After reporting 1+ billion Euros 2023 profits, Evolution has splashed out on acquiring the Livespins social slot streaming brand! (Image Courtesy of Livespins)
Evolution, a major company in online gambling, just bought Livespins, a startup with a cool new idea for social betting. They paid 5 million euros, which is about $5.4 million US dollars. It’s a drop in the water compared to the 1 euros in profit reported in the companies latest Evolution 2023 financial results.
What’s Livespins All About?
Livespins lets people bet along with popular streamers and content creators online. Fans can chat, share reactions and see what bets others are placing in real-time. It turns betting into more of a community game. This fits right in with Evolution’s goal of trying new things in online gambling. Adding Livespins gives them one more way to be creative.
Are Both Companies Excited? Yup!
The CEO of Evolution, Martin Carlesund, said he likes how Livespins drives a lot of engagement. He thinks its social features will be popular additions for Evolution. Todd Haushalter, another top dog at Evolution, pointed out how big streaming has become thanks to sites like Twitch and YouTube. Livespins helps tap into this trend.
The boss at Livespins, Chris Scicluna, was thrilled too. He said it’s amazing for such a young startup like Livespins to catch the eye of an established heavyweight like Evolution. Sounds Like a Win-Win: Putting Livespins together with a giant like Evolution seems promising for both sides. Gamblers should get ready for a very fun new way to bet with friends.
Evolution has already made a series of acquisitions. You’ll find Ezugi aquired by Evolution in Jan 2019 along with Evolution itself on the casino software provider webpage here on Livecasinocentral. Evolution also acquired Red Tiger Gaming (2019), NetEnt (2020), Big Time Gaming (2021), and Nolimit City (2022) online slot developers.
So What Exactly is Livespins?
Livespins, which got its start in 2021, combines live streaming and online gambling into one platform. Basically, it lets regular folks watch popular streamers play slots and casinos games while chatting with others in the community. You can even place real bets yourself as you watch!
Behind the scenes, Livespins uses some fancy tech to connect the streamers, fans, and games together. When the streamer scores a big win, everyone who betted on that game gets paid out too. There’s also a chatroom so people can hang out and cheer each other on.
The goal is to cover all kinds of online gambling games, but slots make up most of what’s available now. Livespins uses top-notch video streaming to make sure there’s no glitches or lags during play.
Why Do People Dig Livespins?
There are a few big reasons Livespins is catching on:
- It’s just cool to watch and bet at the same time
- The chat makes for a fun, social experience
- More ways to get people pumped up about gambling
- Proves streamers don’t get special treatment with odds
- Since everyone bets on the same games with the same odds, streamers winning big means bigger wins for fans too!
The Most Popular Livespins Games
The live online slots, coupled with a streamer commentating on the action while everyone joins in plays, have meant some of the most popular online slots found in the ‘Hot’ lobbies of most online casinos are also trending on the Livespins platform.
- Money Train 4: Sick graphics and can pay over 150,000x!
- Cash Mine: Old West theme with free spins and 5,000x wins
- Bone Bonanza: High 96% payout rate with volatile slots action
What is next for Livespins? With Evolution now taking over the brand, we can expect NetEnt slots Dead or Alive 1 and 2, and the Red Tiger and NetEnt Gonzo themed slots to take off on this platform. Plus, more live dealer slots set in studios. The brand already has Crazy Coin Flip, Extra Chilli Epic Spins™, and Live Video Poker, which will find in the ‘Live Slots’ section of our Evolution software provider overview.
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