About Organisation
Brief Overview
Evolution AB (publ) is one of the leading B2B providers of live casino solutions for online operators. The Swedish company trades on Nasdaq Stockholm (EVO) with a market capitalisation of approximately €15.6 billion.
- Founded: 2006
- Employees: 21,673 (as of Dec 2024)
- Revenue (2024): €2.064 billion
- Business Model: B2B software provider
Mission and Business Focus
Evolution develops integrated online casino systems and operates through two key segments:
- Live Casino: Live dealer games, game shows (primary revenue driver)
- RNG Games: Online slots and table games (acquired brands)
Company History & Founders
Year Founded and Evolution
| Year | Milestone |
| 2006 | Company founded in Sweden |
| 2015 | IPO on Nasdaq First North |
| 2017 | Moved to Nasdaq Stockholm main market |
| 2020 | Acquired NetEnt for €1.9 billion |
| 2021 | Purchased Big Time Gaming for €450 million |
| 2022 | Bought Nolimit City for €340 million |
Key People / Founders
- Founders: Jens von Bahr, Fredrik Österberg, Richard Hadida
- CEO: Martin Carlesund
- CFO: Joakim Andersson
Licensing & Regulatory Info
Active Gaming Licenses
| Region | License | Status |
| Europe | Malta Gaming Authority (MGA/B2B/187/2010) | Active |
| UK | UK Gambling Commission (#41655) | Active (under review Dec 2024) |
| Nordics | Sweden, Denmark | Active |
| EU | Belgium, Bulgaria, Romania, Spain | Active |
| USA | New Jersey, Pennsylvania, Michigan, Connecticut, West Virginia, Rhode Island, Delaware | Active |
| Canada | Ontario, Quebec, British Columbia, Alberta | Active |
| Other Markets | Curacao, International Licenses | Active |
Regulatory Bodies & Compliance Measures
- Certified and tested by third-party labs
- Approved across 20+ regulated jurisdictions
- Focus on compliance, AML, and responsible gambling
- Recent fines: $15,000 (Pennsylvania, 2024)
Offices & Headquarters
Main Office Locations
| Headquarters | Hamngatan 11, SE-111 47 Stockholm, Sweden |
| Largest Studio | Riga, Latvia |
| European Hub | Malta (300+ employees) |
| Studio | Tbilisi, Georgia |
| North America | Vancouver, Canada; New Jersey, USA |
Global Reach
- Studios in 20+ locations across 4 continents
- 1,600+ live tables in operation
- Recent expansions: Philippines (2025), Czech Republic, Colombia
Business Partnerships
Platform and Software Providers
- Scientific Games Open Gaming System
- SoftGamings unified API
- EveryMatrix platform
- NuxGame aggregation
- SYNOT Interactive
Operator & Affiliate Networks
- Major Clients (800+): FanDuel, DraftKings, BetMGM, William Hill, 888 Casino, bet365, Flutter Entertainment, Evoke plc
- Key Partnerships: Hasbro Games (multi-year, 2025), NetEnt integration, Big Time Gaming Megaways™
- Ownership: Public company – Kenneth Dart (16.55%), Österbahr Ventures AB (10.57%), Capital Group (9.54%)
Contact Details
Company Address
- Corporate HQ: Evolution AB (publ), Hamngatan 11, SE-111 47 Stockholm, Sweden
- Investor Relations: Available via official website
Email / Phone
- Website: www.evolution.com
- Phone: +46 (0)8-4404660 (Stockholm office)
- LinkedIn: linkedin.com/company/evolution-global-inc
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