Evolution, a leading name in the world of iGaming, has recently made waves with its announcement of acquiring Livespins, a pioneering B2B social streaming game provider. Livespins is renowned for its innovative platform, allowing operators to offer players the unique opportunity to bet behind their favorite streamers, brand ambassadors, and influencers.
The agreement marks a significant milestone in the evolution of online casino experiences. With a total up-front cash consideration of EUR 5 million and an additional earn-out based on Livespins’s performance in 2026, this acquisition underscores Evolution’s commitment to innovation and player engagement. The completion of the transaction is slated for the first half of 2024, pending certain closing conditions.
Livespins’s integration into an operator’s casino lobby via API facilitates a seamless experience for players. Multiple participants can place bets to team up and “bet behind” the streamer, fostering a sense of community and shared excitement. Todd Haushalter, Evolution’s Chief Product Officer, expressed enthusiasm about the acquisition, highlighting the game-changing nature of playing alongside streamers. He emphasized the alignment with Evolution’s roadmap and the rapid progression of the collaboration with Livespins.
Haushalter remarked, “Bringing together the fantastic tech, processes, and know-how of the team at Livespins with Evolution’s vast game portfolio, we will provide Livespins immediately with unparalleled distribution power via our One Stop Shop (OSS) integration.” He underscored the immense popularity of live streaming platforms like Twitch and YouTube, indicating a strong potential for player engagement in the new format.
The Evolution-Livespins collaboration promises to redefine the online casino landscape, offering players an immersive and interactive gaming experience. As the integration progresses and the platform evolves, players can anticipate an array of new opportunities to engage with their favorite streamers and influencers in the virtual casino world.
Stay tuned as Evolution and Livespins embark on this exciting journey to shape the future of online gaming.
