Evolution Brazil Studio Closure 2026 is now a key issue for the live casino leader. Evolution closed its Brazilian studio on October 5. The move followed the government’s sudden ban on regulated online gambling. On its third quarter call, CEO Martin Carlesund did not hide his frustration.
Evolution Brazil Studio Closure 2026: What The CEO Said
Carlesund criticized the speed of the ban. He said a populist agenda overturned a framework that had existed for only about 18 months. Furthermore, he said the industry was “flabbergasted” by how it happened. He called the situation a total negative for everyone in the business.
Still, Evolution says it can reopen fast if the government changes course. Legal challenges to the ban continue. Meanwhile, President Lula, who signed the ban, won a surprise election victory on October 25. That result may make a quick reversal less likely.
Carlesund declined to estimate the fourth quarter revenue hit. However, Brazil makes up well under half of Evolution’s Latin American revenue. That region brought in 49 million euros in the third quarter.
The wider results offered some stability. Group revenue rose 3.7% to 526.1 million euros. Live casino revenue grew 2.6% to 443 million euros. In contrast, revenue from European players fell 4.7%. Meanwhile, North America grew 13.6%.
Why It Matters For Players
Live dealer studios need local staff, gear and licenses. When a market closes, studios shut down quickly. As a result, players lose access to local-language tables and dealers.
For US players, the news looks better. Evolution plans a fourth New Jersey studio before the end of 2026. That studio will also serve Delaware. Consequently, Evolution will run eight US hubs in total. More studios usually mean more tables and shorter waits during busy hours.
The Brazil case also shows how fast rules can change. A legal market can close within months. Therefore, players should not assume any market stays open forever.
Evolution is also building its RNG side. RNG revenue rose 10.1% to 83.1 million euros in the quarter. Additionally, the company plans to launch Spinning Whale, a new RNG brand for American players. As a result, US fans should see more new games soon.
Casino Bonus Streak Perspective
Evolution remains the biggest name in live dealer games. Its US growth is good news for players who enjoy live blackjack, roulette and game shows. Before you join a table, compare welcome offers. Our list of the best casino bonuses includes deals that work on live dealer games. Our guide to fast payout casinos also highlights sites with quick withdrawals.
Also, check whether a bonus counts toward live games. Many offers exclude them.
What Players Should Watch Next
First, watch the court challenges against the Brazil ban. Next, watch for the new New Jersey studio launch. Finally, track whether the Evolution Brazil Studio Closure 2026 shows up in fourth quarter results. (Source: Casino.org)
