Evolution Gaming to Purchase Ezugi for $12 Million

Live dealer casino software specialist Evolution Gaming announced that they've signed an agreement to purchase fellow live dealer group Ezugi for $12 million.

The agreement will see Ezugi folded into Evolution as a subsidiary, where they'll continue to operate as a sub-brand. The move cements Evolution as one of the premier live dealer operations in the world, with a market presence in Norht America, South America, Africa, and Europe. The group has begun expanding rapidly in the Untied States, having opened a studio in Atlantic City earlier this year. Ezugi also has a presence in the U.S., giving Evolution a stranglehold on the live dealer market, as the two companies are the only ones in operation currently.

Speaking about the deal Evolution CEO Martin Carlesund said, "I am pleased about this agreement. It is a very logical next step for Evolution which will increase our market share in key existing markets, like the U.S, where Ezugi's presence and customer base will add to our on-going market expansion as well as add licensees in new markets, such as South Africa."

Ezugi CEO Kfir Kugler added: "Announcing this agreement gives me great satisfaction. Ezugi has come a long way since it was founded in 2012 and becoming part of Evolution marks the right next step for us. Evolution's superior offering in areas such as streaming quality and speed, user experience, game choice and all-round operational excellence will help bring the service to the current Ezugi operators to the next level."

No timetable for the completion of the deal was available as of press time.