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Legal
June 12, 2024
Evolution and C&K’s Legal Battle Shows No Signs of a Resolution
A 7 June ruling saw Judge John C. Porto of the New Jersey Superior Court deny a new motion by law firm Calcagni & Kanefsky (C&K) to prevent Evolution Gaming from uncovering the sponsors behind the controversial Calcagni Report. The report, published in December 2021, accused Evolution of operating in prohibited jurisdictions and significantly damaged […]
Legal
June 6, 2024
Legal Battle between Evolution and L&W Reaches New Junction
The ongoing legal battle between gaming giants Evolution and Light & Wonder (L&W) has reached a new phase as the two companies continue their legal maneuvers. Evolution’s motion to seal portions met resistance as the judge asked the company to file a memorandum, demonstrating the need for such a measure. The Companies Argue over Intellectual […]
Legal
June 4, 2024
Evolution Files Lawsuit against Light & Wonder over Alleged Infringement
Intellectual property (IP) infringement lawsuits are not uncommon in the global gambling industry. With fierce competition, some companies engage in unlawful action to gain an advantage, but this often results in prolonged lawsuits. In one recent case, one leading gaming company filed a lawsuit against another giant, claiming IP infringement. The legal case involved Light […]
Business
May 24, 2024
Evolution Unveils Plans for $75M Live Casino Studio in New Jersey
Live casino specialist Evolution has submitted plans for a $75 million live dealer casino studio in Atlantic City. The new building will be responsible for the company’s iGaming operations in the state. The new studio would complement the company’s portfolio of live dealer studios, which includes a venue based in Hard Rock’s Ocean Casino Resort […]
Legal
April 24, 2024
Evolution Stumbles in Court as Judge Denies Motion against C&K
A recent development in the ongoing legal battle saw the New Jersey Superior Court deny Evolution’s motion to unveil the sponsors of an anonymous 2021 report that damaged the company’s reputation. Judge John C. Porto ruled that the court could not approve Evolution’s request without further evidence, extending the conflict between the two companies. The […]
Business
April 24, 2024
Evolution Posts Q1 Results, Signs Deal with Bet365
Evolution has published its quarterly report for the first three months of 2023, demonstrating a stable performance. The company’s metric increased across the board, underpinned by Evolution’s robust business strategy. In Q1, Evolution reported a 16.7% increase in operating revenues to EUR 501.5 million ($535.9 million). For context, the company reported operating revenues of EUR […]
Business
March 28, 2024
Evolution Teams Up with Rush Street, Forays into Delaware
Evolution, a leading provider of B2B solutions and live casino, has made a foray into Delaware thanks to a partnership with Rush Street Interactive. Under the agreement, the former company will supply content to the Delaware Lottery and its three online casinos. As per the agreement, Evolution will inject proprietary content into BetRivers’ operations in […]
Industry
March 25, 2024
In Practise Alleges Evolution of Illegal APAC Wagers
On Friday, an X post confirmed that investment research firm In Practise was getting ready to publish a report concerning Evolution’s operations in the Asia-Pacific (APAC) region. Accordingly, the latter’s share price dropped 9.9%, from SEK1,372.80 ($129.78) to SEK1,237.40 ($116.97). The piece of research concerning the world leader in product innovation and advanced IT […]
Legal
March 20, 2024
Evolution Seeks to Reveal the Identity of Rival Who Alleged Misconduct
Back in 2021, an anonymous company submitted a report in which it alleged that live specialist Evolution had been involved in misconduct and had operated its products in prohibited jurisdictions. Years later, the former company’s identity might finally be revealed, should Evolution’s lawsuit succeed. For reference, Evolution denied the original claims, slamming them as defamatory. […]
Legal
March 5, 2024
Evolution Faces Lawsuit for Alleged Unlawful Business Practices
Pomerantz LLP, a law firm specializing in securities litigation, has announced the filing of a class action lawsuit against Evolution AB. The legal action revolves around allegations that Evolution and certain officers and directors engaged in securities fraud or other unlawful business practices, leading to incidents that negatively impacted the company’s share price. Ongoing Challenges […]
