Live casino leader Evolution has completed the acquisition of the streaming game provider Livespins for a sum of €5 million.
This acquisition agreement encompasses an initial cash payment and commits Evolution to an additional earn-out payment, contingent on Livespins’ financial performance in 2026. The completion of this acquisition is expected within the first half of the year, pending the fulfillment of certain conditions.
Evolution’s Pursuit of Innovative Gaming Solutions Leads to Livespins Acquisition Evolution highlighted that the acquisition of Livespins aligns perfectly with its strategy to offer players more engaging and innovative gaming experiences.
Livespins is at the forefront of combining live streaming with online casino gaming, enabling players to place bets alongside their preferred streamers or influencers. This integration turns gaming into a shared, thrilling experience, as wins for streamers translate into wins for their followers.
Evolution’s Chief Product Officer, Todd Haushalter, stated:
Experiencing online casino games alongside a streamer marks an innovative approach to gaming. This concept was already part of our strategy, so the acquisition of Livespins was a natural fit and progressed rapidly. Haushalter further explained:
“By merging Livespins’ impressive technology and expertise with Evolution’s extensive game portfolio, we’re poised to significantly enhance Livespins’ reach immediately through our One Stop Shop (OSS) integration.”
He also noted:
“Platforms like Twitch and YouTube have showcased the demand for live streaming in online gaming. We believe players will be excited to engage in games alongside their favorite streamers, accessible directly from the Evolution game lobby.”
Mutual Enthusiasm for the Acquisition Chris Scicluna, CEO of Livespins, expressed excitement about the merger into the Evolution Group, viewing it as a pivotal achievement for Livespins. Scicluna commented:
“Despite having content from over 40 studios already incorporated, we are at the beginning stages of our journey, so gaining recognition from a powerhouse like Evolution is extraordinary. This acknowledgment serves as a testament to our team’s dedication and the collective conviction in Livespins’ potential to transform the gaming industry.”