contentSlug

type

ContentPage_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentPage_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  createdAt
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
    forum {
      threadUrl
    }
    defaultInstrument {
      symbol
      id
    }
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    pageUrl
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
  ... on Webcast {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        threadUrl
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        symbol
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
      researchContent {
        title
        lang
        pdfUrl
        relatedContent {
          __typename
          ...PublishingDetails
          ...Reactions
          id
        }
        content {
          title
          lang
          htmlBody
          publishedAt
          createdAt
          changedAt
          isOutdated
          isPremium
        }
      }
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


evolution-completes-acquisition-of-nolimit-city

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Evolution operates in the gaming industry and focuses on the development and delivery of live casino solutions for online gaming companies. The company's platforms offer realistic gaming experiences with live dealers. The business is global with the largest presence in Europe, North America and Asia. Evolution was founded in 2006 and is headquartered in Stockholm, Sweden.

Last week, share buybacks totaled only 624,484 shares, and this reduction in purchases occurred after the extraordinary general meeting day. On Wednesday, September 23rd, the trading volume of the share was quite modest, and for that reason (compared to previous weeks and Mon-Tue), even small buybacks (95,000 shares) made up a large part (1/4) of the daily volume. On Thursday and Friday, the numerically small purchases accounted for 20.1% and 18.0% of the daily trading volumes. Today, the share price reacted quite moderately to the Brazil news, but perhaps that reaction was already seen last Thursday and Friday when the news confirmed that a ban of at least some degree is possible or even probable. Those percentages in the last column represent the daily change compared to the previous day’s closing price, except for Monday, where the percentage is the change between the day’s opening and closing price.

As I understand it, the share of all of Latin America in Evo’s revenue last quarter was about 9 percent if calculated by players, and about 12.5 percent if calculated by customers. These are calculated from the figures reported by Evo itself.

And there came the total ban on online gaming in Brazil… In the article, JP Morgan estimates that 9% of EVO’s revenue comes from Brazil. The ban takes effect immediately, but Congress still needs to approve it within 120 days. Some of the demand will certainly shift to grey market operators, but if it remains, this is quite a blow to EVO (and other companies). https://www.reuters.com/world/americas/brazils-lula-bans-online-betting-operations-reelection-race-tightens-2026-09-25/

I don’t believe this, but of course anything can happen. The same operators offer both sports betting and casino games. Profits practically come from casino games. This could prompt operators to pack up and leave when the business is no longer profitable. There are over 150 gambling operators in Brazil. License fees alone paid to the state amounted to around 1.7 billion euros in 2025. Additionally, since operators have built infrastructure to operate in the country, there would likely be quite a few lawsuits regarding wasted investments. The state would also be forced to refund license fees already paid, and tax revenues would otherwise vanish into the depths of unlicensed operators. Tightening regulation, on the other hand, would play right into Evolution’s hands, as they have the muscle, and people have already started getting used to the idea that local studios need to be established in every corner and operated accordingly. https://globalgaminginsider.com/analysis/7399/analyst-why-brazil-igaming-ban-is-unlikely-but-industry-needs-to-read-the-room                   nettipokeri.com – 22 Sep 26              Brasilia suunnittelee nettikasinoiden kieltämistä – uusi lakihanke etenee    Brasilian hallitus valmistelee lakimuutosta, joka kieltäisi nettikasinot. Lue, miten hanke vaikuttaisi alan operaattoreihin ja urheilusponsorointiin.                             https://igamingbrazil.com/en/legislation-en/2026/09/22/brazils-future-without-betting/?amp=1

Brazil has an election coming up, and there is already talk among the current administration about a complete ban on online casinos. I can’t really judge how much of this is political theater and how much isn’t, but if a ban were to happen, it would be quite a heavy blow. Personally, I have considered Brazil to be a major driving force for future growth. Links on the topic:                   Casinofeber              Brasilien reglerade iGaming 2025 – nu är marknaden under förbudshot -...    • Detta har hänt • Totalförbud på bordet                                               CNN Brasil – 24 Sep 26              Análise: Mudança súbita em regras de proibição de bet impacta setor privado |...    Ao CNN Prime Time, a analista de Economia da CNN Lucinda Pinto aponta impacto ao setor privado e risco à confiança de investidores com decisão às vésperas das eleições         Est. reading time: 2 minutos

The press release states that Evolution shares accepted into the offer during the offer period (i.e., those 111,716 shares) will be paid to shareholders starting approximately on September 23, 2026. The offer has already expired and become unconditional (regulatory requirements fulfilled), and thus nothing remains open—the shares of investors who tendered their shares during the offer period will be transferred to Candle Lake, and they will receive the agreed cash consideration. What was interesting in that press release is that, in addition to direct shares, Candle Lake seemingly also “owns” Evolution via TRS (Total Return Swap) agreements. Those are instruments where, for example, a bank owns the shares, but through a TRS, the price appreciation/loss, dividends, and other total return belong to the investor—though voting rights do not. Possibly, at some point, Candle Lake sought to avoid exceeding the 30% voting rights threshold and the resulting mandatory takeover bid for the entire share capital. However, as there has been an interest in growing the EVO position, shares have been acquired through TRS agreements. By all logic, that 2.2 percentage point stake (direct ownership of 31.6% and 33.8% including TRS agreements) will be transferred to direct ownership. For us retail investors, this has virtually no other significance except that the entity in question has a strong eagerness to buy EVO shares at these prices.

So does it go now that Kenneth Dart will then patiently wait until March 23rd, so he doesn’t have to pay a premium for these 100,000 shares? Calculated with a six-month waiting period after the end of the tender offer.

Evolution

As Evolution AB (publ) published on 22 June 2022, Evolution AB (publ)'s wholly-owned subsidiary, Evolution Malta Holding Limited ("Evolution"), has entered into an agreement to acquire the entire...

<div class="abstract"><p>As Evolution AB (publ) published on 22 June 2022, Evolution AB (publ)'s wholly-owned subsidiary, Evolution Malta Holding Limited ("Evolution"), has entered into an agreement to acquire the entire issued share capital of Nolimit City Holding Ltd for a consideration payable in cash (the "Transaction"). All regulatory approvals that the Transaction was conditional upon have been received, and Evolution has today completed the Transaction and acquired Nolimit City.</p></div>

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Evolution completes acquisition of Nolimit City

Evolution completes acquisition of Nolimit City