Entertainmment news
Evolution Gaming announced the strategic acquisition of Arcadia Gaming Solutions, a deal expected to enhance its position as a live casino gaming leader. Arcadia, known for its proprietary technology allowing players to engage with real-time physical arcade machines remotely, will join Evolution’s growing portfolio of innovative gaming solutions.
Arcadia Pioneered a Novel and Engaging Product
The acquisition involves an upfront cash payment of EUR 2.5 million ($2.77 million), with an additional earn-out, payable based on the performance of Arcadia’s games in 2027. Completion is expected during the second half of 2024, pending certain regulatory approvals and closing conditions, as is usual for these types of deals.
Arcadia Gaming Solutions has carved a unique niche in the online gaming market. Its offerings close the gap between physical arcade games and the online casino experience. Fortune Pusher, the company’s first title, allows players to remotely control a coin-pushing machine, delivering an engaging and interactive arcade experience via high-definition video streaming.
Arcadia’s innovative proprietary technology enables players to engage real-time with a physical arcade machine, offering a unique and engaging online experience.
Evolution Gaming statement
Arcadia’s innovative approach to B2B video-streaming live game technology perfectly fits Evolution’s focus on expanding its offerings in live gaming experiences. By integrating physical arcade elements into the online casino environment, Evolution can attract a broader range of players, especially those seeking unique gaming experiences.
Evolution Remains at the Forefront of Gaming Innovation
This newest milestone deal closely follows Evolution’s recent $85 million acquisition of Galaxy Gaming, a leading developer of casino games and technology. This move underlines Evolution’s ambitious growth strategy-particularly within the competitive US market, where it aims to dominate through cutting-edge technology and exclusive game offerings.
Evolution’s global presence means Arcadia Gaming’s expertise can apply to many diverse markets, although North America remains the company’s primary focus. The company’s 2023 collaboration with BetMGM and Borgata showcased its innovative mindset as it united casino goers and iGaming enthusiasts with a unique offering that leveraged its cutting-edge technology.
By acquiring Arcadia, Evolution will develop its technological capabilities and cultivate the opportunity to pioneer innovative live gaming formats that merge physical and digital experiences. The deal aligns with the company’s strategy of driving innovation in the online casino industry and offering its global customers the highest quality gaming content.
