
Evolution
Swedish company, founded in 2006, that grew on live dealer tables and now also offers RNG First Person editions like First Person Bac Bo.
- Founded
- 2006
- Headquarters
- Stockholm, Sweden
- Games on site
- 1
Evolution games in the SlotSpecs database
Live tables, rebuilt as software
Evolution made its name with live dealer games: physical tables operated by presenters in a studio, with the picture streamed to the player. The First Person range takes those same formats and recreates them in software, where a random number generator (RNG) decides results in place of a real card shoe or dice shaker. SlotSpecs carries only that RNG side, as a free demo played with virtual coins. Think of it as a quiet practice table: the rules and maths of a live format, minus the presenter and the countdown clock.
First Person Bac Bo by the numbers
When Evolution announced Bac Bo, it presented the game as dice-based and baccarat-inspired, and its chief product officer described it as a mix of baccarat and sic bo. Each of Player and Banker rolls two dice from separate shakers. The bigger total takes the round, and a tie can pay as much as 88 to 1.
Our listing for the RNG edition is First Person Bac Bo. Confirmed figures:
| Metric | Figure |
|---|---|
| RTP | 98.87% |
| Format | Table game |
| Max win | 88x |
| Release date | 12 March 2025 |
The appeal for a numbers-minded player is that every outcome can be enumerated. Each side’s two dice produce 36 combinations. Our review uses that to trace the 98.87% return on Player and Banker back to its source, and to explain why the Tie bet gives back less, at 95.52%. Note that 88x is the single highest Tie payout, attached to one particular tied total; it is not what a typical round looks like. Unlike card baccarat, there are no third-card drawing rules to memorise.
Where the returns come from
A table game such as Bac Bo takes its return from the rules and the pay table, not from a dial set at studio level, and each bet type has its own figure. Evolution lists the full ladder of Tie payouts on the game page. We have not seen any single RTP policy covering the whole company, and no volatility rating is published for First Person Bac Bo.
Live versus First Person: the difference
With a live dealer product, a presenter operates a real table, wheel or dice shaker inside a studio. Players watch the stream and place bets on an on-screen panel within a time limit, and the physical equipment produces the result. Evolution’s investor page looks back to its 2006 launch, when live casino simply meant streaming a real table to a computer. Today the range stretches to live dice titles and game-show formats.
First Person keeps the rules and the betting layout intact but swaps the hardware for RNG software and 3D animation. On Evolution’s First Person Bac Bo page, a GO LIVE button points to the live edition. That connection is not something SlotSpecs offers; our site has the free RNG demo only.
The company behind the tables
Evolution AB (publ) calls itself a Swedish public limited company, established in 2006. Standard text in its 2025 annual report places the parent in Sweden, listed on Nasdaq Stockholm with the ticker EVO. Its legal entity record shows a registered address on Hamngatan, Stockholm, and, being the listed parent, no parent company above it.
That annual report text says the group develops, produces, markets and licenses online casino solutions for operators. It counts upwards of 800 operator customers and a workforce of 22,475, based in studios spread over Europe, Asia and both North and South America. Licence details on Evolution’s game pages cover a UK Gambling Commission licence and a Malta Gaming Authority licence (MGA/B2B/187/2010), and the annual report adds permits in markets including Belgium, Canada, Romania and South Africa.
The group also owns several other game brands, some of them major slot studios. Its website lists Big Time Gaming, DigiWheel, Ezugi, NetEnt, Nolimit City, Red Tiger and Sneaky Slots next to Evolution itself. This profile deals only with the table games released under the Evolution name.
Good match if…
- You want to learn a live format first, getting the rules down before ever watching a streamed table.
- You enjoy seeing the maths, because dice outcomes can be counted precisely.
- You find betting timers stressful, since the RNG edition waits for you and has Normal and Fast speed settings.
If reels, features and bonus rounds are what you want, the group’s slot studios, NetEnt or Red Tiger for example, are the better place to look.
Upsides and downsides
Upsides
- A big listed company that publishes detailed annual reports and its licences.
- The 98.87% Player and Banker return on First Person Bac Bo can be derived directly from the dice.
- Rules match the live game exactly, making it a useful practice table.
Downsides
- The eye-catching 88x Tie payout sits on a weaker 95.52% return.
- A free RNG demo cannot include the live product the brand is built on.
Questions about Evolution
Which country is Evolution from?
Sweden. Evolution AB (publ) is listed on Nasdaq Stockholm and its registered address is in Stockholm.
What year did Evolution start?
2006.
How do First Person games differ from live ones?
Live games stream a real presenter using physical equipment from a studio. First Person games keep the same rules but run on RNG software with animation.
What is the top payout in First Person Bac Bo?
88x, paid on the Tie bet for one particular tied total.
What other studios belong to Evolution?
Seven: Big Time Gaming, DigiWheel, Ezugi, NetEnt, Nolimit City, Red Tiger and Sneaky Slots.
Sources
- news.cision.com/evolution/r/evolution—annual-report-2025,c4329954
- evolution.com/investors/corporate-governance
- lei.bloomberg.com/leis/view/549300SUH6ZR1RF6TA88
- evolution.com/news/evolution-launches-bac-bo-its-unique-dice-baccarat-game
- games.evolution.com/first-person/first-person-bac-bo
- evolution.com/investors
