Evolution AB (publ) is a Sweden‐based developer and supplier of live online casino solutions. The company designs, produces and licenses live‐dealer games that are streamed in real time from state‐of‐the‐art studios or custom client venues. Its portfolio includes traditional tables such as roulette, blackjack and baccarat, as well as proprietary game show formats like Dream Catcher, Monopoly Live and Crazy Time. Evolution’s proprietary technology platform enables operators to integrate high‐definition video streams, multi‐camera angles and real‐time interaction tools for a seamless player experience.
Founded in 2006 in Stockholm, Evolution initially focused on the European regulated market before expanding globally through organic growth and targeted acquisitions. In 2019 the company acquired NetEnt, a leading provider of digital slot games, and later added Red Tiger and Big Time Gaming to its stable, broadening its footprint in RNG (random number generator) slots and jackpot mechanics. These strategic moves have positioned Evolution as a consolidated supplier offering both live and digital casino content under one roof.
Evolution operates studios and offices in multiple jurisdictions, including Europe, North America and Asia, to serve a diverse base of regulated online casino operators. Its live studios are located in Malta, Georgia, Spain, the UK, Michigan and Pennsylvania, among other regions, enabling it to meet the compliance requirements of local regulators and deliver low‐latency streams to players. Evolution’s products are integrated by more than 500 partner brands worldwide, encompassing B2B distribution through leading online gaming platforms.
The company is publicly listed on Nasdaq Stockholm and maintains an American depositary receipt program trading under the symbol EVVTY on the OTC Markets. Evolution’s leadership team is headed by co‐founder and CEO Martin Carlesund, who has guided the business through rapid international expansion and multiple high‐profile acquisitions. The firm continues to invest in studio capacity, game development and emerging markets to sustain its position as a global leader in live casino entertainment.
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