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Most acquisitions feature a mixed payment structure in between cash and issuance of new shares, but to date dilution is not an issue. The second issue that has helped Evolution's development has been the continuous acquisitions made in recent years. By acquiring its competitors, management is incorporating all the most innovative technologies inside the company to dominate the market place. Major acquisitions as of 2020 contain Large Time Gaming, DigiWheel, NetEnt, and Nolimit City. At initially glance it may possibly appear that Evolution's competitive benefit is rather fragile right after all, it only requires a camera, some concepts, and a fantastic presenter to produce a new game that would appeal to bettors. Absolutely, we are not talking about a business that produces machinery that is not possible to reproduce like ASML on the other hand, I think its competitive advantage is a great deal far more vital than 1 could feel. In distinct, I think Evolution's position is dominant not only toward competitors but also toward shoppers themselves. It is anticipated that all 3 games will be offered in other states as well in 2024.