The Devolution of Evolution Gaming: A Stinging Report into Problematic Issues with the Company

Gaming and gambling have become big business online. During the pandemic, the industry exploded with people sitting home and finding these games to pass time and relieve stress. Now, with the bulk of activity, there are a few companies that stand out as having profited the most.  In one case, we may now know why. Evolution AB (EVOG.ST) has been in the news for the past few days, but not for anything fun. The Swedish based gaming company lost about $3 billion in market value on Wednesday, after an accusation developed that it was operating in countries such as Iran, in violation of U.S. sanctions. The report said so much more than that, but you can read it for yourself below.

The report was based on months of deep investigating, where researchers found individuals who run the alleged illegal activities, and they went online and played the games in those countries as well.

Evolution’s Online Casino Presence in Illegal Markets

Evolution tried to deflect by claiming, “As a B2B-supplier, Evolution has  customer relationships with gaming operators,  who in turn own the relationships with the end users. Evolution does not own or control any of the operators or aggregators it works with. We have no direct relationship with the underlying player and no involvement in handling of players’ money,”

They claim, “We sell licensed and certified games to licensed operators and aggregators. It is the operator that decides which markets to market themselves, that handles the KYC process and finally decides what players to accept.”

So, they are using the defense that it’s not them, it’s someone who use them.  Let’s see of the government regulators here and in Sweden buy the argument that they are not to be held accountable for the actions of its own contract workers.  The report suggests full accountability.  You should take a look and see for yourself.

Evolution Gaming Illegal Ac… by Evolution Gaming

About Judson Bennett

Captain A. Judson Bennett was a life- long resident of Lewes, DE. He served the maritime industry for 33 years, primarily as a Delaware River Pilot, guiding large ships to the Port of Philadelphia. Captain Bennett has been an active and consistent entrepreneur over the years.

He was elected as a Lewes City Councilman for 6 years. Afterwards he ran for the Sussex County Council as a Republican, and with 20 thousand people voting, lost Delaware’s closest election by 3 votes to an 8 year incumbent. Abandoning his personal political ambitions, he became the Republican District leader, advocating conservative values. Captain Bennett became a lobbyist in the state legislature advocating among many ideas, financial literacy concepts in education. He managed several political campaigns, including one for Governor of Delaware and one for the US Senate against VP Joe Biden. He is now the owner, operator, and writer for the Coastal Network which communicates regularly with over 6000 people throughout the State of Delaware.

Captain Bennett is a graduate of St. Andrew’s School in Middletown, DE (where the movie “The Dead Poet’s Society was filmed) and also graduated “Magna Cum Laude” from the University of Delaware with a BA in Criminal Justice and an MA in Liberal Studies.

He is now a Widower, living in West Palm Beach, Florida. Captain Bennett has one son, three grandchildren, and one great grand-daughter, all who live in Richmond, Virginia.