Evolution Commands Growing Interest in Live Dealer Games
Evolution Gaming scores impressive Q2-19 results as producer of the world’s most popular live casino games.
If you’re going to do something, you might as well give it your all. That’s was the concept behind Evolution Gaming when the company launched its first live casino studio in 2006, and the dedication behind that motto has never faltered. From day one, Evolution has been recognized as the best of the best in this elite iGaming vertical, and to this day, revenues reflect that electrified charge.
Operating in a niche market that grows larger with each passing year, Evolution continues to experience exponential success. Quarterly results for 2019 are impressive, to say the least. Clientele is up. Year over year revenue is up. Profits are up. Things are going so well, in fact, the company is anticipating a full-year EBITDA margin in the 47-49 per cent range.
Banking on the Most Popular Live Casino Games
There aren’t too many bets these days that you can call a “sure thing”, but the unwavering popularity of Evolution’s live dealer gaming products is one of them. The company boasts a uniquely varied portfolio of live titles, with new offerings arriving all the time. The positive reception of the brand’s most innovative new games, including Monopoly Live, Deal or No Deal Live, Lightning Dice and Side Bet City, has been a major boon for business in the first half of 2019.
Operating revenues are up 45% YoY in the period from January 1 – March 31, 2019, rising from €59.3m to €85.7m. EBITDA rose 63% during the quarter, from €26.2m to €42.7m. Everyone’s favorite figure – profits – jumped from €20.1m to €34.5m, representing a phenomenal 72% increase YoY. And, for the wise investors out there, earnings per share also rose 72%, up €0.19 compared to €0.11 in Q2-18.
Evolution pins the immense growth on a number of key events that took place in the second quarter:
- Positive reception for new games
- Live Casino Supplier of the Year for the tenth consecutive year
- Margin development supported by high efficiency in all studios
Live Dealer Games Growth Not Slowing Down
Evolution isn’t just capitalizing on an exponentially growing iGaming vertical. The company is directly contributing to – if not commanding – its continued growth. Evolution’s ever-extending portfolio contributes to sustained revenue growth by relentlessly attracting a new genre of customers to the tables. However, its their core gaming tables that continue to generate the largest portion of profit for the company, and its increasing number of online casino clients.
They say the proof is in the pudding, and let me tell you – Evolution has made a lot of pudding! No other company operating in any segment of the iGaming industry can claim the same ceremonially celebrated presence of Evolution Gaming. For ten years running, it has been awarded the EGR Live Casino Supplier of the Year Award. That’s every year the award has been offered. Clearly, there is no rival to what this company brings to the live dealer table – and yes, that pun was formally and wholeheartedly intended.
CEO Martin Carlesund attempted to explain the company’s approach to the market, and why he believes they’ve managed to stay on top as the industry-long supplier of the world’s most popular live casino games.
“Since Evolution’s inception, we have had a paranoid approach to our development, and given all achievements so far in 2019 I would like to conclude these comments by pointing out that we are never fully satisfied,” he said. “We never sit back and each day, we fight to become a little bit better.”
Author
#1 Canadian-Friendly Casino
Jackpotcity.com is our editorial pick for your gaming needs.
Currently offering an entire suite of casino games, as well as a wide range of Canadian deposit options, JackPotCity truly offers world-class gaming.
