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NODWIN Gaming Sells Stake in EVO to RTS, Reinforces Strategic Focus on Emerging Markets

NODWIN Gaming has announced the strategic sale of its entire stake in the Evolution Championship Series (EVO) to long-time partner RTS, aligning the tournament with an investment-driven growth strategy while sharpening its own focus on emerging markets.

The move supports EVO’s next phase of global expansion, which requires significant capital and long-term scaling initiatives. Although ownership has transferred to RTS, NODWIN Gaming will remain involved as a strategic regional partner, contributing operational expertise and community development across key growth territories.

For more than two decades, EVO has served as a central pillar of the global fighting game community, evolving from a grassroots gathering into one of the world’s premier competitive platforms. Under RTS leadership, the tournament is expected to expand its international footprint while preserving its community-driven ethos.

The divestment forms part of NODWIN Gaming’s broader portfolio realignment, allowing the company to deepen its presence in fast-growing gaming markets, invest in local intellectual property, and build sustainable esports ecosystems across the Global South.

Akshat Rathee, Co-Founder and Managing Director of NODWIN Gaming, said:
“EVO represents the passion, resilience, and spirit of the fighting game community, and it is a privilege for us to be part of that journey. As the platform steps into a new era of global opportunity, we see RTS as the right partner to build on its strong foundation and guide its continued evolution. For NODWIN, this is a strategic step that sharpens our focus on markets where gaming is witnessing extraordinary momentum. Our commitment to growing esports ecosystems remains unwavering, and we look forward to collaborating with RTS to bring EVO experiences to new audiences while continuing to shape the future of gaming across emerging regions.”

The strategic shift also reflects strong financial momentum for NODWIN Gaming, which returned to EBITDA-positive performance in Q3 2025 while reporting 58% year-on-year revenue growth to INR 530.3 crore (USD 58.5 million) for the first nine months of FY26.

Adrienn Sarkany is a Contributing Editor at EEG (Expertise & Evolution Gaming), where she brings a unique cross-cultural perspective to the EE Intelligence Hub. Currently pursuing a degree in Finnish and Korean Language and Literature, Adrienn…

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