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


Evolution to Launch Biggest Live Casino Progressive Jackpot
Evolution to Launch Biggest Live Casino Progressive Jackpot

In the ever-competitive world of online casino gaming, we all know that size matters. To help distinguish themselves from the competition, casino brands are hiking up their jackpot prizes so it's no s ... Read More

Player Wins £1.36m Progressive Jackpot on 25p Mobile Spin
Player Wins £1.36m Progressive Jackpot on 25p Mobile Spin

One triumphant player spinning from her mobile device managed to win £1.36 million from a single bet on Playtech’s popular Gladiator slot. The player won a grand total of £1,365,870 after making an in ... Read More

Yggdrasil Earns Slot Provider Honors at EGR B2B Awards 2017
Yggdrasil Earns Slot Provider Honors at EGR B2B Awards 2017

Swedish games developer Yggdrasil has come up trumps, taking the honours in the 'Slot Provider of the Year' category at the 2017 EGR B2B Awards. The achievement is doubly satisfying as Yggdrasil won i ... Read More

Unibet Big Dubai Summer Casino Series Offers €50,000 Prize
Unibet Big Dubai Summer Casino Series Offers €50,000 Prize

Looking to prove yourself on the blackjack tables? Maybe hone your live-dealer roulette skills? Well Unibet Live Casino has you covered with the Big Dubai Summer Casino Series, a €50,000 online casino ... Read More

Life-Changing Mobile Progressive Jackpot Wins on the Rise
Life-Changing Mobile Progressive Jackpot Wins on the Rise

Mobile casino sites, dedicated casino applications and even mobile-first casinos are taking the web by storm in 2017 as mobile devices engulf an even larger portion of our attention. This growth in mo ... Read More

Mobile-First Online Casinos Take iGaming Center Stage in UK
Mobile-First Online Casinos Take iGaming Center Stage in UK

Mobile technology is affecting every industry these days, especially iGaming in the UK. First, online casinos developed mobile-friendly sites, then came dedicated mobile applications. Now, we have "mo ... 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