Live-Dealer and Land-Based Concentrations Push Evolution Gaming to Record 2015

February 25th, 2016

SHARE

Live-Dealer and Land-Based Concentrations Push Evolution Gaming to Record 2015

Evolution Gaming recently published its year-end report for 2015, and it has revealed record results in key areas. The casino software group has generated growth by increasing its focus on the development of live dealer games, and securing land-based casino deals in order to expand its presence in a new market.

Key Developments

Q4 accounted for 30% of the entire year's revenue – a success that was aided by the launch of three new live games; Baccarat Squeeze, Caribbean Stud Poker and Dual Play Roulatte. Evolution Gaming can now offer players live dealer games in six different core varieties, including Roulette, Blackjack, Baccarat, Casino Hold’em, Three-Card Poker and Caribbean Stud Poker.

Mobile compatibility has also proved to be valuable for Evolution Gaming. The year-end report revealed to investors that mobile revenue had increased by a third from Q3 to Q4. By the end of 2015, mobile games generated 32% of all revenue, which shows that increasing numbers of players are enjoying the gaming group's content on their smartphones and tablets.

Evolution Gaming had other positive news to report from Q4, including new software deals with Casumo, Gamesys and SBTech, though it was also quick to point out that Q4’s financial success was mostly driven by existing customers such as William Hill and Genting.

Huge Financial Increases

Evolution Gaming managed to increase in revenue from €13.8 million (£10.7 million) in Q4 2014 to €22.4 million (£17.48 million) in Q4 2015, representing a sizeable rise. The group also announced a huge 82% increase in profit from €3.8 million (£2.97 million) in Q4 2014 to €6.9 million (£5.39 million) in Q4 2015.

For the entire year of 2015, Evolution Gaming reported an impressive 55% increase in revenue. And this latest achievement comes after the group managed to grow from €48.5 million in 2014 to €75.2 million in 2015.

Land-Based Casino Deals

Evolution Gaming Chief Executive Jens von Bahr explained that the rise in live casino profitability has been driven by,

“a significantly increased interest in live casino from land-based casinos [towards] the latter part of 2015 and the beginning of 2016”.

The group ran dedicated live casino studios in Latvia and Malta before establishing operations inside land-based casinos in Belgium and Spain. And, according to von Bahr, Evolution Gaming is poised for continued growth in the market:

“The land-based segment is an exciting growth area in the coming years”.

Evolution Gaming already provides services to land-based casinos such Casino Campione, Casino Dragonara and Genting, and this line-up is set to be joined by new gaming operators Aspire Global and Napoleon Games, who both signed deals with Evolution Gaming in early February.

Expansion Ahead for 2016

Evolution Gaming invested €50.1 million in operating expenses to cover 2015’s growth, and the group is committed to further expansion in 2016. In fact, von Bahr stated in his CEO notes that the group’s target is to “grow faster than the total European live casino market”.

Making deals with both online and land-based operators has opened up significant potential for Evolution Gaming, and 2016’s Q1 results will give an early indication as to how effectively the strategy is performing.

Casino News Articles


Age of the Gods Roulette Goes Live Across Playtech Casinos
Age of the Gods Roulette Goes Live Across Playtech Casinos

In the past 18 months, Age of the Gods video slot series has proven itself to be one of the most popular gambling franchises ever released by Playtech. And in a move that's set to cause another progre ... Read More

Scientific Games Acquires NYX Gaming Group for $630 Million
Scientific Games Acquires NYX Gaming Group for $630 Million

Global lottery specialist Scientific Games has made an unprecedented move to acquire the online casino game developer NYX Gaming Group for a cool US$631 million. The acquisition sees Scientific Games ... Read More

New Responsible Gambling Tool Launched at Mr Green Casino
New Responsible Gambling Tool Launched at Mr Green Casino

Swedish gaming operator Mr Green has recently launched a new responsible gaming tool, which will allow its customers to see their betting history, gambling behaviour and spending habits. The tool will ... Read More

Casumo Player Snatches Mega Fortune Dreams’ £2.7m Jackpot
Casumo Player Snatches Mega Fortune Dreams’ £2.7m Jackpot

Casumo Casino is seeing floods of gamers rush to the site after another big win on one of its progressive jackpot machines – this time, Mega Fortune Dream paid out a £2.7m Jackpot. It follows the site ... Read More

Mr Green Goes Live with Authentic Gaming’s Live Roulette
Mr Green Goes Live with Authentic Gaming’s Live Roulette

Mr Green is set to make inroads into the live gaming market after signing a roulette deal with the leading Maltese live casino technology supplier, Authentic Gaming. The agreement is predicted to enha ... Read More

Casino Room Expands Slot Selection with Yggdrasil Line-up
Casino Room Expands Slot Selection with Yggdrasil Line-up

Online gaming site Casino Room is not content with offering its players a huge catalogue featuring more than 500 titles. With the help of Scandinavian software designers Yggdrasil, it is expanding its ... Read More

Casino Navigation

Newsletter

Sign up for the free Gambling.com Newsletter to stay on top of all the best bonuses!
We will never share or misuse your personal information. Privacy Policy

Latest Casino News

CasinoGuides

Country Guide