Latest News
Evolution has entered into an agreement to acquire Nolimit City
Evolution AB (publ)’s wholly owned subsidiary, Evolution Malta Holding Limited, (“Evolution”) has entered into an agreement to acquire the entire issued share capital of Nolimit City Holding Ltd (“Nolimit City”) for an upfront consideration of EUR 200 million (the “Transaction”). With earn-outs of up to EUR 140 million the total consideration can amount to up to EUR 340 million, payable in cash.
Transaction highlights and strategic rationale
Nolimit City is a truly innovative, world-leading producer of online slots games that has created its own niche in the market through games with sometimes provocative themes and a humorous touch. Nolimit City games stand out and offer players a unique, graphically rich playing experience. Nolimit City titles include award-winning games such as Mental, San Quentin and East Coast/West Coast.
The acquisition is in line with Evolution’s strategy of being the world’s number one provider of online casino games, supplying its customers with the best gaming content. With the Nolimit City brand, Evolution extends its portfolio of world leading slot brands that already includes NetEnt, Red Tiger and Big Time Gaming.
“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.” – Jens von Bahr, chairman, Evolution
“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.” – Jonas Tegman, Co-Founder, Nolimit City
Nolimit City revenue is expected to amount to EUR 30 million with an EBITDA of EUR 23 million for the calendar year 2022. The Transaction will contribute positively to 2022 EPS for the Evolution Group.
Consideration and financing
The total up-front consideration payable by Evolution in the Transaction is EUR 200 million on a cash and debt free basis. The consideration is financed from cash at hand. In addition, Evolution may pay earn-out payments in cash, based on Nolimit City’s EBITDA for the years 2022, 2023 and 2024, respectively. The earn-out payments will amount to a maximum of EUR 140 million, and become payable in 2023, 2024 and 2025, respectively.
Conditions and time plan for the acquisition
Completion of the Transaction is conditional upon receipt of regulatory approvals and is expected during Q3 2022.
Advisors
Evolution has engaged Gernandt & Danielsson, Wiggin, Deloitte and EY in connection with the Transaction. Nolimit City has engaged Advokatfirman Delphi as legal advisor in connection with the Transaction.
Powered by WPeMatico
1spin4win
1spin4win goes live on Stake.mx to extend its presence in Mexico
1spin4win, an established slot provider, brings its portfolio to Stake.mx. Following the operator’s recent launch in Mexico, the deal marks an important step in the studio’s expansion across Latin American markets.By partnering with one of the world’s largest online casino and sportsbook operators, through Stake.mx, 1spin4win further reinforces its position in Latin America, one of the provider’s key strategic directions. The collaboration follows the studio’s strong regional progress in 2025, when bet count increased by 31.32% and player count surged by 120% compared to 2024.
Mexico has become an important part of this momentum. In 2025, 1spin4win’s bet count in the country tripled year-on-year, while GGR grew by 2.9x compared to 2024. Against this backdrop, and following the operator’s official launch in Mexico, joining forces with Stake.mx marks a significant step for the provider in one of Latin America’s largest iGaming markets.
Through the agreement, 1spin4win’s portfolio of over 200 classic online slots will become available to the brand’s audience in the country. The lineup features timeless fruit titles, coin-based games, seasonal content, and themed adventures.
This will also include the upcoming sports-themed release Lucky Goal Hold and Win, created to reflect the spirit of the 2026 football campaign. With its relevant concept and Hold and Win mechanics already ranking among the market’s top-performing formats, the title is expected to resonate strongly with local players.
Jaime Carvajal, Business Development Manager at 1spin4win, “We are pleased to go live on Stake.mx as we continue growing in Mexico. This collaboration allows us to introduce more players to our classic slot portfolio, built around fast loading, stable performance, and simple
access across devices.”
About 1spin4win
1spin4win is an established game provider founded in May 2021 by ambitious developers with over 15 years of experience in the gambling industry. Since its inception, the company has expanded its portfolio to include over 200 classic online slots, all characterized by quality mathematics, transparent mechanics, and well-balanced gameplay — key factors that drive strong player retention. The studio aims to release an average of four new games each month in 2026 and offers effective promotional tools for casino operators to help them enhance player loyalty.
About Stake
Stake is the world’s largest online casino and sportsbook, attracting over 100 million monthly visits across its global domains and processing more than 100 billion bets per year. Founded in 2017, Stake has grown into a globally recognised platform built on innovation, world-class partnerships, pioneering crypto wagering and a deep connection with its global community. Stake is renowned for its growing expansion into regulated local-currency markets, including Italy, Denmark, Mexico, Brazil, Colombia, Peru and Argentina. The brand maintains an extensive global sponsorship portfolio spanning music, sport and culture, with partners including Drake, X Games, Everton Football Club and the UFC.
For more information, visit stake.com.
1spin4win goes live on Stake.mx to grow its footprint in Mexico
We’re excited to announce that the 1spin4win portfolio is now available to players in Mexico through Stake.mx, part of one of the world’s largest online casino and sportsbook operators. Following the brand’s recent official launch in the country, this collaboration marks a significant step in our continued expansion across Latin America.
