Evolution Gaming's revenue increases 56% during Q2

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

• Strong and even growth for all products
• Evolution named Live Casino Supplier of the Year for the eighth consecutive year
• Change of listing to Nasdaq Stockholm

"I am very pleased to be able to sum up an eventful quarter with positive development in several areas. The favourable momentum of the past quarters continued into this period, with a strong and steady growth for all products. It can be noted that gaming revenues generated on our platform using mobiles devices exceeded 50 percent for the first time in this quarter.

Compared with the corresponding quarter in 2016, sales rose by 56 percent. EBITDA for the quarter amounted to EUR 19.2 million, equivalent to a margin of 45 percent and an increase of 81 percent on the corresponding quarter last year. The improvement in margin is being driven by high growth among existing customers and in existing environments, supported by a continuously improving and increasingly efficient organisation.

Land-based casinos continue to show considerable interest for our converging product Dual Play Roulette. 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," said Martin Carlesund, CEO of Evolution Gaming. 

New costumers

Among the new deals secured by the company during the second quater, Carlesund highlighted the agreement with the Netherlands' largest gaming operator Nederlandse Loterij, which runs a variety of game types and brands in the market. According to the company, this partnership is an example of Evolution's leading capabilities to deliver services in regulated markets.

Announcements

The company announced the construction of 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, pointed out Carlesund.

"Another new product is our progressive Jumbo 7 Jackpot, which is now part of Live Casino Hold’em. Evolution has contributed EUR 1 million to the initial winning amount, which is the highest starting level to date for a table game jackpot – a way for us to support our partners and increase the game's attraction among end users," explained Evolution's CEO.