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

18. Jul 2025 09:48
Is this the UK’s Funniest Bingo Caller?
‘Mirror, mirror on the wall, who is the funniest of them all?’ Well, you don’t need ask anymore, because Dabbers Bingo has answered the question. And the winner is… *drumroll* Ali Brice and his alter ego, Eric Meat! Dabbers Bingo put out the call for the UK’s funniest in their Bingo Comedy Caller Contest 2025 and it was answered in style this week in a Grand Final to remember. Ali…
by
Charles Shakespeare
Charles Shakespeare
Time to read 3min
Read this news
15. Jul 2025 08:43
Bingo's Youth Revolution: Millennials Reshape the Game in the UK
A seismic shift is underway in the world of UK bingo, latest data from the 2025 WhichBingo Bingo Players Survey has uncovered. Millennials are now the dominant force in bingo, breathing vibrant life into this beloved British pastime. For years, bingo has been synonymous with an older demographic. However, our comprehensive survey, polling 1,200 UK players, shows that the 29-44 age bracket – the millennials – are now leading the…
by
Nic McBride - WhichBingo Senior Editor
Nic McBride
Time to read 3min
Read this news
11. Jul 2025 09:12
TOWIE's Bobby Norris Dabs Out with Fanny Galore in Latest Series
Get ready for a fabulous dose of bingo, drag, and celebrity sparkle as WhichBingo’s highly anticipated “Dabbing Out” Series 3 returns. Episode one starts with a bang – featuring none other than The Only Way Is Essex legend Bobby Norris at drag bingo. “You gotta love a bit of drag and bingo,” Norris said, as he and Dabbing Out host Charlie Shakespeare play bingo at Fanny Galore’s Big Bingo Party….
by
Killian Morris
Killian Morris
Time to read 3min
Read this news
7. Jul 2025 15:27
Behind the Numbers: The WhichBingo Awards 2025 Voting Revealed
What does your favourite bingo or casino site say about you? Well, we have analysed all 265,000 votes and data from the WhichBingo Awards 2025 – to reveal how your vote played a key role, which sites and games made an unseen impact, and what it might say about you… You can view all the WhichBingo Awards 2025 winners here. What Your Favourite Bingo Site Says About You: Your Voting: The Big Picture 2025…
by
Nic McBride - WhichBingo Senior Editor
Nic McBride
Time to read 6min
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