Crazy Time Crazy Time Evolution Gaming is the company that revolutionised live casino. Founded in 2006 in Stockholm, it now operates with more than 20,000 employees, studios across 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 online casinos. Here you'll find the company's data, its history of innovation, and why the 4 Crazy Time bonuses are possible thanks to its infrastructure.
Evolution AB in numbers — all figures publicly verifiable in annual reports and stock exchange filings:
| Detail | Value |
|---|---|
| Official Name | Evolution AB |
| Founded | 2006, Stockholm (Sweden) |
| CEO | Martin Carlesund |
| Stock Exchange | Nasdaq Stockholm (ticker: EVO) |
| Employees | 20,000+ |
| Studios | 10+ countries (Riga, Malta, Tbilisi, NJ, Philippines) |
| Games in Catalogue | 200+ |
| Simultaneous Tables | 1,000+ |
| Licences | 40+ jurisdictions |
| Revenue 2024 | €2.06 billion |
Evolution went from being a Swedish live roulette startup in 2006 to becoming the absolute 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 1 July 2020, is its most successful product — it won Game of the Year in its debut year and has accumulated more than one billion rounds played globally.
Evolution started with classic tables: roulette, blackjack and baccarat streaming from a studio in Riga — the only provider doing live casino at professional production quality while others offered pixelated video and low-energy dealers. In 2012 they launched Immersive Roulette — the first roulette with cinematic production and multiple camera angles — and in 2015 they listed on Nasdaq Stockholm.
Dream Catcher (2017) was the first live casino game show: a simple wheel with no bonus rounds, maximum 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, giving the format genuine narrative depth.
On 1 July 2020, Evolution launched Crazy Time: 4 interactive bonuses, an independent RNG Top Slot system, augmented reality and multipliers of up to 25,000×. It was a quantum leap in complexity and production compared to everything before it. That same year Evolution acquired NetEnt for €2.1 billion — the largest acquisition in iGaming industry history — consolidating their total domination of the sector.
After Crazy Time: Mega Ball (2020) brought the lottery format to live casino. Cash or Crash (2022) introduced progressive-risk mechanics with a virtual airship. Funky Time (2023) is the most recent variant — 1970s disco theme with 4 original bonus rounds. 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 their 200+ title catalogue. Beyond Crazy Time, they operate Dream Catcher, Lightning Roulette, Monopoly Live, Mega Ball, Cash or Crash, Funky Time and Deal or No Deal. They have also launched standalone spinoffs like Crazy Pachinko and Crazy Coin Flip — standalone versions of Crazy Time's bonus rounds that function 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 and several poker formats. Each with multiple camera angles, professional dealers and 24/7 HD streaming. 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 — allowing operators to source a complete catalogue from a single provider.
The "First Person" line offers automated (RNG) versions of games like Lightning Roulette or Dream Catcher, without a live dealer. They work as a bridge between slots and live casino — for players who want the game show mechanics at their own pace, without waiting for rounds or interacting with a host. The statistics for Crazy Time, however, apply only to the live version — the First Person variant has its own RTP figures.
Evolution holds active licences in more than 40 jurisdictions worldwide, including Malta (MGA), the United Kingdom (UKGC), Gibraltar and Curaçao. These are the regulatory frameworks that cover international online casinos serving Indian players. Any licensed casino carrying Evolution Gaming titles operates under the oversight of a recognised regulator — meaning Crazy Time and all other Evolution games are provided within a certified, audited framework.
Their random number generators (RNG) and game mechanics are audited regularly by eCOGRA, GLI, iTech Labs and BMM — independent laboratories that certify results are fair, random and consistent with published return percentages. Every game, including Crazy Time and its Top Slot system, passes these audits before being authorised in any regulated jurisdiction.
Operators serving the Indian market such as Betway India, LeoVegas, 10CRIC and Pure Win integrate Evolution's games in their live casino sections. If a casino holds a valid MGA or UKGC licence and offers a "Live Casino" section with Evolution Gaming titles, you're playing Crazy Time through a fully regulated and certified provider. For the full comparison of licensed casinos with Evolution Gaming, 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 demanding independent laboratories — you can play Crazy Time with the confidence of knowing exactly who is behind every wheel spin, every bonus round and every Top Slot multiplier.
Choose a casino with a valid MGA or UKGC licence that carries Evolution and connect to the live stream. The wheel spins 24/7, the host is waiting and multipliers can reach up to 25,000×. Step into the most successful game show in live casino history!