Evolution Gaming: The Studio Behind the EVO Menu Code

By PH365 Editorial Team

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Kept on file while Evolution stays a Stockholm company: this note settles who the studio is, what it streams and what its name on a menu does and does not tell you. Evolution gaming tables are live-dealer rooms and live game shows, filmed in studios and sold to casinos. The company was founded in 2006. On PH365’s live menu it appears only as the code EVO, and the rooms behind it open after login.

Evolution gaming on one card

FieldAs recorded
Founded2006
HeadquartersStockholm, Sweden
SpecialismLive dealer casino and live game shows
Named titlesCrazy Time, Lightning Roulette, Monopoly Live, Immersive Roulette
Testing certificateGLI
Publishes return figuresYes, per game

This card records the studio’s own public statements; which of these titles a given lobby streams is a question for that lobby’s own menu. Its money-wheel show is written up in the Crazy Time bonus rounds entry, and the wheel and bet comparison for roulette covers the game behind two of those named titles.

What the EVO label does and does not tell you

On this lobby the name turns up in three forms, so start by working out which form you are seeing.

  1. Desktop live menu: the short code EVO, beside eight other codes such as SA, DG and WM.
  2. Inside the room, once signed in: Evolution’s own table names, which is where to read a game’s rules.
  3. In searches: evolution gaming, evolution live and similar strings, all meaning the same studio.

The studio makes the tables. Who holds your deposit and pays your winnings is the lobby, so a respected studio’s name on a menu tells you nothing about the operator around it. That distinction also explains why a lobby’s bonus terms belong to the lobby rather than to Evolution.

Evolution gaming licences, and what each one covers

RegulatorWhat the record shows
Malta Gaming AuthorityHolder: Evolution Gaming Malta Limited; type: B2B critical supply, casino vertical; status: licensed
UK Gambling CommissionSoftware licence from October 2015 and game-host licence from August 2021, both active
Roughly twenty further jurisdictionsListed on Evolution’s own compliance page, including Belgium, Denmark, Spain, Sweden and South Africa
PAGCOR electronic games listA live-dealer list for the studio is on file; it approves game content and licenses no operator

Two items deserve their dates. In July 2026 the UK regulator settled with the company for £4.75m over anti-money-laundering failings that had allowed unlicensed sites to reach UK players with its games; that was announced as a settlement rather than a suspension, and the licence stays active. Asia’s first Evolution studio went up in Cebu in 2025 alongside One Visaya Gaming, which lost its PAGCOR B2C licence that August, and the Cebu room still serves operators under a separate B2B licence.

Using this before you sit down

Read a studio’s licence as a fact about the studio, then look at the table in front of you. Three moves help:

  1. Go to the live casino section and pick the game you want first, then the studio.
  2. Read that game’s rules on its entry, such as baccarat rules and third cards, then read the room’s own panel.
  3. Sign in on the lobby’s own site by following its login route for members; the Join 76JL buttons on these pages lead off to 76JL, another casino, and never to this studio’s rooms on the lobby described here.

How to Get Started

  1. Find the EVO code on the live menu

    Open the live section of the lobby after signing in and look for EVO among the nine studio codes. That label is Evolution's shelf.

  2. Open a table's help panel

    Each Evolution table prints its rules and its return figure inside the game. Read that panel at the table you actually mean to play.

  3. Judge the lobby on its own

    A famous studio on a menu says nothing about who runs the lobby. Check the lobby's own record separately before you fund it.

Studios on record here

Note your limit, then decide

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Questions this entry settles

Is Evolution gaming the same as Evolution Live?

They point to one company. Evolution is the studio; 'Evolution Gaming Malta Limited' is the name its Malta licence is held under, and lobbies shorten it in menus, as with the EVO code here.

Does Evolution operate casinos in the Philippines?

It supplies live tables to operators rather than running a player-facing casino. Its first Asian studio began streaming from Cebu in 2025, working with a local company, One Visaya Gaming.

Does a PAGCOR list mention Evolution?

PAGCOR keeps an electronic-games list of approved live-dealer titles for the studio. It covers game content used by operators under PAGCOR licence, and that is separate from licensing the studio to run a casino.

Does Evolution publish RTP figures?

It does, for its game shows, and the figure appears inside each game's help panel. Read it at the table you plan to use, since the number differs by game and by bet.