Evolution shutters Brazil studio, criticises “populist” gambling ban

CEO Martin Carlesund said the supplier is ready to reopen "on short notice" if the ban is reversed with margin guidance unchanged Evolution CEO Martin Carlesund said the group could reopen in Brazil at short notice, although Lula’s re-election leaves gambling facing an uncertain future. Speaking on the supplier’s Q3 2026 earnings call on 23 October, Carlesund described the closure as “highly unfortunate”. He said it showed how a “populist agenda can overthrow a regulatory framework that has only been in place for one and a half years”.