HBG Online Gaming has added Evolution’s Red Baron crash game to its Quigioco.it platform in Italy. The operator said the game offers up to three bets per round and an Auto Cash Out function, with live-presenter and standard modes.
The agreement adds Evolution content to HBG Online Gaming’s Quigioco.it offering.
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It was reported that Candle Lake offered SEK695 per share for Evolution’s outstanding shares after its holding exceeded 30%. The offer values Evolution at approximately SEK131.7bn, with Candle Lake controlling 31.56%.
It was reported that Kenneth Dart’s Candle Lake increased its Evolution holding to 30.02%. The stake triggered a mandatory takeover offer under Swedish rules.
It was reported that Kenneth Dart increased his Evolution holding above 30%. The additional purchase requires him to make a takeover offer, although the report said his intentions remained unclear.
It was reported that Evolution ended its planned $85m purchase of Galaxy Gaming after outstanding gaming approvals were not secured by the agreement’s deadline. Evolution will pay a termination fee exceeding $5m.
Evolution said its planned merger with Galaxy Gaming would no longer proceed. The agreement ended after its official deadline expired.