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Evolution AB Abandons Merger with US-listed Galaxy Gaming

MT Newswires·07/21/2026 02:56:59
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02:56 AM EDT, 07/21/2026 (MT Newswires) -- Evolution AB (EVO.ST) terminated its merger agreement with US-listed gaming and casino company Galaxy Gaming after the companies failed to secure two remaining gaming regulatory approvals. The Swedish online gambling company said Tuesday it plans to pay a termination fee of $5.2 million to Galaxy Gaming. Evolution, which originally signed the deal to acquire Galaxy in November 2024, said it intends to maintain its existing commercial relationship with Galaxy.