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Ralph Marra, a senior counsel at Calcagni & Kanefsky LLP, created the complaint in a letter Nov. 12 to the New Jersey Division of Gaming Enforcement, a copy of which was offered to Bloomberg News. Marra stated he was writing on behalf of private investigators he didn’t name. The investigators have been retained by a U.S.-based competitor of Evolution, according to men and women with expertise of the matter who asked not to be identified. We can see that Evolution Gaming Group does have institutional investors and they hold 42% of the stock. But we cannot rely on that truth alone, due to the fact institutions make bad investments at times, just like everyone does. It is not uncommon to see a big share value drop if two significant institutional investors attempt to sell out of a stock at the same time. So it is worth checking the previous earnings trajectory of Evolution Gaming Group, (beneath). Of course, preserve in thoughts that there are other things to look at, also.

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