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Evolution sees revenue up by 31.5% in Q1, driven by live casino games

Online casino solutions business Evolution has shared its report for the first quarter of 2023. During the period, operating revenues increased by 31.5% to EUR 429.6 million ($438.7 million). EBITDA increased by 30.7% to EUR 300.2 million ($330.4 million), corresponding to a margin of 69.9%, while profit amounted to EUR 251.2 million ($197.7…
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Evolution Gaming: Part 1 Of Deep Dive Into A Live Casino Gaming Powerhouse

Evolution AB (publ) (OTCPK:EVVTY) ("EVO") is a leading B2B live casino game provider in Europe, and more recently, they have been gaining traction in both Asia and the U.S. The casino industry is undergoing a dramatic shift in terms of the increased number of legislations and the tailwind from land-based casinos to online casinos, which are playing…
Industry
Evolution Gaming: Part 1 Of Deep Dive Into A Live Casino Gaming Powerhouse
The Jerusalem Post

Why is Evolution gaming optimistic about 2022?

The Evolution Group is a major B2B producer of igaming content, with an unrivaled inventory of one-of-a-kind titles. In the world of online gaming, their trademarks are linked with the greatest solutions and the most diverse selection of games. With its Evolution and Ezugi brands, the Evolution group is a global leader in live dealer gaming. Their…
Industry
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iGaming Brazil

High demand for live casinos drives Evolution's quarterly revenue

Evolution reported a 37% increase in revenue for the third quarter of the year, driven by a "high demand" for live casino content. The group generated 378.5 million euros (US$381 million) in operating income in the third quarter, up from 276 million euros in the prior-year period. EBITDA, in turn, increased by 35% to 261 million euros. However,…
Finance
High demand for live casinos drives Evolution's quarterly revenue
Gambling Industry News

Evolution Q3 Report Reveals 45% Growth in Live Casino Business

Online gaming provider Evolution has released its revenue report for the third quarter of 2022 revealing that operating revenues for the period grew by 37.1% to €378.5 million from €276 million in Q32021. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 35.3% to €261.0 million giving the company a margin of…
Live Gambling
Evolution Q3 Report Reveals 45% Growth in Live Casino Business
iGaming Business

Evolution reaffirms low-volume slot strategy with Nolimit City acquisition

From the moment it acquired NetEnt in 2020, Evolution has made it clear that it wanted to be seen not simply as a giant of live casino, but as a "one-stop shop" for online casino operators. To that degree, the rationale for its acquisition of slot developer Nolimit City is obvious. Yet to date, Evolution's random number generator (RNG) division has…
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Nolimit City

Evolution has entered into an agreement to acquire Nolimit City, a leading producer and developer of online slot games

Evolution AB (publ)'s wholly owned subsidiary, Evolution Malta Holding Limited, ("Evolution") has entered into an agreement to acquire the entire issued share capital of Nolimit City Holding Ltd ("Nolimit City") for an upfront consideration of EUR 200 million (the "Transaction"). With earn-outs of up to EUR 140 million the total consideration can…
Gaming Authorities
Evolution has entered into an agreement to acquire Nolimit City, a leading producer and developer of online slot games
Vegas Slots Online

Evolution Finalizes €340m Nolimit City Online Casino Deal

Evolution's aggressive acquisition strategy in the online casino space has seen the Stockholm-based brand add slots disruptor Nolimit City to its roster after finalizing a deal worth up to €340m ($347m). upfront consideration of €200m ($204m) cash The total price tag of the finalized acquisition, which was announced in a news release Monday, was…
Industry
Evolution Finalizes €340m Nolimit City Online Casino Deal
Gambling News

Evolution Officially Closes Its €340M Nolimit City Takeover

Evolution has officially closed its €340 million ($347 million) Nolimit City takeover. The deal contained a conditional upfront payment of €200 million ($204 million) and a number of earn-outs that amount to €140 million ($143 million), payable in cash. As one of the world's leading live casino game providers, Evolution has been quite active in…
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Evolution Officially Closes Its €340M Nolimit City Takeover
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Yogonet

Evolution reports 38.6% revenue growth in Q1, driven by Live Casino demand

In its interim report for January-March 2022, Evolution said Thursday its revenues in the first quarter increased by 38.6% to EUR 326.8 million ($343,4 million), while the EBITDA increased by 43.4% to EUR 229.7 million ($241,4 million), with a margin of 70.3%. Profit for the period amounted to EUR 197.7 million ($207.7 million), and earnings per…
Finance
iGaming Business

