Evolution makes a play for Arcadia Gaming Solutions

Evolution has announced that it has agreed to buy out Arcadia Gaming Solutions, a provider of live arcade games to online operators.

The acquisition strengthens Evolution’s expanding footprint in iGaming space, as the company has conducted several large acquisition deals over the past years.

Evolution will leverage Arcadia’s advanced proprietary and technological solutions to offer players a new way to interact with different gaming verticals. Arcadia specializes in offering remote access to online players to physical arcade machines.

Players may use their desktop computers, laptops or mobile devices to engage in the experience.

The deal, which is due to be completed in the second half of the year, will see Evolution pay a bargain price of €2.5m, with possible earn-out to be further paid out based on the studio’s performance in 2027.

Most recently, Evolution also agreed to buy out Galaxy Gaming, a Las Vegas-based company, in an $85m deal. The latest play for Arcadia Gaming Solutions tracks what Evolution CEO Martin Carlesund said earlier this year, and specifically that his company will pursue an aggressive merger and acquisition strategy.

The acquisition of Arcadia marks the third major deal for the company in terms of M&A strategy with the company previously coughing up to buy Livespins for €5m in February. In the meantime, Evolution has enjoyed its biggest gains from the live casino sector which remains its bread and butter.

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