The New Jersey Division of Gaming Enforcement (NJDGE) investigation into Evolution, the world’s biggest live casino games provider, has been completed.
The inquiry, which was started as a result of a report submitted in 2021 by an unidentified entity, found that Evolution was not in breach of regulation, as no evidence was found that the company was offering products in unauthorized international jurisdictions.
Namely, the report suggested that Evolution products were available in markets like Iran and Sudan, which prohibit online gambling. However, the inquiry found that such allegations were unfounded.
An Evolution press release stated: “The NJDGE found no evidence that Evolution sanctioned, promoted, permitted, or otherwise materially benefitted from its content offered by operators in any market that the NJDGE considers a prohibited jurisdiction.”
Class Action Lawsuit Against Evolution Still In Play
The report submitted in 2021 to the NJDGE suggested that Evolution was offering its products in international markets where such products are not regulated. Evolution would be breaching compliance with its New Jersey gaming license if that were the case.
Under the terms of all gaming licenses in the US, operators and software providers looking to be licensed are not allowed to operate in unregulated international markets.
According to Evolution, the only way their popular casino games could be found in play in unregulated markets would be if a malicious third party were to find high-tech solutions to work around the existing tools that block play from a number of countries.
The NJDGE conducted its due diligence and found that Evolution was not in breach and the allegations had no merit, but unfortunately for the company, this is not the end of their legal troubles.
While the NJDGE inquiry is behind them, Evolution will still have to face the class-action lawsuit brought against it by some investors who purchased the company’s shares but are now claiming Evolution misinterpreted data.
Namely, the class-action claims that the company made untrue statements regarding its growth potential, compliance with gaming license terms, and the potential results of non-compliance on its bottom line.
Evolution Remains a Top Software Developer in NJ and Beyond
Online gambling has been legal in New Jersey since 2013, and Evolution is one of the companies that has made the growth of this industry possible.
First licensed for operation in NJ in 2018, Evolution has since opened three live dealer studios in Atlantic City, with a third on the way, and partnered up with all major online casino operators in the state.
Evolution offers state-of-the-art products and is considered the best solution for live dealer games by online casino operators both in the US and worldwide, as Evolution games are currently available at hundreds of online casinos in various regulated gaming markets.
As the class-action lawsuit against Evolution continues, the NJDGE inquiry results should signal that the company was not in breach of regulation and that the investors were not deceived when purchasing stock in one of the biggest gaming software companies out there.