Evolution revenue up to €326.8m as live casino growth continues in Q1

Revenue from live-dealer games continued to grow rapidly, up 44.3% to €264.5m. The operator's chief executive, Martin Olof Carlesund, said this was notable as the Q1 figure had itself been more than double the total recorded in Q1 of 2020. "We experienced exceptional growth in the first half of 2021 so the comparable figures are demanding," he…
Finance
Evolution revenue up to €326.8m as live casino growth continues in Q1
Vegas Slots Online

NetEnt and Evolution Gaming Post Strong Q2 Results

NetEnt and Evolution Gaming have posted strong Q2 results, as the lack of sporting events during the pandemic shifted gambling dollars to online casinos. [Image: Shutterstock.com] Live dealer game specialist Evolution Gaming and online casino game developer NetEnt both posted strong financial results for the second quarter of 2020. a jump in online…
Sports
NetEnt and Evolution Gaming Post Strong Q2 Results
Yogonet

Evolution presents 25 new online casino games, roadmap for 88 releases in 2022

Evolution on Tuesday hosted an online event at which it showcased 25 new online casino games from its Group brands - Evolution, NetEnt, Red Tiger, Ezugi, Big Time Gaming and DigiWheel. The 25 games are part of' THE GREAT 88' , an Evolution initiative that will see 88 games released by the Group in 2022. This first tranche of new games…
Games
Evolution presents 25 new online casino games, roadmap for 88 releases in 2022
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Yogonet

High demand for Evolution's Live Casino drives 97% revenue growth

Live Casino saw 53% growth year-on-year, EBITDA increased by 113%, while RNG revenue grew 7.9%. Throughout the period, the company continued its expansion with the US market and signed an agreement to acquire iGaming developer DigiWheel. Evolution is currently rolling out its updated integration for casino, One Stop Shop, and is advancing on new…
Finance
High demand for Evolution's Live Casino drives 97% revenue growth
SBC News

Evolution gaming doubles revenues as new RNG optimisation roadmap begins

Evolution Gaming reports a period of high activity, as its gaming business continues to benefit from an expanded product catalogue and games selection. The Stockholm Nasdaq games studio has attributed a'very strong global demand' for live casino offerings as the primary factor behind its Q3 growth, which has seen its total operating revenues…
Finance
Evolution gaming doubles revenues as new RNG optimisation roadmap begins
Casino News Daily

Evolution is raking in the dough with explosive growth

Live dealer game provider and burgeoning industry behemoth Evolution Gaming released its interim report for the third quarter (January-September 2021) showing consistent and phenomenal growth in its live gaming product. Third-quarter growth year on year saw operating revenues up by 97% to EUR 276 million and EBITDA increasing 113% for a 3-month…
Lottery
Evolution is raking in the dough with explosive growth
iGaming Business

Revenue and profit up at Evolution in Q3 as live casino growth continues

Revenue for the three months through to 30 September was €276.0 (£232.7m/$320.5m), up 97.1% from €140.0m in the third quarter of last year. Evolution said this increase was driven by a growing demand for online casino, with revenue from its live casino business hiking 53.2% year-on-year to €214.5m. This demand, Evolution said, led to a rise in…
Finance
Revenue and profit up at Evolution in Q3 as live casino growth continues
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Yogonet

Evolution set to acquire Irish igaming developer DigiWheel

volution announced on Friday that it has entered into an agreement to acquire the business of DigiWheel, the Ireland-based manufacturer of the world's first HD spinning gaming wheel. The acquisition will be an all-cash deal with a total up-front consideration of €1 million (USD $1,18 million). In addition, Evolution will pay an earn-out payment,…
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Evolution Group To Acquire DigiWheel For €1 Million

Evolution Group has reached an agreement to purchase DigiWheel's business, which the company claims will be a "excellent fit" with its product offering. The acquisition is purely cash, with a €1 million upfront payment and an earn-out payment based on DigiWheel's net profits for the third year following close. The DigiWheel is a 360-degree,…
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Evolution Group To Acquire DigiWheel For €1 Million
Casino News Daily

Evolution Nabs DigiWheel to Diversify Live Casino Offering

Live casino specialist Evolution is set to further expand its network of brands with the acquisition of DigiWheel, a developer of an innovative HD spinning game wheel. Evolution announced Friday that it would pay €1 million in cash for DigiWorld. In addition, the company will make an earn-out payment based on the studio's net income for the third…
Live Gambling
Evolution Nabs DigiWheel to Diversify Live Casino Offering
Gaming Intelligence

