Evolution

Evolution AB is a Swedish gaming technology company founded in 2006 and headquartered in Stockholm, Sweden. The company develops and licenses B2B live casino software and technology platforms for online casino operators in regulated markets around the world. Evolution's core product is its live dealer casino suite, which streams real-time table games — including Blackjack, Roulette, Baccarat, and Poker — from purpose-built studios staffed by professional dealers. The company has expanded significantly through organic innovation and acquisitions, adding game shows such as Crazy Time, MONOPOLY Live, and Deal or No Deal, as well as slots and crash games. Its brand portfolio includes Evolution, NetEnt, Red Tiger, Ezugi, Big Time Gaming, Nolimit City, Sneaky Slots, and DigiWheel. Evolution operates studios across Europe, North America, Latin America, and Asia, serving more than 870 B2B operator clients including BetMGM, Caesars, FanDuel, Fanatics, and Betano. The company is licensed and regulated across multiple jurisdictions including the UK Gambling Commission and the Malta Gaming Authority. Evolution was first listed on Nasdaq First North Premier in Stockholm in 2015, moved to Nasdaq Nordic in 2017, and trades today on Nasdaq Stockholm under the ticker EVO. In 2023, the company reported revenue of approximately EUR 1.8 billion and net income of approximately EUR 1.07 billion, with a total workforce of over 19,000 employees.