Evolution Gaming Records Exceptional Q3
Evolution Gaming is one of the biggest names in the live casino market, and the latest quarter results are definitely a proof of it.
During the three-month period ending on September 30, Evolution Gaming took home €45.7 million, or 56% more profits than in the corresponding period of 2016.
Numbers Going Through the Roof
And while the company’s operating figures reached €29.2 million, EBITDA recorded a staggering increase of 103% (€21.8 million) for a record-breaking spike on a quarter level (47.7%). Since the year started, Evolution Gaming totaled €127.7 million, 57% more than in the same period of last year.
According to Evolution Gaming, the main driving force behind such numbers are market conditions. Due to the liberalization of regulated markets across Europe, Canada, and the United States, increasing land-based casino activity and the 2018 FIFA World Cup in Russia, the company expects the growth will continue in the following months.
Data also revealed that end-user bets had gone up by 85% to €2.4 billion. This unprecedented result paves the way for even more successful next year, especially since the popularity of live casino games continues to grow.
Live casino games currently on offer include variants of Roulette, Blackjack, Baccarat, Casino Holdem, Caribbean Stud Poker and Texas Hold’em, and have several advantages – there’s no random-number generator, while the players get an authentic experience of playing at a Las Vegas technology.
Evolution Gaming has a number of live dealers studios in Latvia and has recently offered its games in British Columbia, with a total of 400 tables in operation.
The Europe’s biggest casino expects live games to dominate in the years to come.
With offices in Canada, Estonia, Latvia, Malta, the Netherlands, Sweden and the United Kingdom, Evolution Gaming, Evolution Gaming is one the biggest players in the industry.