![]() ![]() " Nolimit City games stand out and offer players a unique, graphically rich playing experience," Evolution further stated in an official press release. Evolution describes Nolimit City as "a truly innovative, world-leading producer of online slots games that has created its own niche in the market through games with sometimes provocative themes and a humorous touch." With earn-outs of up to EUR 140 million ($147 million), the total consideration can amount to up to EUR 340 million ($358 million), payable in cash. Completion of the Transaction is conditional upon regulatory approvals and is expected during Q3 2022. ![]() In addition, Evolution may pay earn-out payments in cash based on Nolimit City’s EBITDA for the years 2022, 20, respectively. The consideration is financed from cash at hand, the company explained in a press release. Gaming provider Evolution announced Wednesday that its wholly-owned subsidiary Evolution Malta Holding Limited has entered into an agreement to acquire Nolimit City, a producer and developer of online slot games, for an upfront consideration of EUR 200 million ($211 million) on a cash and debt-free basis. ![]()
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