Evolution License Under Investigation by UK Gambling Commission

The UK’s Gambling Commission has initiated an investigation into Evolution Gaming, focusing on suspected black-market activity, which may impact the company’s UK license.

Main Points

• The investigation addresses potential access to Evolution’s gaming content through unlicensed operators in the UK.
• Evolution has confirmed its cooperation with the review and has already removed its content from unlicensed platforms.
• The outcomes of the review could range from no action to financial penalties, license conditions, suspension, or even revocation.

Details of the Investigation

The Commission’s inquiry stems from evidence that Evolution’s gaming portfolio was accessible via several unlicensed operators in the UK. In response, the company has implemented measures to ensure its games are only available through licensed operators, including IP blocking for unlicensed access.

Evolution CEO Martin Carlesund commented:
“Evolution embraces the objectives of the review by the Commission. We are committed to supporting the licensed UK market as well as preventing unlicensed traffic. We are taking forceful action using all technical tools available to us to ensure our games are only accessible in the UK through Commission-licensed operators. Furthermore we believe close collaboration with regulators will lead to swifter and better results.”

Evolution Gaming Investigation Implications

The Commission’s review could lead to various outcomes. While it may result in no action, there is also the potential for financial sanctions, new conditions attached to Evolution’s license, or the suspension or revocation of the license.

Recent Developments

Despite this investigation, Evolution recently reported strong financial results, with Q3 revenue of €579m ($602.8m). The company also announced a partnership extension with FanDuel and its intention to acquire Galaxy Gaming for $85m.

However, following news of the investigation, Evolution’s share price fell 11.8%, closing at SEK 806.80 ($73.11).

This review underscores the importance of strict compliance with regulatory standards in the highly regulated UK market.

About Evolution

Few casino software providers have left a mark as quickly and profoundly as Evolution Gaming. Since its start in 2006, Evolution has been a game-changer, revolutionizing live casino gaming by combining live video streaming with RNG (random number generator) technology. This innovation brought a whole new level of excitement, letting players interact with real human dealers while placing bets digitally through an easy-to-use interface.

Their groundbreaking approach set the standard in the industry and inspired competitors like Ezugi Gaming. However, no one has quite matched Evolution’s success, especially in the crypto casino world. In 2020, Evolution cemented its leadership by acquiring NetEnt and Red Tiger Gaming in a $2.1 billion deal, making them a true powerhouse in gaming.

Play Evolution Games with Bitcoin

Did you know you can enjoy Evolution’s games using cryptocurrency? Many online casinos now offer Bitcoin and other crypto options, making transactions fast, secure, and private.

Some of the most popular Evolution games include:

• Lightning Roulette: Adds thrilling multipliers to the classic roulette game.
• Crazy Time: A fun game-show-style experience with massive winning potential.
• Dream Catcher: A wheel-of-fortune game loved by many.
• Blackjack: Featuring professional live dealers for an authentic casino vibe.

Whether you’re into the excitement of spinning wheels or the strategy of blackjack, playing Evolution’s games with crypto makes the experience even better!

 

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