The biggest purchase in iGaming for 2022 has been completed
In June 2022, Evolution announced that it was set to acquire Nolimit City in a €340m deal and this news absolutely shook up the iGaming industry. It's well-known that Nolimit City is the black sheep of the iGaming world as the company is unafraid to create online slots on any topic even the Soviet Union's Gulag.
The acquisition initially stated that Evolution would buy the company for €200m first and then a further €140m dependent on future performance in 2023, 2024 and 2025. The iGaming giant, Evolution, has confirmed that the company has finalised the purchase of Nolimit City.
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The fourth slot developer studio bought by Evolution
Interestingly, Nolimit City will be the fourth brand under Evolution's slot portfolio as the company has previously purchased NetEnt, Big Time Gaming and Red Tiger Gaming. This move to add Nolimit City cements the company's status as one of the leading iGaming companies.
As Evolution own Big Time Gaming, perhaps players could see a Nolimit City Megaways slot or potentially branded slots from the developer. There could even be a live casino version of popular Nolimit City slots such as Folsom Prison, The Rave or Karen Maneater.
“Can't wait to take on the challenge of global expansion,” says Nolimit City
“With the addition of Nolimit City to the Evolution family we extend our portfolio of truly innovative and cutting-edge games from the top brands and game makers in the industry,” Evolution chairman Jens von Bahr said at the time of the initial announcement.
Nolimit City co-founder Jonas Tegman added: “I cannot think of a better match between two companies than between Nolimit City and Evolution, we are fully aligned in terms of people, product, technology and how to get the job done.”
“The slot vertical is under massive change, and we can’t wait to take on the challenge of global expansion together with Evolution, helping out with navigating towards the best slot product offering in the market,” Tegman added.