{"id":258,"date":"2024-06-27T06:27:55","date_gmt":"2024-06-27T03:27:55","guid":{"rendered":"https:\/\/75nodepositbonuscodesunriseslots.icu\/2024\/06\/27\/evolution-confirms-low-volume-slot-strategy-with-nolimit-city-acquisition\/"},"modified":"2024-06-27T06:27:55","modified_gmt":"2024-06-27T03:27:55","slug":"evolution-confirms-low-volume-slot-strategy-with-nolimit-city-acquisition","status":"publish","type":"post","link":"https:\/\/75nodepositbonuscodesunriseslots.icu\/2024\/06\/27\/evolution-confirms-low-volume-slot-strategy-with-nolimit-city-acquisition\/","title":{"rendered":"Evolution confirms low-volume slot strategy with Nolimit City acquisition"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/y_K9fcamHGA\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The acquisition of Nolimit City for \u20ac340 million appears to align with Evolution&#8217;s plan of releasing fewer, but more feature-packed games. But will this be enough for the provider to establish an unbreakable lead in slots, similar to its dominance in live casinos?<\/p>\n<p>Home > Strategy > Mergers and Acquisitions > Evolution confirms low-volume slot strategy with Nolimit City acquisition<\/p>\n<p>Evolution has made it clear since buying NetEnt in 2020 that it wants to be more than just a live casino giant, but a &#8220;one-stop shop&#8221; for online casino operators.<\/p>\n<p>From this viewpoint, the reason for acquiring slots developer Nolimit City is evident.<\/p>\n<p>However, Evolution&#8217;s Random Number Generator (RNG) division has shown little natural growth in recent results.<\/p>\n<p>However, Georg Attling, equity research analyst at Pareto Securities, notes that this is primarily due to a shift in strategy. The provider has moved away from frequent game releases to delivering higher-quality slot content.<\/p>\n<p>\u201cIndeed, Evolution&#8217;s RNG division has not yet met our expectations in terms of growth,\u201d Attling explained. \u201cHowever, this is mainly due to the realignment of the game release process.\u201d <\/p>\n<p>Following the acquisition of NetEnt (and Red Tiger), Evolution essentially ceased releasing new games at the same rate as before, as it was no longer deemed satisfactory.<\/p>\n<p>This resulted in a decrease in the number of new releases, which Attling claims hindered growth, but the situation may soon shift.<\/p>\n<p>&#8220;We anticipate a surge in new games during the second half of the year, which will significantly accelerate the growth of the games segment,&#8221; he stated. &#8220;Therefore, it&#8217;s understandable that the RNG segment hasn&#8217;t performed as well as expected, but it was a deliberate strategy.&#8221;<\/p>\n<p>Kevin Dale from Egamingmonitor believes Nolimit City aligns perfectly with Evolution&#8217;s approach to NetEnt.<\/p>\n<p>&#8220;Nolimit City&#8217;s games are truly unique and visually stunning,&#8221; he remarked. &#8220;Games with a darker aesthetic are particularly popular, such as Mental, Deadwood, San Quentin, Misery Mining, Fire In the Hole, and Tombstone.<\/p>\n<p>&#8220;They are undoubtedly a wise choice as they prioritize quality and innovative concepts over sheer volume.&#8221;<\/p>\n<p>Evolution&#8217;s CEO, Martin Carlesund, highlighted the exceptional nature of this deal in a call with investors today, following its announcement.<\/p>\n<p>He emphasized that unlike other game developers, players can often discern the studio behind the game they&#8217;re playing, especially with Nolimit City&#8217;s titles. <\/p>\n<p>As a result, Carlesund states its content attracts &#8220;seasoned slot players.&#8221;<\/p>\n<p>&#8220;This is a very clear target audience,&#8221; he clarifies. &#8220;It&#8217;s visually appealing, highly engaging, and has solid mechanics. Perhaps more suitable for experienced players, but any player who enjoys Nolimit slots will be drawn to it. They know they&#8217;re playing Nolimit &#8211; it&#8217;s evident.<\/p>\n<p>&#8220;These games fill a void we didn&#8217;t have previously, it&#8217;s clear.&#8221;<\/p>\n<p>Thus, Attling states the agreement represents a further dedication to Evolution&#8217;s slot strategy.<\/p>\n<p>&#8220;It confirms Evolution&#8217;s commitment to the area,&#8221; he says. &#8220;I believe it&#8217;s a doubling down strategy because they see the potential, rather than a way to revive a slow-growing sector.&#8221;<\/p>\n<p>Seamless integration?<br \/>\nIn terms of integration, Dale points out that the process should be smoother as Evolution has already tackled the challenges of integrating slot developers.<\/p>\n<p>&#8220;For Evolution, absorbing it should be easier than absorbing NetEnt or Red Tiger, especially as the product range is similar and they&#8217;ve done it before,&#8221; he says.<\/p>\n<p>However, he cautions that the agreement won&#8217;t provide Evolution access to more operators, given the size difference between the acquirer and the acquired. <\/p>\n<p>Evolutions recent purchase of Nolimit City is a minor step in terms of content, adding roughly sixty titles to their existing collection of six hundred and thirty.  