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By Reuters Staff 1 Min Read STOCKHOLM, April 26 (Reuters) - Sweden’s Evolution Gaming Group AB reported a 150% jump in first-quarter core earnings, beating market estimates, as the pandemic boosted demand for online casino games, particularly in Asia and the United States. Evolution Gaming, which develops and licenses casino games such as online slot machines and roulette games, said quarterly EBITDA rose to 160.1 million euros ($193.27 million) from 64.1 million a year ago, beating the mean forecast of 144.3 million euros, according to Refinitiv estimates. ($1 = 0.8284 euros) (Reporting by...

UPDATE 2-European shares end lower as UBS unveils Archegos hit, travel stocks soar Reuters 10 hrs ago * UBS ends at a two-month low Popular Searches * Global markets in holding pattern ahead of Fed (Updates to market close) By Sruthi Shankar and Ambar Warrick April 27 (Reuters) - European stocks ended a shade lower on Tuesday as optimism over strong British earnings was offset by UBS disclosing a hit from dealing with U.S. investment firm Archegos, while travel stocks scaled record highs on hopes of a post-COVID rebound. The pan-European STOXX 600 index slipped 0.1%, with investors holding ...

April 12, 2021 Swedish iGaming innovator Evolution Gaming Group AB has announced the signing of an agreement worth approximately $536 million that is destined to see it purchase smaller Australian rival Big Time Gaming Proprietary Limited. The Stockholm-listed firm used an official press release to detail that the arrangement is expected to close during the second quarter of the year after it has handed over some $95.3 million in cash as well as shares valued in the region of $166.8 million to investors in Big Time Gaming Proprietary Limited. The company moreover revealed that this will be su...

Evolution progresses with €450m takeover of Big Time Gaming Share Big Time Gaming for a total cash bid of up to €450 million. Identified as a ‘thought leader in online slots,’ the acquisition of Big Time Gaming will enable Evolution to take advantage of popular titles such as Bonanza and Extra Chilli as well as the Game Mechanic Megaways, which is integrated into over 200 games from multiple developers. Big Time Gaming’s 2020 revenue totalled €33 million with an EDITDA of €29 million. Evolution’s total transaction has been estimated by the firm to contribute positively to its...

Evolution progresses with €450m takeover of Big Time Gaming Share Big Time Gaming for a total cash bid of up to €450 million. Identified as a ‘thought leader in online slots,’ the acquisition of Big Time Gaming will enable Evolution to take advantage of popular titles such as Bonanza and Extra Chilli as well as the Game Mechanic Megaways, which is integrated into over 200 games from multiple developers. Big Time Gaming’s 2020 revenue totalled €33 million with an EDITDA of €29 million. Evolution’s total transaction has been estimated by the firm to contribute positively to its...