Teacher Stern adviser to Big Time Gaming on EUR450 million sale

Teacher Stern acted as lead legal adviser to online slot games developer Big Time Gaming on its agreement to sell to Evolution Gaming.

Evolution Gaming Group will acquire the entire issued share capital of Big Time Gaming Pty Ltd for a total consideration of up to EUR 450 million, payable in cash and Evolution shares.

Lead Partner on transaction; “We are delighted for the Big Time Gaming team on the successful transaction and their exciting future. It is always a pleasure to work with them and to benefit from the expertise of the talented team at Oakvale Capital. The team at Teacher Stern;  Sam Rippon and David Ponsford, worked tirelessly to deliver this brilliant result. This transaction demonstrates the high level of expertise available at Teacher Stern and our continued success in the online gaming sector.”

Big Time Gaming, based in Australia and leader in online slot development providing slots to more than 350+ operators, have developed some of the most recognised online slots including Bonanza and Extra Chilli as well as the Megaways™ game engine.

Nik Robinson, CEO, Big Time Gaming; “Evolution and Big Time Gaming are both driven by innovation, hence the perfect match. A bright and entertaining future awaits for our players.”

The Transaction is conditional upon receipt of regulatory approvals and completion is expected during Q2 2021.

For further details about the transaction and parties involved, please visit https://view.news.eu.nasdaq.com/view?id=b8729c6dd553287759fdca963ff499f77&lang=en