessly blended the excitement of travel with the thrill of the…
by
Nic McBride - WhichBingo Senior Editor
Nic McBride
Time to read 4min
Read this news
Spinner
James Gibson – Freelance Writer – iGaming Specialist
James Gibson
iGaming Specialist
James has spent years tracking casino promotions and payment trends, gaining insider knowledge on the best deposit methods for maximizing value, how to make the most of cashback offers and reload bonuses, and the hidden pitfalls of wagering requirements. He helps players navigate casino banking by exposing why some sites delay withdrawals, (and how to avoid them), while ensuring they always get the best possible deals. His goal is to empower players with smarter strategies for bonuses, payments, and overall casino decision-making.

Reader comments