Software Provider

Evolution

The undisputed global leader in live casino software, operating studios across Europe, North America, Asia, and beyond.

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Overview

About Evolution

Evolution is the world's largest and most successful live casino software provider. Listed on Nasdaq Stockholm, the company operates dedicated live casino studios across multiple continents and serves virtually every major licensed online casino operator globally.

Company History

Evolution was founded in 2006 in Riga, Latvia, by a team of iGaming industry veterans with a clear focus on live casino. The company launched its first live roulette and blackjack tables for online casinos in 2006, establishing the template for the modern live casino segment. Through the 2010s, Evolution expanded its studio network and game portfolio, adding baccarat, poker variants, and the groundbreaking live game show format with Dream Catcher in 2017. In 2020, Evolution completed the acquisition of NetEnt — a transformative deal that made it the largest casino software company in the world by market capitalisation. Red Tiger Gaming and Nolimit City followed, further expanding Evolution's slot portfolio.

Technology & Platform

Evolution's live casino technology is built around professional broadcast infrastructure, with multi-camera HD setups, optical character recognition (OCR) for reading card values and roulette results, and purpose-built game server software. The company developed its own studio management system and presenter training programmes. Its First Person games bridge live and RNG by using 3D animated environments that link directly into a live table at the click of a button.

Markets & Licensing

Evolution operates in virtually every regulated online casino market globally, with dedicated US studios in New Jersey, Michigan, Pennsylvania, and other states where online gambling is licensed.

Signature Games

Specialties

♦ Live casino studios
♦ Game show format games
♦ First-person RNG games
♦ Large US market presence

All Evolution Reviews

Live Game Show

Funky Time

Read review →

Live Blackjack 99.28%

Live Blackjack

Read review →

Live Card Game 96.72%

Dragon Tiger

Read review →

Provider Details

Founded

2006

Headquarters

Riga, Latvia

Parent Company

Evolution AB (Nasdaq Stockholm: EVO)

Game Count

100+ live tables, 500+ RNG titles (via NetEnt and Red Tiger)

Product Types

Live CasinoGame ShowsRNG TablesSlots

Key Licences

• Malta Gaming Authority

• UK Gambling Commission

• Gibraltar

• Belgium

• New Jersey (USA)

• Michigan (USA)

• Pennsylvania (USA)

Reviewed

2026-06-06

FAQ

Frequently Asked Questions

Who owns Evolution?

Evolution is a publicly listed company on Nasdaq Stockholm (ticker: EVO). It is one of the largest iGaming companies by market capitalisation. The company has made several major acquisitions including NetEnt (2020), Red Tiger Gaming, and Nolimit City.

What is Evolution best known for?

Evolution is best known for its live casino studio technology and its innovative game show format titles — including Crazy Time, Monopoly Live, Mega Ball, and Lightning Roulette — which have transformed the live casino segment since 2017.

Does Evolution own NetEnt?

Yes. Evolution acquired NetEnt in 2020 in a deal valued at approximately SEK 19.6 billion. NetEnt continues to operate as a distinct brand under the Evolution umbrella, maintaining its own game development team and release schedule.

How many live casino tables does Evolution operate?

Evolution operates more than 100 distinct live casino products across its global studio network, with thousands of individual table instances available simultaneously to support peak traffic from multiple operators.

Is Evolution available in the United States?

Yes. Evolution was one of the first major live casino providers to obtain licences in US-regulated states. It operates dedicated studios for New Jersey, Michigan, and Pennsylvania, and continues to expand as additional states regulate online casino gaming.

What is a live casino game show?

Live casino game shows are a format pioneered by Evolution that combines a live studio with game show mechanics — wheel spins, bonus multipliers, and presenter interaction. Titles like Crazy Time, Dream Catcher, and Monopoly Live have broad appeal beyond traditional casino game audiences.

How does Evolution's live roulette differ from RNG roulette?

In Evolution's live roulette, a real dealer spins a physical roulette wheel in a studio, and the result is captured by cameras and OCR technology, then transmitted to players in real time. RNG roulette uses a certified random number generator to simulate wheel outcomes digitally.

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