There is another acquisition to be heard about this week. The live dealer provider company offering B2B solutions called Ezugi has been acquired by the leading casino streaming giant Evolution. Evolution Gaming has been reinventing itself to offer the best live streams of casinos all over the world. Live Casino gaming is growing popular among masses and already there are several channels and apps that offer to play through these sites. On the talk about the buyout, we are looking at an upfront $12 million.
There are chances of an upgrade of the contract too for up to $6 million. The whole agenda behind this acquisition is to gain a further 2 to 9% of the projected iGaming market by 2020. The figures are growing rapidly and the one with proper infrastructure is surely going to stay vital for long. As a part of the agreement under contract, Ezugi will offer its studios located worldwide to deliver streaming content for mobile and web services. These include live dealer solutions to online channels in Europe, North America, Latin America, and South Africa. All these locations are growing prominent iGaming markets.
Market shares are rising
Evolution Gaming has been expanding rapidly. They wish to drastically augment their capabilities through market shares and further strengthen their product development. The ability to perform delightfully in other scenarios like Romania counts too. The leading video-streaming casino company launched their ninth studio in Atlantic City in the US. And, right after a few months, they have shown an increasing interest in gathering more aggregators of live dealer solutions. They together make the end to end functionality possible. The purchase agreement of Ezugi by Evolution Gaming has been successfully processed. If it might affect you, then don’t forget to check the stock prices. This shall help the company, the brand to accelerate their geographical presence across the glove.
Especially in the markets evolving around casino gaming. Kfir Kugler, CEO, and Founder of Ezugi has expressed satisfaction after the purchase. In the six years, it has been in operation, they have grown a lot. They wish to offer high-speed streaming and unparalleled quality of content, game choice as the next step. Evolution Gaming is also expanding beyond the horizon. It is aggressive with the launch of a new studio in Belgium very recently.
It was also in news recently for pairing up with PokerStars NJ only this month’s beginning. Also, back at EGR in October, their Lightning Roulette was also awarded the prestigious GOTY Award. A lot of things are going well for the brand and it is definitely trying to use to their advantage for setting up an even better infrastructure, supply chain and outreach to customers across the world.