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Summit Spotlight: LSports to be the Google of sports data

September 19, 2022

FAQs

While we have done our best to provide an accurate and detailed overview of what Evolution Gaming do and who they are, we understand that there still might be a few burning questions in your mind, so we have endeavoured to think ahead and provide a few answers here.

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The Gibraltar-based 888 Holdings PLC has inked a deal with Swedish developers NetEnt to bring a slew of new games to the firm’s live casino offering, including roulette and blackjack variants such as Live Roulette and Blitz Blackjack.

Evolution Gaming currently provides all of the live casino games on 888holding’s flagship brand 888casino, but the LSE-listed firm is excited to expand its offering with new premium NetEnt games that offer immersive features like the chance for direct interaction with professional dealers over low latency connections as well as multiple camera angles and a variety of other customisable options.

As has become standard with new gambling titles coming to market today, the new games will also provide easy ways for players to set limits and stay in control of their spending and will fulfil 888’s and NetEnt’s commitments to responsible gaming.

Commenting on the deal, senior B2C vice president of 888holdings, Guy Cohen, said: “We’re very pleased to be signing a new deal with NetEnt Live Casino—one of the world’s finest live casino developers. The live casino has become an important component of our offer, as players seek the best of Las Vegas, Atlantic City, and Monte Carlo wherever they are.”

NetEnt’s live casino director Andres Rengifo added: “We are thrilled to provide [888casino] players with access to our exciting portfolio of interactive and sophisticated live casino games. With multiple camera views, fully customised options, and professional dealers to boot, we are excited by the potential of this partnership”.

The deal is the latest in a series of new partnerships struck by 888holdings in the past few weeks. In June the company teamed up with Playzido to brings popular new titles to their various platforms, including Bulletproof Games’ Tiki Runner, ReelPlay’s Atlantis Megaways, and Endemol Shine’s Deal or No Deal Rapid Round.

They also partnered with Betgenius to provide wide-ranging in-play and pre-match content for its sportsbook brand, 888sport, around the world. And most recently in July recently the firm extended its partnership with the Delaware Lottery for two more years to be its exclusive technology provider.

News of the new partnership between 888 and NetEnt comes as the development firm has agreed to be acquired by Scandinavian rivals Evolution Gaming in a deal worth SEK 19.6bn (£1.74bn) SEK 79.93 (£7.10) per share. The deal will see Evolution acquire 90 per cent of NetEnt’s corporate shareholding at a premium of 43 per cent on NetEnt’s closing SEK 56.10 share price on 23 June on the Nasdaq Stockholm Exchange.

Chairman of Evolution Gaming, Jens von Bahr, lauded the prospects for the newly combined firm, saying: “The combination of Evolution’s strong offering in a live casino with NetEnt’s leading position in online slots will result in a world-class portfolio of online games that will enable us to serve a growing customer base”.

888 was founded in 1997 and today is one of the most recognisable brands in the UK’s gaming market with brands including 888Casino, 888Poker, and 888Sport, and is a constituent of the FTSE 250 Index.

However, in March 2018 the firm announced that it had applied for a gaming license in Malta due to the uncertainty surrounding the future of Gibraltar, where the company is based, upon the UK’s exit from the European Union and the next transition period.

Meanwhile, NetEnt was founded one year earlier in 1996 and has long been a pioneer in the online gaming market from its base in central Stockholm. The company currently has developed over 200 games, which it licenses to some of the world’s largest gaming operators.

One of the biggest names in slot games, NetEnt is set to sell up to Evolution Gaming for a whopping £1.9bn! NetEnt, known for popular slot games like Starburst and Gonzo’s Quest, has received the bid for 90% of its shares - and the board are recommending that shareholders take the deal.

If you don’t know Evolution gaming, they are a giant in the live casino games space, with a huge portfolio of live card games and live roulette under their belt. Adding NetEnts library of 200 slot games to this partnership will put both companies in a strong position to move into new markets and expand their reach in existing ones.

The Chairman of Evolution Gaming, Jens Von Bahr, said the following: “This strategic deal marks a significant step towards Evolution’s long-term vision of becoming the global market leader in the online casino industry.”

He continues, “Furthermore, NetEnt’s established US positioning combined with Evolution’s existing US studios and first-to-regulated-market strategy will put us in a favourable position to capitalise on the on-going regulation in North America.”

It’s clear that this synergetic relationship will be beneficial for both parties, which is why the NetEnt board are so keen for shareholders to allow the takeover to happen. What does this mean for your favourite NetEnt casino sites though?

Well, for us in the UK, nothing really! Both NetEnt and Evolution games are available at most of your favourite online casino sites, and you will be able to continue enjoying what they offer. If by some chance you’re in a market where these providers don’t have a big presence, get ready to find out why everyone’s talking about the Street Fighter II slot game!

Live casinos grew in popularity significantly due to the fact that they provide players with the unique opportunity to get an experience almost identical to the one they usually gain when going to a brick-and-mortar casino. Thanks to the live games, it is now possible to enjoy the casino classics with a live dealer and other fellow players and do it at the most convenient time and place. Live casino games are the innovation in the gambling world which has significantly helped for the increasing popularity of the online casinos. This type of games attract a huge number of players globally because of the many benefits and special features they offer.

• Live Casino Streaming Studios
• Live Casino Software
• Importance of the Live Casino Software Provider
• Most Famous Software Suppliers
• NetEnt
• Microgaming
• Evolution Gaming
• Playtech
• Extreme Live Gaming
• Conclusion

In order to manage to provide players with an extremely authentic experience, live casinos use cutting-edge technology and high-quality software solutions. Usually, an independent from the casino software provider also takes part in the process. The gaming company is responsible for a number of crucial factors such as the quality of the live streaming video. Since software companies offer their live-dealer games to numerous online casinos, the interior of the studio and the dealers seen in each game, might not be unique for the particular gaming house.