The leading live dealer game developer, Evolution, has concluded its internal probe into claims of illicit actions. The firm initiated the examination in response to accusations made by an anonymous source in November. These accusations, which alleged that Evolution’s offerings were accessible in nations subject to US commercial restrictions, resulted in a substantial decline in the company’s market valuation.
Evolution’s chief executive, Martin Carlesund, declared that the review uncovered no proof of misconduct and that the enterprise will maintain its regular operations. He acknowledged that some modifications to internal procedures will be implemented but stressed that these alterations will not significantly affect the company’s revenue.
Carlesund also emphasized that Evolution collaborates closely with regulatory bodies and operators to ensure its products are not available to players in prohibited territories. He reaffirmed the company’s dedication to adherence and openness, stating that they are continually seeking methods to enhance their operations.
Our connections with regulatory bodies around the world are robust.”
Evolution’s live gaming enterprise experienced a surge in the initial quarter, whereas their random number generator (RNG) games business, established through the acquisition of NetEnt and Big Time Gaming, expanded at a more measured rate.
When inquired about potential future mergers and acquisitions, Carlesund indicated that it wasn’t a top priority, but not completely ruled out.
“We will definitely investigate merger and acquisition possibilities and opportunities, but our primary growth is organic,” Carlesund clarified. “Our position on this has not altered.
“Our objective is to be the leading online casino globally, and we are continuously exploring methods to drive us forward or assist us in achieving this target.”
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