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Sweden – Evolution firing on all cylinders as mobile pulls level

By - 20 July 2017

Evolution Gaming has reported first quarter operating revenues increased by 56 per cent to €42.3m, EBITDA increased by 81 per cent to €19.2m and profit came in at €14.6m.

One of the most intriguing stats was away from the company’s financials though with gaming revenues generated on Evolution’s platform using mobiles devices exceeding 50 per cent for the first time.
Martin Carlesund, Evolution CEO, said: “We are seeing continued Live Casino initiatives among all of our customers, who are also marketing their offerings towards end users to an increasing extent. Operators’ Live offerings are undergoing constant development and we are working hard to optimise their environments to optimally reflect each brand and various player profiles. For the remainder of the year, we expect an intense period in terms of expansion of new environments.”

Evolution’s recent strategy has seen it develop Live versions for more than traditional tables games. “Against this background, it is particularly satisfying that our latest game, Dream Catcher, which represents a completely new category in the Live segment, has quickly become popular among players,” Mr. Carlesund said. “Dream Catcher is a clear example of our product innovation and, since its launch, it has developed in line with our high expectations.”

Another new product is the company’s progressive Jumbo 7 Jackpot, which is now part of Live Casino Hold’em. Evolution has contributed €1m to the initial winning amount, which is the highest starting level to date for a table game jackpot.”

Land-based casinos are continuing to show considerable interest for Evolution’s converging product Dual Play Roulette. Mr. Carlesund said: “Our latest installation, which is available for our entire licensee network, can be found at Grand Casino Bucharest. We are proud of our Dual Play solution, which really fills its purpose as a bridge between online and real-life play. The land-based sector is still clearly larger than the online gaming market, and Evolution shall be the go-to partner for physical casinos seeking to develop their digital brands.”

Among new customers in the quarter, he wanted to highlight Evolution’s agreement with the Netherlands’ largest gaming operator Nederlandse Loterij, which runs a variety of game types and brands in the market.

“This partnership provides further evidence of Evolution’s leading capabilities to deliver services in regulated markets, and we look forward to the opportunity to build a strong Live Casino product for this state-owned operator,” he said.

The quarter also saw Evolution give the all-clear to establish its next major studio in Tbilisi in Georgia.

“From this studio, we will continue to expand, offering our services to additional customers and markets. We view the remainder of the year with confidence and excitement,” Mr. Carlesund concluded.

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