Evolution, a renowned B2B supplier for online casinos, recently confirmed that it has overcome some complications in New Jersey. The company revealed that the investigation conducted by the New Jersey Division of Gaming Enforcement (NJDGE) is now concluded.
For insight, the probe commenced after a report was submitted in November 2021. An unidentified company instigated this investigation, claiming that Evolution was implicated in an unethical behavior. Hence, the NJDGE carried out a thorough investigation into these claims to corroborate their validity.
Nevertheless, the NJDGE couldn’t find any proof implying that Evolution was involved in any malpractice. Evolution’s statement elucidates:
The NJDGE discovered no evidence suggesting that Evolution authorized, endorsed, allowed, or significantly benefitted from its content employed by operators in any market that the NJDGE views as a forbidden jurisdiction.
Evolution’s statement
In light of these findings, the NJDGE verified that its investigation on the subject is finalized and ensured no further action would be pursued.
Evolution Prompted an Internal Investigation
The B2B vendor further revealed that it implemented an internal examination of its business operations. Evolution admitted that it could not identify any failures in compliance or due diligence but elected to augment these processes anyway.
Evolution suggested that its decision to strengthen its compliance frameworks received positive response from the NJDGE, which endorsed the approach. The company linked these enhancements with zero jurisdictional violations.
Evolution Proposes to Purchase Livespins
In related news, Evolution has unveiled its plans to procure the live casino platform, Livespins, in an impressive $5.4 million deal. Livespins, which enables gamblers to bet alongside their preferred streamers, content creators, and brand ambassadors, is a burgeoning product whose unique proposition has struck a chord with punters.
This acquisition aligns with Evolution’s Product Leap strategy, reflecting its ongoing endeavor to provide increasingly innovative offerings to its clientele. In essence, the groundbreaking appeal of Livespins is finely attuned with the supplier’s objectives.
As a point of reference, the impressive Evolution portfolio currently encompasses industry-leading studios such as NetEnt, Red Tiger, Ezugi, Big Time Gaming, No Limit City, and DigiWheel.
The completion of Evolution’s acquisition of Livespins is projected to occur in Q2 2024.
