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Live casino provider Evolution Gaming said on Monday it had agreed to buy Australia-based online slot machine developer Big Time Gaming for up to 450 million euros ($534.8 million).
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...