Evolution to buy Dutch arcade specialist Arcadia in €2.5M deal
What's the deal? Evolution is acquiring Dutch technology firm Arcadia Gaming SolutionsDealroom has a profile for this one. Try Dealroom → to expand its iGaming product line. The transaction includes an initial payment of €2.5 million and is expected to close by the end of 2024.
What's Arcadia? Founded in 2019 by Arion Labs, Arcadia builds technology that turns traditional arcade games into online casino experiences. Its standout title, Fortune Pusher, lets players interact with physical arcade machines via mobile and desktop, bridging arcade gaming and live casino environments.
The terms: Beyond the upfront payment, additional earn-outs will be awarded in 2027, tied to Arcadia's performance in the online gaming sector.
Why now? The deal fits Evolution's broader expansion push. In 2023, the company reported revenues of €1.80 billion, with live casino games contributing 84.7% of total income.
Evolution values Arcadia's video-streaming technology, which delivers real-time experiences it sees as a strategic asset in an increasingly competitive market. Chief executive officer Martin CarlesundDealroom has a profile for this one. Try Dealroom → said the company will "continue to invest, recruit, and expand our operations across the globe."
What's the endgame? The acquisition is one of several. Evolution has agreed to buy Galaxy GamingDealroom has a profile for this one. Try Dealroom → for $85 million, set to close in 2025, and has been growing in the US — launching online slots in Delaware and working with Rush Street Interactive to bring live casino games to BetRiversDealroom has a profile for this one. Try Dealroom →.
The signal: Evolution is diversifying beyond its live casino core through targeted acquisitions, adding niche technology and geographic reach as consolidation accelerates across the iGaming sector.
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