Evolution, the world’s most prominent provider of live dealer games for both online and land-based casinos, decided to come out strong and dismiss the allegations regarding making its products available in countries which are subject to United States trade sanctions.
Last week, the Swedish company was accused through a complaint made in a letter to the New Jersey Division of Gaming Enforcement on behalf of unnamed private investigators. The law firm that submitted the complaint accused Evolution of operating in countries such as Iran, which is under strict sanctions imposed by the U.S. government.
Moreover, the private investigators that were retained by a competitor of Evolution based in the United States recorded themselves while playing the developer’s games through internet addresses located in Singapore and Hong Kong, territories where online gambling is banned.
After the accusations were made public, Evolution’s stocks lost a lot of value and the gaming company lost around 3 billion dollars in market value in a single day. Evolution dismissed the allegations and said the claims were from an anonymous third party aiming to discredit the business.
The company explained that it has always worked closely with regulators in order to provide the necessary tools to operators in order to block play from certain territories, including the countries that feature on the United States sanction list.