Live Casino supplier Evolution Gambling declared Wednesday that it has penned an agreement to obtain Ezugi, cutting edge, mobile and internet live dealer gaming supplier.
Based on the official press launch …
The first concern of $12 million in the all-cash deal could possibly see the accession of a maximum consideration of $6 million. The trade ’s intended conclusion is for early in the year and is subject to certain closing conditions.
Increase global footprint:
Courtesy of this acquisition, the Riga-headquartered business ’s geographical footprint increases and expansion in key markets will quicken. The buy is reportedly expected to include 2 to 4 percent to next year’s earnings and add value to the firm’s earnings per share throughout the year.
Global existence :
Launched in 2012, Ezugi currently works nine studios with 20 games, supplying online operators, betting shops and land-based casinos with B2B mobile and internet live dealer options. The firm’s markets include South Africa, Latin America and Europe, as well as the U.S. states of Oklahoma and New Jersey.
As well as accelerating Evolution’s expansion via additional market stocks, operational capacity and product growth in the organization ’s existing markets like the U.S. and Romania will additionally profit. The statement comes on the heels Evolution’s August unveiling of this opening of its original U.S. live casino studio. Its fresh purpose-built production studio can be found in Atlantic City, New Jersey.
As of November 2018, Ezugi and Evolution are the only Live Casino providers who are operating in the U.S. market, according to the press release.
“very logical next step“
Commenting on the current statement, Chief Executive Officer for Evolution Gaming, Martin Carlesund said that he was “pleased” regarding the agreement and the acquisition is a “very logical next step for Evolution that will boost our market share in key existing markets, like the U.S, where Ezugi’s existence and customer base will increase our continuing market growth in addition to add licensees in new markets, including South Africa.
Also commenting was that the Organization ’s Chairman and founder, Jens von Bahr, who added…
“This tactical bargain will see Evolution raise its geographical footprint and accelerate expansion. It will enable us to fast-track the accessibility to Evolution’s top-ranking software as well as to support continued business leadership with the addition of well-established growth teams and operational tools.
“great satisfaction“
For its own part, Ezugi founder and Chief Executive Officer, Kfir Kugler explained that announcing the agreement gives him ldquo;excellent satisfaction.
Kugler went on to state …Ezugi has come a long way since it was founded in 2012 and becoming part of Evolution marks the right next step for us. Evolution’s superior offering in areas like streaming speed and quality, user experience, game choice and all-round operational excellence will help bring the service to the current Ezugi operators into the next level.
Planned utilization of NJ studio:
The unveiling in August from Evolution was preceded by a series of statements from Resorts Casino Hotel, 888casino, Hard Rock Hotel & Casino Atlantic City, Ocean Resort Casino Atlantic City along with the Rush Street Interactive-managed PlaySugarHouse.com announcing They’ll utilize the studio to launch live casino services for your Garden State’s players.
Last month, the Stockholm-listed firm inked a supply agreement to supply its goods to players in New Jersey via the domain at PokerStarsCasinoNJ.com. And this month, the business declared that it’s partnered with Belgian operator Ardent Group to launch a high-value tv program branded across the locally-licensed domain at Circus.be.