Our efforts in the region translated into strong results in 2025. Over the year, 1spin4win achieved a 31.32% increase in bet count and a 120% surge in player count compared to 2024. Mexico has become an essential part of this growth. In 2025, our bet count in the country tripled year-on-year, while GGR rose 2.9x.
Through the deal with Stake.mx, players will gain access to over 200 1spin4win classic online slots, featuring timeless fruit titles, coin-based games, seasonal content, and themed adventures.
The lineup will also include Lucky Goal Hold and Win. Launching on June 11, this sports-themed release captures the spirit of the 2026 football campaign. Given its current relevance and Hold and Win’s ranking among the top-performing mechanics in Mexico, we expect the slot to appeal strongly to local players.
Jaime Carvajal, Business Development Manager at 1spin4win, “We are pleased to partner with Stake.mx as we continue growing in Mexico. This collaboration allows us to introduce more players to our classic slot portfolio, built around fast loading, stable performance, and simple access across devices.”
The post 1spin4win goes live on Stake.mx to extend its presence in Mexico appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Africa
Gaming Realms expands into three African markets via SportyBet partnership
Gaming Realms, the originator of the distinctive Slingo format, has expanded its presence in Africa by partnering with SportyBet in Nigeria, Kenya, and Ghana, only weeks following its market launch in South Africa.
Players in the area of the top operator can now explore a wide range of Slingo games, featuring popular titles like Slingo Sweet Bonanza, Slingo Day of the Dab, and Slingo Xxxtreme. The legendary product has demonstrated widespread attraction worldwide, delivering a distinct experience that fuses the thrill of slots with tactical elements.
The operator belongs to Sporty Group, a global media and entertainment firm that possesses licenses to provide betting and online casino offerings in various regulated African areas.
Entering the three newly regulated markets marks a significant accomplishment for Gaming Realms, with Africa being a crucial growth region for the provider that has quickly expanded its footprint in Europe and North America in the past year. The newest expansion comes after a recent market launch in South Africa, with the company planning to grow further in the African region soon.
Laura Norton, Account Manager at Gaming Realms, said: “Entering three new African markets at once together with SportyBet is a fantastic achievement for the Gaming Realms team.
“We are encouraged by the initial performance and are confident our unique content is appealing to SportyBet’s local customers and look forward to a successful partnership.”
Joey Hurtado, Director of Casino at SportyBet, said: “Being the first operator to introduce Gaming Realms’ content in three of our core African markets is a real coup.
“Their product offering provides something truly different and this collaboration helps us deliver on our promise to offer our customers a best-in-class entertainment experience.”
The post Gaming Realms expands into three African markets via SportyBet partnership appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Africa
Greentube partners with World Sports Betting to expand in South Africa
Deal follows Greentube’s spring 2025 market entry and brings Book of Ra and other slots to the operator’s casino lobby.
Greentube has signed a content partnership with South African operator World Sports Betting, extending its distribution in the country following its market entry in spring 2025.
Under the agreement, World Sports Betting will roll out a selection of Greentube titles, mixing new releases with established land-based games. Initial launches include Queen Cleopatra and 25 Red Hot 7 Clover Link.
The wider lineup named in the announcement includes Book of Ra, Lucky Lady’s Charm and Sizzling Hot. Greentube said the content package has been tailored for South Africa.
Razvan Glodea, Sales and Key Account Manager at Greentube, said: “We’ve been working hard to bring our games live with such an important brand in the South African market, and we’re excited to make our portfolio accessible to even more players.
“With our iconic titles that players already know and love, we’re confident in gaining strong engagement alongside World Sports Betting. We’re also looking forward to delivering great results, supported by a range of exciting promotional activities planned for players very soon.”
Ryno Du Plessis at World Sports Betting, added: “Greentube’s portfolio features some of the most recognisable titles in the industry, and we’re delighted to bring these games to our players.
“This partnership allows us to further strengthen our casino offering with content that has a proven track record, while also introducing exciting new games tailored to our audience.”
The post Greentube partners with World Sports Betting to expand in South Africa appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
-
Brasil4 days agoPara Sportradar, Copa do Mundo 2026 deve redefinir estratégias de aquisição e engajamento nas apostas esportivas
-
Compliance Updates6 days agoExpanse Studios Secures Colombia Market Certification
-
Asia6 days agoPlayson Secures Approval from PAGCOR for Game Distribution in Philippines
-
Blueprint Gaming5 days agoBlueprint Gaming announces The Goonies Quest for Treasure 3 slot
-
Africa5 days agoBede Gaming’s Latest Sunbet Expansion Delivers iGaming Platform to Namibia
-
Booming Games5 days agoBooming Games launches Way of the Wolf: Hold and Win Extreme 10,000 slot
-
Amusnet6 days agoAmusnet Strengthens Asian Expansion Strategy with Strong Presence at SiGMA Asia Manila 2026
-
Africa6 days agoAlea adds FAZI games via single API aggregation deal



