Evolution Secures an Isle of Man License

20/09/2024 | Categories: News | Published by: Heather | Last updated: 20/09/2024

Evolution, a leader in live casino gaming solutions, has successfully secured a Software Supplier Licence from the Isle of Man. This strategic milestone allows the company to offer its cutting-edge services to operators licensed in the Isle of Man, a jurisdiction that has been growing rapidly during the past few years.

Isle of Man: A Growing Hub for iGaming

The Isle of Man has become an attractive destination for software providers. The new licence not only increases Evolution’s presence in the region but also highlights the increasing interest from gaming companies in this well-regulated jurisdiction. The Isle of Man’s appeal lies in its ability to provide a trusted and stable environment for gaming operators, making it a key player in the global iGaming ecosystem.

Collaboration with SolutionsHub and Local Authorities

Securing the licence was a collaborative effort. Evolution worked closely with eGaming consultancy SolutionsHub, which played an integral role in guiding the company through the licensing process. Additionally, Digital Isle of Man and the Isle of Man Gambling Supervision Commission were important contributors to ensuring the process went smoothly.

James O’Kelly, Head of Operations at SolutionsHub, remarked, “We’ve seen a significant increase in the number of software providers choosing to licence in the Isle of Man. They recognize the value of demonstrating their commitment to regulatory compliance and their ability to act as trustworthy partners for gaming operators.”

Industry Support and Future Growth

Tara Leneghan, Strategic Partnership Manager at Digital Isle of Man, expressed her support for Evolution, stating, “We are pleased to have supported Evolution in navigating the Isle of Man’s eGaming landscape, alongside SolutionsHub. Attracting a company of Evolution’s calibre is a true testament to the benefits of licensing here. Congratulations to the Evolution Group!”

Broader Expansion Strategy

This licence acquisition aligns with Evolution’s broader strategy of expanding its global footprint. Earlier this year, the company announced its intent to acquire Galaxy Gaming, a well-known provider of casino table games, in an $85 million deal. The acquisition is expected to enhance Evolution’s presence in the US market and is set to close by mid-2025, pending regulatory approvals.

In addition to its acquisition plans, Evolution has been rapidly expanding its US operations. In 2024, the company partnered with BetRivers to launch live casino games in Delaware, further improving its presence in the North American market.

With the Isle of Man licence and other smart moves, Evolution shows its dedication to following the rules and growing its business, making it a major player in the global gaming industry.

About Evolution

Few casino software providers have made an immediate impact quite like Evolution Gaming. Since their debut in 2006, Evolution has been a visionary force in the industry, changing and improving live casino gaming by merging live video streaming with RNG (random number generator) gambling software. This innovation created a new level of interactivity, allowing players to engage with real human dealers while making digital bets through an on-screen interface.

Evolution’s groundbreaking formula has been widely copied by competitors, including Ezugi Gaming, but none have matched their success, especially in the cryptocurrency casino space. The company’s dominance became even clearer in 2020 when Evolution acquired NetEnt, along with Red Tiger Gaming, for $2.1 billion. This was a move that solidified their position as a giant in the gaming industry.

Play Evolution Games using Bitcoin

You can use cryptocurrency to play Evolution games at many online casinos, making it easy and secure to have an enjoyable live casino experience. Popular Evolution games include Lightning Roulette, which adds exciting multipliers to traditional roulette, and Crazy Time, a game show-style favorite with huge potential winnings. Dream Catcher, a wheel-of-fortune style game, and Blackjack, with professional live dealers, are also fan favorites. With crypto, you get fast transactions and extra privacy, making it a great option for playing Evolution’s innovative games.