Crazy Time Crazy Time Evolution Gaming is the company that transformed live casino. Founded in Stockholm in 2006, it now operates with more than 20,000 employees, studios in 10+ countries, and a catalogue of 200+ games including Crazy Time, Dream Catcher, and Monopoly Live. It trades on Nasdaq Stockholm (ticker: EVO) and its streaming technology powers every table and game show available at licensed Canadian casinos. Here's the full picture of the company, its innovation history, and why the 4 Crazy Time bonus rounds are possible thanks to its infrastructure.
Evolution AB by the numbers — publicly verifiable data from annual reports and stock exchange filings:
| Data | Value |
|---|---|
| Official Name | Evolution AB |
| Founded | 2006, Stockholm, Sweden |
| CEO | Martin Carlesund |
| Listed On | Nasdaq Stockholm (ticker: EVO) |
| Employees | 20,000+ |
| Studios | 10+ countries (Riga, Malta, Tbilisi, NJ, Philippines) |
| Games in Catalogue | 200+ |
| Simultaneous Tables | 1,000+ |
| Active Licences | 40+ jurisdictions |
| 2024 Revenue | €2.06 billion |
Evolution went from a Swedish live roulette startup in 2006 to the undisputed standard of the live casino industry. Its market capitalisation exceeds €20 billion and it operates production studios across Europe, the Americas, and Asia. Crazy Time, launched on July 1, 2020, is its most successful product — it won Game of the Year in its debut year and has accumulated over one billion rounds played globally.
Evolution started with classic tables: roulette, blackjack, and baccarat streamed from a studio in Riga. They were the only provider delivering live casino at professional broadcast quality while competitors offered pixelated video and uninspiring dealers. In 2012 they launched Immersive Roulette — the first roulette game with cinematic production and multiple camera angles — and listed on Nasdaq Stockholm in 2015.
Dream Catcher (2017) was the first live casino game show: a simple wheel with no bonus rounds and a maximum of 40×. It proved the game show format worked as a casino product. Lightning Roulette (2018) fused classic roulette with randomly generated RNG multipliers — it won Game of the Year and opened the door to hybrid mechanics. Monopoly Live (2019) added a Hasbro licence and a real 3D board with 2 bonus rounds, bringing narrative depth to the format.
On July 1, 2020, Evolution launched Crazy Time: 4 interactive bonus rounds, an independent Top Slot RNG, augmented reality elements, and multipliers up to 25,000×. It was a quantum leap in complexity and production compared to everything before it. That same year they acquired NetEnt for €2.1 billion — the largest acquisition in iGaming history — and cemented their dominant position across the entire sector.
After Crazy Time: Mega Ball (2020) brought lottery mechanics to live casino. Cash or Crash (2022) introduced progressive risk mechanics with a virtual airship. Funky Time (2023) is the most recent spin-off — a 70s disco theme with 4 exclusive bonus rounds of its own. But Crazy Time remains the most-played game show in Evolution's catalogue, with the largest simultaneous player base of any live game in the world.
Game shows are Evolution's crown jewel, but they represent only a fraction of a 200+ title catalogue. Alongside Crazy Time, they run Dream Catcher, Lightning Roulette, Monopoly Live, Mega Ball, Cash or Crash, Funky Time, and Deal or No Deal. They've also released standalone titles like Crazy Pachinko and Crazy Coin Flip — standalone versions of Crazy Time bonus rounds that operate as independent games with their own adapted mechanics.
Their foundation remains classic live casino: 20+ roulette variants (European, French, Lightning, Immersive, Speed, Auto), 15+ blackjack variants, 10+ baccarat variants, and several poker formats. Each with multiple camera angles, professional dealers, and HD streaming 24/7. Following the acquisitions of NetEnt in 2020 and Red Tiger Gaming in 2021, they also integrate hundreds of slots and RNG games into their ecosystem — enabling them to supply a complete catalogue to operators from a single provider.
The "First Person" line offers automated (RNG) versions of games like Lightning Roulette and Dream Catcher without a live dealer. These serve as a bridge between slots and live casino — for players who want the mechanics of a game show but at their own pace, without waiting for rounds or interacting with a host. The stats for Crazy Time, however, apply only to the live version — the First Person version carries its own RTP.
Evolution holds active licences in more than 40 jurisdictions worldwide, including Malta (MGA), the United Kingdom (UKGC), Gibraltar, and Curaçao. For Canadian players, its games are approved under iGaming Ontario (iGO/AGCO) — meaning every licensed Canadian casino offering Crazy Time operates within Ontario's regulated gambling framework under the supervision of the AGCO. Players in other provinces are covered by operators holding Kahnawake Gaming Commission licences.
Evolution's RNGs and game mechanics are regularly audited by eCOGRA, GLI, iTech Labs, and BMM — independent testing laboratories that certify results are fair, random, and in line with published return percentages. Every game, including Crazy Time and its Top Slot system, passes these audits before being authorised in any regulated jurisdiction.
Canadian operators including LeoVegas, Betway, Spin Casino, Jackpot City, and 888 Casino integrate Evolution's games in their live casino sections. If a casino holds an iGO/AGCO licence and offers a "Live Casino" section with Evolution titles, you can play Crazy Time legally in Canada with the assurance that both the provider and the operator are regulated. For the full comparison of iGO-licensed casinos carrying Evolution, see our dedicated page.
Now that you know Evolution Gaming — the world's largest live casino company, with 20,000+ employees, 200+ games, a Nasdaq listing, and certifications from the industry's most rigorous independent labs — you can play Crazy Time knowing exactly who's behind every wheel spin, every bonus round, and every Top Slot multiplier.
Pick a casino licensed under iGaming Ontario (iGO/AGCO) that carries Evolution and connect to the live stream. The wheel spins 24/7, the host is on screen, and multipliers can reach 25,000×. Step into the most successful live game show ever made.