In order to strengthen its position as the industry leader in live casino gaming, Evolution Gaming announced the strategic acquisition of Arcadia Gaming Solutions. Evolution's expanding collection of cutting-edge gaming solutions will now include Arcadia, a company well-known for its unique technology that enables players to interact with real-time physical arcade machines remotely.
A $2.77 million cash upfront payment and a potential earn-out are part of the acquisition; the earn-out will depend on how well Arcadia's games perform in 2027. Completion is anticipated in the latter part of 2024, subject to closing conditions and regulatory approvals, as is customary in these kinds of transactions.
A $2.77 million cash upfront payment and a potential earn-out are part of the acquisition; the earn-out will depend on how well Arcadia's games perform in 2027. Completion is anticipated in the latter part of 2024, subject to closing conditions and regulatory approvals, as is customary in these kinds of transactions.
