Evolution AB

EVO

SE0012673267

Casinos & Gaming

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2026-04-10 pm EDT			5-day change	1st Jan Change
601.20 ^SEK	-0.40%		-0.53%	-4.54%

Apr. 10	Prediction Markets Enter Regulatory Crossfire
Apr. 09	Playtech says co considers Evolution's claims to be without merit	RE

Evolution and Pragmatic Play Withdraw from Stake.us in California

Published on 09/02/2025 at 01:03 am EDT

Finwire - Translated by Marketscreener - See original

EVOLUTION AB

-0.40%

Game providers Evolution and Pragmatic Play have pulled out of their partnership with Stake.us following a lawsuit filed by the City of Los Angeles against the platform and several suppliers over suspected illegal gambling activities. The news was reported by Next.io.

The lawsuit also names Evolution's studios Nolimit City, Red Tiger, Big Time Gaming, and NetEnt.

Meanwhile, California's legislative proposal AB 831--which would criminalize support for sweepstakes casinos--is moving forward to a Senate vote. Suppliers are now being identified as a weak link in the system. Stake has rejected the allegations and says it is prepared to defend itself. Next.io has reached out to Evolution, Pragmatic Play, and Hacksaw for comment.

Latest news about Evolution AB

Apr. 10	Prediction Markets Enter Regulatory Crossfire
Apr. 09	Playtech says co considers Evolution's claims to be without merit	RE
Apr. 09	Playtech Vows to Defend Against Evolution's Defamation Claims	MT
Apr. 09	Evolution AB Requests US Court to Add Playtech as Defendant in Defamation Case	MT
Apr. 09	Evolution seeks to add Playtech as defendant in ongoing U.S. defamation lawsuit	FW
Apr. 09	Evolution seeks to add Playtech, others as defendants in defamation lawsuit	RE
Apr. 07	Barclays raises Evolution price target to SEK 575 (560), reiterates underweight	FW
Apr. 07	Pareto Securities Upgrades Evolution to Buy Rating, Boosts PT	MT
Apr. 07	Pareto upgrades Evolution to Buy, sees trend reversal ahead	FW
Apr. 07	Pareto Securities upgrades Evolution to Buy from Hold, raises price target to SEK 700 (600)	FW
Mar. 31	Kenneth Dart raises stake in Evolution to over 30 percent	FW
Mar. 26	Goldman Sachs downgrades Evolution to Sell on slowing growth	FW
Mar. 26	Goldman Sachs downgrades Evolution to Sell (Neutral), sets price target at SEK 545 - BN	FW
Mar. 19	Samantha Sacks Gallagher proposed for Evolution board	FW
Mar. 19	Evolution's scrapped dividend may be linked to major shareholder or structural deal - Di/EFN	FW

Chart Evolution AB

Duration

Period

EVO: Dynamic Chart

Company Profile

Evolution AB specializes in the development, publishing and marketing of live casino games on the Internet for gaming operators. The group operates in the fields of roulette, blackjack, baccarat and poker games, while offering software solutions and online casino platforms live on computers, smartphones and tablets. At the end of 2023, Evolution AB had 20 production studios located in the United States (5), Canada (2), Malta (2), Spain (2), Argentina, Colombia, Armenia, Belgium, Georgia, Bulgaria, Latvia, Lithuania, Romania and Czech Republic. Net sales are distributed geographically as follows: Sweden (1.3%), Malta (67.1%), Curaçao (8.7%), Australia (1.2%), North America (6.9%) and other (14.8%).

Employees

21,175

Sector

Casinos & Gaming

Calendar

Apr. 22 - Earnings release - Q1 2026

More about the company