June 27, 2022
We’re delighted to have advised leading B2B live casino solution provider Evolution on its acquisition of NoLimit City for a total consideration of up to EUR 340 million. The deal strengthens Evolution’s strategic position as it works to become the world’s number one provider of digital casino games.
Corporate partner Ben Whitelock led a cross-department team and was assisted by Benjamin Simon and Clemency Barrett. Gambling team co-head Steve Ketteley led on the regulatory aspects of the deal, assisted by Oliver Tenzer.
This is the latest in a series of transactions we’ve advised Evolution on including the acquisitions of Big Time Gaming, DigiWheel and Ezugi.
Founded in 2006, Evolution develops, produces, markets and licences fully integrated B2B live Casino solutions to gaming operators. The company has developed into a leading B2B provider with over 600 operators among its customers.
Nolimit City is an innovative producer of online slots games that has created its own niche in the market through games with a humorous touch. Nolimit City titles include award-winning games such as Mental, San Quentin and East Coast/West Coast.
With the Nolimit City brand, Evolution extends its portfolio of world leading slot brands that already includes NetEnt, Red Tiger and Big Time Gaming.
You can find out more about the deal here.
Wiggin’s corporate practice has been involved in many of the most significant deals in the online gambling sector in recent years. The firm’s award-winning betting & gaming team advises leading sector stakeholders on commercial and regulatory mandates on both UK and international matters.