Las Vegas-based Galaxy Gaming announced on Tuesday a new ten-year partnership with Evolution Group. Galaxy Gaming is an American game developer and distributor of slots for casinos, board games, and online games.
The agreement will include Galaxy Table games in Evolution's portfolio of games running remotely at various iGaming studios.
Evolution is a Swedish branch of iGaming B2B that activates dealer tables and interactive slots over the Internet. The company hires game dealers who manage games at various Evolution studios.
Evolution offers online games for dealers in New Jersey, Pennsylvania, Michigan and West Virginia. The new partnership between Galaxy and Evolution will allow Galaxy Table Games and their patented side bets to come to Evolution Studios. Galaxy and Evolution previously collaborated with Galaxy and offered interactive slots for Evolution.
The expansion of our long-standing partnership with Evolution coincides with our focus on providing all the best gaming content at the table," said Todd Cravens, president and CEO of Galaxy Gaming. Evolution continues to develop a powerful catalogue of best and innovative games. We are pleased to continue to be part of this impressive portfolio of products and to delight our players in world-famous games."
Galaxy-Evolution will feature many popular Galaxy desktop games on Evolution platform: 21+3, Perfect Fair, Lucky Ladies, Double Ball Roulette, Texas Hold'em Bonus Poker and Caribbean Studios.
Rapid growth in income from evolution
The pandemic was bad in most areas of business. But there were a few exceptions, and one of them was an aiGayMing game. Offline casinos were forced to close in 2020, but those states in which online casinos could operate in 2020 flourished on the coronavirus.
Evolution is the leader in the Internet dealer game management market, whose total revenue in 2019 was EUR 375.8 million (US$480 million), and in 2020 grew by more than EUR 561.1 million (US$690 million).
Offline casinos in the United States and many other major gaming markets grew dramatically after the outbreak resumed and weakened. But the game continued to flourish. Evolution's revenue in 2021 exceeded $1 billion, and last year soared to nearly $1.6 billion.
Evolution enters into a number of financial contracts with personal partners such as Draft Kings, BetMGM and FanDuel. The company claims that it receives various commissions and/or fixed fees for managing Live Dealers board games on behalf of partners and providing interactive slots for the platform.
Evolution has 10 studios in Europe, 5 in the United States and 2 in Canada. In an annual report for 2022, Evolution reported that more than 1,300 live dealer tables were held in remote studios.
The Mysterious Expedition
The theory of evolution became the subject of questionable claims made in New Jersey in 2021. The complaint claimed that the company allowed the sale of products on the black market, including in several countries that are currently subject to US sanctions.
The anonymous group submitted a report to the New Jersey Gaming Authority, claiming that it had access to Evolution products in countries such as Sudan, Iran, Syria and Iraq. Evolutionary officials refuted the claim and stated that they only cooperate with licensed and regulated iGaming operators in the host jurisdiction.
Representatives of DGE from New Jersey confirmed receipt of the complaint, but no longer disclosed its advantages.
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