Evolution Gaming's revenue increases 60% during Q1 2017

Evolution Gaming report pointed out three key aspects that had a positive impact on its performance during the first quarter of 2017:

1. Overall very high demand for Live Casino games among the customers.
2. Agreement with the Spanish gaming operator Codere for exclusive provision of Live Casino in Mexico.
3. Additional new agreements with mybet, Matchbook and White Hat Gaming.

Summary

"The strong momentum that we experienced towards the end of last year continued into 2017, and January and February were particularly strong, with a very high level of activity among our customers. Compared with the first quarter of 2016, sales increased by 60 percent," said Martin Carlesund, CEO of Evolution Gaming.

"We have seen generally high player volumes among all types of customers, both small and large well-established operators, while customers are also increasingly optimising their Live Casino offerings. In line with this, growth has, as in the past, derived primarily from existing customers, while new customers initially focus on adjusting their offer to attract end users to start playing Live Casino."

Innovations

During Q1 2017, the company launched Speed Baccarat and Speed Roulette (faster versions of the originals) and a progressive jackpot for Caribbean Stud Poker. Apart from the new products, Evolution Gaming also enhanced the user experience in mobile mode by enabling gaming in portrait view for Baccarat and Blackjack

New costumers

Carlesund revealed that the company has secured several new customers in the past three month, including myBet, Matchbook, White Hat Gaming and Codere. In addition, he announced that Evolution Gaming will be the exclusive provider of Live Casino in Mexico, one of Codere’s key markets.

New deals

The brand announced an agreement with Canadian operator British Columbia Lottery Corporation, which will mark Evolution Game's first launch in the North American market. As a result of this deal, the company will build a new Live Casino studio in the Metro Vancouver area in Canada.

The new project will create over 180 jobs and the gross winnings of BCLC will be reinvest in various community initiatives in British Columbia. 

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We view our continued growth confidently, with good opportunities to further widen the gap to our competitors, through our strategy with its clear focus on profitable growth. To support future expansion, we intend to start the establishment of our third major studio in Europe during the year, which like our production studios in Riga and Malta will be able to serve multiple markets and customers,  Martin Carlesund, CEO of Evolution Gaming.

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