New Jersey Division of Gaming Enforcement has closed its investigation of Evolution AB with no further action

STOCKHOLM, Feb. 20, 2024 /PRNewswire/ -- Evolution AB has been informed by the New Jersey Division of Gaming Enforcement (NJDGE) that it has conducted an investigation into allegations of misconduct by Evolution AB and that its investigation has been closed with no further action taken.

In November 2021 the NJDGE received a report prepared by an unidentified firm alleging misconduct by Evolution AB. Following receipt of the report, the NJDGE commenced a thorough investigation into the allegations to determine their validity.

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.

Evolution also conducted an internal review, while concluding that its due diligence and compliance processes were sufficient, Evolution took the opportunity to enhance its processes. The NJDGE supports the enhancements that Evolution has made. The enhancements did not relate to any jurisdictional violations.

The NJDGE's investigation into this matter is closed requiring no further action.

For investor enquiries, please contact: 
Jacob Kaplan, CFO, ir@evolution.com 
Carl Linton, Head of IR, +46 70 508 85 75

This information is such that Evolution AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above on 20 February 2024, at 08:30 am CET.

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SOURCE Evolution