Podcast by Pierre Lindh #51 – Julian Buhagiar, RB Capital, Co-Founder

???? Topic: Evolution’s acquisition of Big Time Gaming!

✌️Pierre’s iGaming NEXT Podcast main sponsor is Pragmatic Solutions – Leading iGaming platform technology. For more info, click here: https://bit.ly/3lSy1B5.

This podcast is also sponsored by Kalamba Games and Bitcasino.io.

????Julian is co-founder of RB Capital. He is an investor & board director to multiple ventures in the gaming, fintech & music industries. He has managed investments, M&As and exits to date in excess of $500m.

In this podcast we cover:
???? 00:00 – Introduction
???? 00:12 – Welcome Julian Buhagiar to an emergency Podcast
???? 00:26 – News! Evolution acquire Big Time Gaming!
???? 01:18 – Evolution’s exponential growth
???? 01:48 – Comparisons between acquisitions
???? 03:06 – Julian’s reaction to this acquisition
???? 04:20 – Why did Evolution acquire Big Time Gaming?
???? 06:54 – NetEnt leverage their distribution power
???? 07:28 – Share prices did not move much, how come?
???? 09:31 – The dynamics of the merge are very straightforward
???? 10:34 – The basis of the deal
???? 11:44 – Factoring the earnout of the deal
???? 12:51 – Evolution has made a good deal with this acquisition
???? 14:49 – Different dynamics of the Evolution and NetEnt acquisition deal
???? 16:25 – Julian says he would hold on to Evolution shares
???? 17:25 – Describing the type of transaction for these type of sales
???? 19:32 – The difference between NetEnt and BTG deals
???? 21:34 – Expecting multiples to continue increasing
???? 22:41 – Explaining SPAC
???? 25:20 – Is Evolution’s PE ratio sustainable?
???? 26:37 – Expecting more movement from Evolution
???? 27:19 – Consolidation by Evolution?
???? 28:48 – Hit or Miss?
???? 29:15 – Closing off