For a listed company competing in a highly regulated sector, few things are more corrosive than suspicion of illegal activity. Evolution AB, the Swedish gaming-software giant that helped turn live-casino streaming into a multi-billion-euro industry, finds itself in a legal drama that reads less like a corporate dispute and more like a spy novel.
Rival supplier Playtech was, in October, unmasked in US court filings as the client behind a covert campaign that had employed the Israeli intelligence firm Black Cube to produce and circulate a defamatory report accusing Evolution of trading within black markets.
The dispute has all the ingredients of a boardroom thriller: disguises, fake identities, hidden cameras and dossiers couriered to regulators.
