A new report by analysts at Redburn Atlantic argues Evolution’s valuation could be at risk due to increased regulatory scrutiny on its supply chain.
The report follows Evolution announcing in December 2024 that the UK Gambling Commission had placed its licence under review after finding its games on several unlicensed websites accessible from Great Britain.
This resulted in the live dealer giant pulling its games from all unregulated offerings in the UK, Sweden and Romania, according to NEXT.io sources.
Evolution CEO Martin Carlesund said at the time: “Evolution embraces the objectives of the review by the Commission. We are committed to support the licensed UK market as well as preventing unlicensed traffic.”
