This story was published more than 2 years ago.
Live dealer specialist Evolution has finalized their purchase of Swedish developer NetEnt and immediately made some 3-500 of NetEnt's employees redundant by shutting down the company's Qormi studio.
The company finalized the purchase and there was a meeting shortly after, wherein Evolution announced that they were immediately shutting off the NetEnt Live Casino service, and announcing a reorganization of the company's management. There will also be a streamlining of the slot business, which will continue to operate under its own umbrella.
The redundancy was expected by the Economy Ministry of Malta, who commented: "Whilst noting the strong commitment by Evolution Gaming to its Malta operation, the Government, through the Ministry for the Economy and Industry, has immediately started discussions with the relevant entities to facilitate the smooth transition of employees who maybe at risk of being laid off as a result of this restructuring."