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Evolution AB (Evolution) is a B2B solution provider that offers live casino, game shows and slots. It also provides licenses to live casino solutions for various gaming operators. The company's games include live roulette, lightning roulette, live blackjack, live baccarat, craps, teen patti, mega ball, dual play, super sic Bo and dragon tiger and live poker among others. The company markets products under the brand names Evolution, Ezugi, NetEnt, Red Tiger, and Big Time Gaming. Evolution operates live casino studios, land-based live casinos, and live casinos for TV and mobile. It has business presence across Europe, North America, and Asia-Pacific. Evolution is headquartered in Stockholm, Sweden.
Headquarters
Sweden
Address
Hamngatan 11, Stockholm, 11147
Website
www.evolution.com
Telephone
46 8 4404660
No of Employees
22,475
Industry
Media
Ticker Symbol & Exchange
EVO (STO)
Revenue (2024)
$2.4B
-4.3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-14.6%
(2024 vs 2023)
Market Cap*
$13.7B
Net Profit Margin (2024)
XYZ
-10.8%
(2024 vs 2023)
* As of and is in US$
Products and Services
| Products | Services | Brands |
|---|---|---|
| RNG Table Games | Production and Development of Live Casino Solutions | Evolution |
| Online Live Casino Games | B2B Online Gaming Solutions | Ezugi |
| B2B Online Casino Services | NetEnt | |
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Corporate Changes/Expansions | In May, the company opened a live dealer studio in Grand Rapids, Michigan, the US. |
| 2025 | Contracts/Agreements | In October, the company extended its partnership with PlayStar in New Jersey to ensure Evolution and Ezugi remain the sole providers of all live dealer content, including for PlayStar’s new Home of Live app. |
| 2025 | Corporate Changes/Expansions | In September, the company introduced Sneaky Slots, a new slot studio. |
Competitor Comparison
| Key Parameters | Evolution AB | Betsson AB | Playtech Plc | Gamesys Group Ltd | Great Canadian Entertainment |
|---|---|---|---|---|---|
| Headquarters | Sweden | Sweden | United Kingdom | United Kingdom | Canada |
| City | Stockholm | Stockholm | Douglas | London | North York |
| State/Province | Stockholm | - | Scotland | England | Ontario |
| No. of Employees | 22,475 | 2,928 | 7,436 | 3,904 | 7,500 |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jens Von Bahr | Chairman | Executive Board | 2016 | 55 |
| Martin Carlesund | Chief Executive Officer | Senior Management | 2015 | 56 |
| Joakim Andersson | Chief Financial Officer | Senior Management | 2025 | 52 |
| Jesper Von Bahr | Chief Strategy Officer | Senior Management | 2011 | 55 |
| Ian Livingstone | Director | Non Executive Board | 2015 | 64 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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