Evolution acquires spinning wheel game developer DigiWheel

Stockholm-listed casino supplier Evolution has entered into an agreement to acquire Cork-based DigiWheel, developer of a unique HD spinning gaming wheel. Evolution will acquire the business for a total up-front consideration of €1m in cash, together with an earn-out payment based on DigiWheel's net income for the third year following…
Software
Evolution acquires spinning wheel game developer DigiWheel
Yogonet

Evolution CEO: "We want to re-shape the online casino market in the world"

volution released Wednesday its Interim Report for January-June 2021. Revenues in the second quarter increased by 100% compared to the second quarter of 2020 to EUR 256.7 million. Over the first half of 2021, operating revenues increased by 102%. EBITDA grew 115% to EUR 174.7 million, corresponding to a margin of 68 percent. "We are in the middle…
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Gambling News

Evolution to Host Online Casino Games with Live Dealer in Michigan

Gambling technology supplier Evolution has been greenlit to host online casino games with a live dealer. The authorization came directly from the Michigan Gaming Control Board and is the first time ever such a hybrid approach between live and online gambling has been adopted by the state. Evolution's new format was thoughtfully examined by the…
Games
Evolution to Host Online Casino Games with Live Dealer in Michigan
Market Screener

Evolution's quarterly earnings jump on casino games boost

STOCKHOLM, July 21 (Reuters) - Sweden's Evolution ABreported a 115% jump in second-quarter core earnings,beating market estimates, as the pandemic boosted demand foronline casino games, particularly in the United States. The company, which makes online slot machines and roulettegames, has seen more customers turning to online games and theUnited…
Games
Evolution's quarterly earnings jump on casino games boost
Gambling Insider

The winners of the Global Gaming Awards London 2021

The winners of the Global Gaming Awards London 2021 have been revealed. After a lengthy voting process, including a self-nomination window and input from our Nominations Panel and the Gambling Insider team, our esteemed judges voted to crown this year's winners. Votes were made online by leading CEOs and executives from across the industry, before…
Sports
The winners of the Global Gaming Awards London 2021
Reuters

Sweden's Evolution bets online casinos will outstrip physical venues

Swedish gambling technology company Evolution (EVOG.ST) is betting online casinos will increasingly replace physical venues and help to maintain its rapid recent expansion. Evolution shares have jumped 170% over the past year, boosted by growing demand for online casinos during lockdowns, pushing its market value up to 314 billion crowns ($38…
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Sweden's Evolution bets online casinos will outstrip physical venues
India Education

Aditya Bhushan, Indian executive takes on role as NetEnt’s new CTO

Indian executive Aditya Bhushan has taken over the chief technology officer (CTO) role at NetEnt following the departure of Tobias Palmborg last September 4. Bhushan was formerly the director of the game platform as well as the managing director of NetEnt India. He started his career as a software engineer at Nagarro Software AB in 2003 before…
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Aditya Bhushan, Indian executive takes on role as NetEnt’s new CTO
Casino Beats

LeoVegas appeal, GambleAware, Evolution, & Flutter: the week in numbers

Each week, CasinoBeats breaks down the numbers behind some of the industry's most interesting stories. Today we take a brief look at an array of financial updates from across the industry, as well as a five-year strategy released by GambleAware, LeoVegas appeal, and the "devastating" effect of COVID-19. 4.75 Super Group unveiled its intention to…
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LeoVegas appeal, GambleAware, Evolution, & Flutter: the week in numbers
World Casino News

Evolution receives license for SA market

Just a day away from unveiling its boldest and most innovative line-up yet at ICE, and Evolution Gaming has announced that it will launch in South Africa after having received a national manufacturer license from the Western Cape Gambling and Racing Board (WCGRB). The license will enable the Stockholm-headquartered supplier of Live Casino solutions…
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Evolution receives license for SA market
Calvin Ayre

Evolution Gaming doubles profits as live casino interest grows

Live dealer online casino specialists Evolution Gaming nearly doubled their profits in the first quarter of 2020 as bettors sought out online alternatives following the pandemic-related shutdown of live sports. Figures released late last week show the Stockholm-listed Evolution's revenue hit €115.1m in the three months ending March 31, 45% higher…
Live Gambling
Evolution Gaming doubles profits as live casino interest grows
Online Poker Report

US Online Casinos Drive Revenue Growth For NetEnt, Evolution

US online casinos are an increasingly important part of the global gambling business. That's the takeaway from two Q1 earnings calls this week, held by European supplier giants NetEnt and Evolution Gaming. Both said the US market was a key driver of revenue growth at a time when their core Nordics markets are struggling. NetEnt, for instance, now…
Finance
US Online Casinos Drive Revenue Growth For NetEnt, Evolution
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