Evolution has entered into an agreement to acquire Nolimit City, a leading producer and developer of online slot games.
The deal is for an upfront consideration of €200m. With earn-outs of up to €140m, the total consideration can amount to up to €340m, payable in cash.
Nolimit City is an innovative, world-leading producer of online slots games that has created its own niche in the market through games with sometimes provocative themes and a humorous touch.
Nolimit City games stand out and offer players a unique, graphically rich playing experience. Nolimit City titles include award-winning games such as Mental, San Quentin and East Coast/West Coast.
The acquisition is in line with Evolution’s strategy of being the world’s number one provider of online casino games. With the Nolimit City brand, Evolution extends its portfolio of slot brands that already includes NetEnt, Red Tiger and Big Time Gaming.