Evolution Company Profile – Leadership, Partnerships, and Global Operations

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About Evolution

Since its start in 2006 in Sweden, Evolution has carved a niche as a B2B leader. These days, it caters to over 800 online casino brands in more than 30 countries. The company provides live casino options featuring dealers along with RNG games from the studios they’ve selected. Evolution runs over 1,600 live tables from more than 20 studio locations, mixing data analysis with content creation to support operators worldwide.

Mission and Business Focus

Evolution provides iGaming services to over 800 operators in various regulated markets across the globe.

Mission and Business Focus
  • Live dealer games and game shows
  • RNG-based slots through brands they've picked up
  • Assistance with licensing and compliance in different places
  • Studios operational in more than 20 locations
  • Casino systems that run smoothly for operators

Primary Market Focus

Evolution looks at iGaming markets worldwide. The company favors online and land-based casinos in a variety of regions:

Primary Market Focus

The History of Evolution

Evolution began its journey in 2006 when it started in Sweden as a B2B live casino provider. Since then, there’s been consistent growth.

  1. 2006Evolution kicked off in Sweden as a B2B live casino provider
  2. 2020Acquired NetEnt for €1.9 billion
  3. 2021Acquired Big Time Gaming for €450 million
  4. 2022Acquired Nolimit City for €340 million
  5. 2024Expansion in the US and Canada with the opening of the Michigan office & more

Founders & Key People Evolution

The team at Evolution plays a key role in keeping the company at the forefront of live dealer games, drawing on iGaming insights and acquisitions across regulated markets. This team operates worldwide from more than 40 studios and has joined forces with over 800 operators.

Executive Leadership Team

Martin Carlesund

CEO
Specialist in growth, particularly in B2B software

Joakim Andersson

CFO
Experienced in finance management and leading companies

Jens von Bahr

Founder
Co-founder with over two decades of experience in live casino development

Evolution Ownership Structure

Evolution is publicly traded on Nasdaq Stockholm with the ticker EVO, which plays a role in how ownership is shared between institutional and private investors:

  • As a public company, shares can be traded freely on Nasdaq Stockholm’s main market;
  • Shareholders include Kenneth Dart (16.55%), Österbahr Ventures AB (10.57%), and Capital Group (9.54%);
  • The founders maintain influence by holding stakes through Österbahr Ventures;
  • Unlike many tech startups, it doesn’t rely on venture capital or private equity.

Offices & Headquarters Evolution

The main office of Evolution is in Stockholm, Sweden, located at Hamngatan 11. The Warsaw office handles decisions, planning, and oversees studios in Europe, North America, Asia, and Latin America, managing a staff of 21,673.

Evolution Office Locations

The company effectively balances central operations with teams spread around the world. Offices are positioned across different continents, with the main office serving as the hub for operations while experts manage their respective tasks.

Main Office Locations

Licensing & Regulatory Info Evolution

Evolution works alongside licensed operators in more than 20 regulated regions, ensuring compliance with the rules set in each market it operates in. The company checks the licenses of its partner operators and adjusts to the local requirements in every area it operates. Here are just some of the licenses this company has:

Regulatory Bodies & Compliance Measures
  • Belgium, Kansspel Commissie (Belgium Gaming Commission), Vergunning klasse E
  • Gibraltar, The Gibraltar Gambling Commission, Remote Gambling License B2B Gaming Operator’s License – RNG & Live
  • Malta, Malta Gaming Authority, Critical Gaming Supply License, B2B
  • United Kingdom, United Kingdom Gambling Commission, Remote Operating License
  • Canada licenses – Alberta, Ontario, British Columbia, Quebec
  • US licenses – Michigan, Delaware, New Jersey, Pennsylvania, and more

Fostering Business Relationships

Evolution shares its content via platform integrations with several third-party aggregators. Some notable partners include Scientific Games Open Gaming System, SoftGamings’ aggregated API, EveryMatrix, NuxGame aggregation, and SYNOT Interactive, all working to distribute Evolution’s live dealer games and RNG offerings to a diverse set of operators across the globe:

  • Scientific Games Open Gaming System connects Evolution content across various regulated areas;
  • SoftGamings’ combined API simplifies the process for online operators to offer Evolution games;
  • EveryMatrix incorporates Evolution’s entire game range into its casino management system;
  • NuxGame aggregation presents Evolution’s titles alongside content from other suppliers;
  • SYNOT Interactive allows access to Evolution games through its multi-provider setup.

Contact Details for Evolution

Partners, operators, and job seekers can get in touch with Evolution via its website at www.evolution.com.

John Robery
Author of the review
John Robery
Content writer
John is an experienced content strategist. He has nearly a decade of experience in creating highly valuable online content that informs and inspires. John is a co-founder of 15M, and the Managing Partner of Belianin.
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