Live casino supplier Evolution has received the green light from the UK’s CMA to complete its proposed acquisition of casino supplier NetEnt. 

The approval from the UK’s Competition and Markets Authority (CMA) follows approval from the Malta Competition and Consumer Affairs Authority in September, and means the supplier can now move ahead with the deal, worth SEK 19.6B (approx. $2.26B USD).

NetEnt shareholders now have until 20 November to accept the offer, with Evolution saying it hopes to have made unconditional on 23 November, with settlement slated to start on 1 December. 

Evolution is the dominant force in Live Casino, while NetEnt, which also owns Red Tiger, is one of the world’s premier slot suppliers, giving the merged company a formidably strong position in the igaming sector, including in the rapidly emerging US markets. 

At the end of October, both Evolution and NetEnt reported dramatic revenue growth in the 3rd quarter of 2020. 

Staying with Evolution, last week the supplier became the first in the world to launch online live craps.

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