Evolution: the live casino leader at the heart of controversy
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14 Aug 2025 •
Reading time: 2 minutes Despite its public commitments to strict compliance, Evolution continues to see its live casino games accessible on illegal platforms in Europe. Recent investigations reveal a worrying gap between official rhetoric and market reality.
The undisputed leader in live casino games, Evolution AB presents itself as a player committed to the fight against the black market. However, two credible financial sources claim that its premium content remains available via illegal operators in nearly 20 European Union countries, including Sweden, Germany and France.
This revelation undermines the company’s communication strategy, which claims to proactively ring-fence its operations to protect regulated jurisdictions. The facts instead point to selective control, often linked to pressure from local regulators rather than a uniform and strict policy.
Tests that highlight the flaws in the system
Investigations have traced the distribution of Evolution’s games via Snatch Casino (Goodwin NV, banned in Sweden) and BC Game (Twocent Technology Ltd, involved in a licensing dispute in Curaçao).
The block appears to be incomplete, leaving many doors open to illegal operators. The conclusion is clear: as long as access to content is not systematically blocked, these platforms will continue to fuel an already well-established black market.
A major economic challenge for Evolution
The economic impact of this situation is far from insignificant. Estimates indicate that unregulated markets could account for up to 55% of Evolution’s revenue in 2025.The first signs of a slowdown are already apparent: in the first quarter of 2025, the company recorded its lowest quarterly growth rate in eight years. Forecasts have been revised downwards, with a potential 10% reduction in EBITDA and a gradual erosion of investor confidence.