NoLimit City Ltd.

History & Founding

NoLimit City was founded in 2013 (the company’s own history page states 2013; LinkedIn records 2014). The founding team, led by co‑founders Jonas Tegman and Jens von Bahr, aimed to create slots that stood apart from mainstream offerings. The first game, Oktoberfest, launched in 2016 and established the studio’s reputation. A key milestone was obtaining a Malta Gaming Authority licence in 2019, which allowed the company to scale internationally. Throughout 2020–2021, NoLimit City expanded its operator network and inked a content distribution agreement with Microgaming, significantly widening its reach. The acquisition by Evolution in 2022 brought the studio under the world’s largest live‑casino and slots aggregator.

Products & Platforms

NoLimit City develops and supplies online slot games and a full‑service iGaming platform. Its game portfolio is built on the proprietary xMechanics suite, which includes the X‑Ways (enhanced ways‑to‑win mechanic) and Nolimit Bonus (in‑game bonus buy) features. The platform is a modern, micro‑services architecture developed entirely in‑house, supporting high‑volume play, social interaction, and operator‑customisable back‑office tools. Notable game titles include Oktoberfest, Punk Rocker, Deadwood, and Barbarian Fury. The company also offers a “Bonus Toolbox” for operator engagement, flexible integration via API, and support for both desktop and mobile environments.

Licensing & Regulation

NoLimit City Ltd. is licensed and regulated by the Malta Gaming Authority under licence number MGA/B2B/299/2015 (issued 1 August 2018). The registered entity is NoLimit City Limited, registration number C 54001, with its registered address at Spinola Park, Level 1, Mikiel Ang. Borg Street, St. Julians, SPK1000, Malta.

Market Position & Competition

NoLimit City occupies a distinctive niche in the online slot market, known for high-volatility games with creative themes and innovative mechanics. It competes with other mid-tier studios such as Hacksaw Gaming, Push Gaming, and Relax Gaming, as well as larger providers like NetEnt and Play’n GO. The acquisition by Evolution provided significant distribution advantages and financial backing.

Recent Developments

The Evolution acquisition closed in 2022 for up to €340 million. Since then, NoLimit City has continued to release new titles and expand its operator network. The company maintains a strong presence in regulated markets, particularly those accepting MGA licences.