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

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
4. Jul 2025 12:33
WhichBingo Wins Best Bingo Affiliate 2025
And the winner is… us! A panel of expert judges has officially crowned WhichBingo as the #1 guide to finding top bingo sites. WhichBingo won Best Bingo Affiliate at the iGB Affiliate Awards 2025 in London. “We’re incredibly proud to receive this award. It’s a clear sign that our commitment to connecting players with the best bingo sites is being recognised by the iGaming industry,” said WhichBingo Senior Director Lynsey…
by
Nic McBride - WhichBingo Senior Editor
Nic McBride
Time to read 3min
Read this news
27. Jun 2025 09:48
£100,000 Prize for National Bingo Week
National Bingo Week is ending with a bang! Buzz Bingo has put up a £100,000 prize in its Big Money Live this Sunday. The £100,000 will go to the lucky person who gets a Full House. And there is also a £10,000 prize for 2 lines, and a £5,000 prize for 1 line – making for a total of £115,000 available to be won in one game. What a way…
by
Nic McBride - WhichBingo Senior Editor
Nic McBride
Time to read 2min
Read this news
15. May 2025 07:00
WhichBingo Awards 2025 – Gala Crowned the Best Bingo Site By You
The WhichBingo Awards are over for another year and what an exciting one it has been! Since first launching in 2014, the WhichBingo Awards have become one of the most coveted awards in the industry and our event this year held on May 14th was a huge success. Once again, the WhichBingo Awards 2025 took place on the beautiful Sunborn Yacht Hotel in Gibraltar, so really there are no losers for…
by
Jennifer Mcfadyen
Jennifer McFadyen
Time to read 3min
Read this news
Spinner
James Gibson – Freelance Writer – iGaming Specialist
James Gibson
iGaming Specialist
The Bonus & Banking 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