Evolution Gaming to acquire Nolimit City

By Simon Wright Jun 22, 2022

Big news this morning in the iGaming space which concerns the latest acquisition, with the powerhouse live gaming content provider Evolution Gaming entering into an agreement to acquire the casino game studio Nolimit City, for an eye watering €340m in cash.

Nolimit City and Evolution Gaming should both be well known to visitors to Casinomeister and the agreed deal will see Evolution AB’s wholly owned subsidiary, Evolution Malta Holding Limited, acquiring the entire issued share capital of Nolimit City Holding Ltd (“Nolimit City”) for an upfront consideration of EUR 200 million. With earn-outs of up to €140 million the total consideration  and value of the deal could  amount to up to €340 million, payable in cash.

In a press release issued this morning by Evolution, their chairman Jens von Bahr stated: “With the addition of Nolimit City to the Evolution family we extend our portfolio of truly innovative and cutting edge games from the top brands and game makers in the industry.”

“We have followed Jonas, Emil and their team for a few years and been impressed as they have established a completely new style of slot games. I am proud that yet another of the very best minds in our industry has chosen to join the Evolution network.”

While Jonas Tegman the Co-Founder of Nolimit City said of the news: “I cannot think of a better match between two companies then between Nolimit City and Evolution, we are fully aligned in terms of people, product, technology and how to get the job done.”

“The slot vertical is under massive change, and we can’t wait to take on the challenge of global expansion together with Evolution, helping out with navigating towards the best slot product offering in the market.”

The acquisition of Nolimit City should it materialise, will follow Evolution’s acquisition of the Swedish casino studio NetEnt, which valued the company at a near €2bn.

Nolimit City have an active presence on the forum here on Casinomeister and continue to regularly release new slot games, which can be found on several of the accredited online casinos which we feature. Most recently their latest title Folsom Prison was released,

Simon Wright

Simon Wright has been both a player and an observer of the online casino industry for over 15 years. His knowledge of the online casino industry – to include sports is massive. Not many folks have the experience or his knowledge about online gambling. His adoration of football is also noted. He has painted his house blue (Chelsea) and annoys his neighbors with local football songs on game days.