It also doesn&#8217;t significantly alter their market share, only boosting it from twelve percent to thirteen percent.  However, Nolimit City&#8217;s games are well-liked, with about ten percent of gambling establishments already offering them.  This agreement will provide Nolimit City access to a much broader audience, reaching about twenty new gambling venues through Evolutions network.<\/p>\n<p>Nolimit City has been highly prosperous, converting a large portion of their income into profit.  They are projected to generate thirty million euros in revenue this year, with a profit of twenty-three million euros.  This is comparable to Big Time Gaming, which Evolution acquired last year.<\/p>\n<p>While substantial profits are always desirable, it&#8217;s improbable that Evolution is solely seeking companies with the highest earnings.  They are focused on expansion and quality, and high profits are a positive outcome, but not the primary objective. <\/p>\n<p>Growth believes it has the power to elevate a struggling firm to a more advanced stage, making the takeover harmonize with its acquisition objectives.<\/p>\n<p>Carlesund alluded to the possible course of Evolution&#8217;s future mergers and acquisitions strategy. He stated that slots are a natural domain for Evolution to continue acquiring, but he didn&#8217;t exclude acquisitions in the core live casino area of providers, as long as it introduces fresh elements to its collection.<\/p>\n<p>&#8220;I don&#8217;t believe acquiring a live casino company has potential, but who knows? Maybe it will occur,&#8221; he stated. &#8220;But there might be some technology like Digiwheel, where we simply need that hardware or software, or require some expansion to enhance our games.<\/p>\n<p>&#8220;On the slots side, we have a clearer vision of our objectives. We desire to be a complete service provider, but most importantly, we want to offer users the finest content globally.<\/p>\n<p>&#8220;We still require some components, but I believe we&#8217;ve found them now.&#8221;<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p class=\"text-justify mb-2\" >The acquisition of Nolimit City for \u20ac340 million appears to align with Evolution&#8217;s plan of releasing fewer, but more feature-packed games. But will this be enough for the provider to establish an unbreakable lead in slots, similar to its dominance in live casinos? Home > [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Evolution<\/title>\n<meta name=\"description\" content=\"Evolution\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/75nodepositbonuscodesunriseslots.icu\/2024\/06\/27\/evolution-confirms-low-volume-slot-strategy-with-nolimit-city-acquisition\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Evolution confirms low-volume slot strategy with Nolimit City acquisition\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Evolution\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/75nodepositbonuscodesunriseslots.icu\/2024\/06\/27\/evolution-confirms-low-volume-slot-strategy-with-nolimit-city-acquisition\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Discover the Excitement of Licensed Online Casino Gaming\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T03:27:55+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/75nodepositbonuscodesunriseslots.icu\/2024\/06\/27\/evolution-confirms-low-volume-slot-strategy-with-nolimit-city-acquisition\/\",\"url\":\"https:\/\/75nodepositbonuscodesunriseslots.icu\/2024\/06\/27\/evolution-confirms-low-volume-slot-strategy-with-nolimit-city-acquisition\/\",\"name\":\"Evolution\",\"isPartOf\":{\"@id\":\"https:\/\/75nodepositbonuscodesunriseslots.icu\/#website\"},\"datePublished\":\"2024-06-27T03:27:55+00:00\",\"dateModified\":\"2024-06-27T03:27:55+00:00\",\"author\":{\"@id\":\"https:\/\/75nodepositbonuscodesunriseslots.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Evolution\",\"breadcrumb\":{\"@id\":\"https:\/\/75nodepositbonuscodesunriseslots.icu\/2024\/06\/27\/evolution-confirms-low-volume-slot-strategy-with-nolimit-city-acquisition\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/75nodepositbonuscodesunriseslots.icu\/2024\/06\/27\/evolution-confirms-low-volume-slot-strategy-with-nolimit-city-acquisition\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/75nodepositbonuscodesunriseslots.icu\/2024\/06\/27\/evolution-confirms-low-volume-slot-strategy-with-nolimit-city-acquisition\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/75nodepositbonuscodesunriseslots.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Evolution confirms low-volume slot strategy with Nolimit City acquisition\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/75nodepositbonuscodesunriseslots.icu\/#website\",\"url\":\"https:\/\/75nodepositbonuscodesunriseslots.icu\/\",\"name\":\"Discover the Excitement of Licensed Online Casino Gaming\",\"description\":\"Immerse yourself in the dynamic world of online gambling through our comprehensive news, detailed game reviews, and informative insights. 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