Evolution Gaming’s US Expansion Pays Off

Lillie Mcguire
Posted on April 03, 2019 at 2:04am

Evolution Gaming Image

Live casino gaming giant Evolution Gaming has published its yearly report for 2018, unveiling total operating revenues of $275.6 million for the year ended on December 31, 2018. This significant rise in revenue can be attributed primarily to an increased commission income from both existing and new customers, according to the firm.

Revenues from Evolution’s dedicated tables and gaming environments reportedly also contributed to the upswing in earnings as a result of additional customers launching or extending their personalized live casino environments. The operator’s profits for the year came to an impressive sum of $93.8 million.

Operating Profits, Revenues Rise

In the latest financial report, founder and CEO Jens von Bahr noted that the year was characterized by a rapid expansion pace, particularly around the launches of three brand new live dealer studios. He says that a milestone had already been reached in January when Evolution’s first overseas studio in Vancouver, Canada was unveiled to the world.

According to von Bahr, the Canadian gaming market is regulated and divided in province-based Crown corporation operators that offer their services without being in competition with one another. This, he says, allowed his company to create a scalable studio with generic tables that serve multiple local provinces, as well as specialized tables for operators who desired them.

Currently, Evolution is the only live casino supplier firmly established in the Canadian market. The CEO revealed that his company supplies its services to three provinces in total; Quebec, Manitoba, and British Columbia.

Poised to Take Advantage

Von Bahr also spoke recently about strengthening his company’s presence in North America through the opening of its Atlantic City, New Jersey studio. According to him, US market entry has been a long-term project for Evolution that started several years ago, and only now did the firm assess that the time to strike was right.

The CEO says that the response among New Jersey-licensed operators and local players has been overwhelmingly positive, leading to Evolution’s market offerings outperforming his expectations. The firm is now expecting more US states to legalize iGaming in the coming years, and it is well positioned to take advantage of the opportunities that will be created by this trend.

Lastly, von Bahr confirmed to his firm’s investors that Evolution has inked deals with numerous New Jersey-licensed operators in connection with the newly opened studio during 2018. These include Hard Rock Hotel & Casino Atlantic City, Ocean Resort Casino, 888casino, and PokerStars Casino New Jersey.


More News

1st WowPot Mega Progressive Slots Jackpot Won

Lillie Mcguire
Posted on April 21, 2021 at 1:04am
1st WowPot Mega Progressive Slots Jackpot Won

An enormously lucky player from the UK on April 14 landed the very first WowPot Mega jackpot in Microgaming’s new WowPot series of progressive s

Single-Game Sports Betting Canada Hopes Realised

Lillie Mcguire
Posted on April 19, 2021 at 1:04am
Single-Game Sports Betting Canada Hopes Realised

Single-game sports betting in Canada is becoming a reality. Online sports betting Canada is seeing its hope for single-game betting approaching realis

Pragmatic Play Boosts Live Dealer Casino Reach

Lillie Mcguire
Posted on April 19, 2021 at 1:04am
Pragmatic Play Boosts Live Dealer Casino Reach

Pragmatic Play, the leading iGaming content provider, has made its complete collection of live dealer casino products available for play on GGPoker. T

New Laws To Change Online Gambling In Canada

Lillie Mcguire
Posted on April 16, 2021 at 3:04am
New Laws To Change Online Gambling In Canada

The question ‘is online gambling legal in Canada’ has been asked on numerous occasions, by locals, and the world at large. It is such a co

Benefits Of Playing At The Best Online Casinos

Lillie Mcguire
Posted on April 16, 2021 at 3:04am
Benefits Of Playing At The Best Online Casinos

It seems as if new online casinos are appearing on an almost daily basis, which is certainly good news for gamblers. But what exactly are the benefits

LeoVegas To Boost Sports Betting Site With Expekt

Lillie Mcguire
Posted on April 15, 2021 at 3:04am
LeoVegas To Boost Sports Betting Site With Expekt

LeoVegas AB has announced further expansion plans as the company strengthens its vision of becoming a leading sports betting site. It has agreed to ac

Microgaming Ink GONG Casino Games Online Deal

Lillie Mcguire
Posted on April 15, 2021 at 2:04am
Microgaming Ink GONG Casino Games Online Deal

Microgaming, the leading casino games online software developer, has reinforced its position as the industry’s leading content aggregator. The l

Canada GP’s Ghost Race In Need Of More Money

Lillie Mcguire
Posted on April 13, 2021 at 11:04am
Canada GP’s Ghost Race In Need Of More Money

The fate of the 2021 Canadian GP hangs in the balance after it was reported that the prospect of a spectator-free ‘ghost race’ for the Mon

Evolution To Acquire Big Time Gaming

Lillie Mcguire
Posted on April 13, 2021 at 11:04am
Evolution To Acquire Big Time Gaming

One of the world’s biggest iGaming giants, Evolution, is set to add yet another significant firm to its collection. The company has entered an a

Sports Betting Regulation Set To Serve Canadians

Lillie Mcguire
Posted on April 12, 2021 at 12:04pm
Sports Betting Regulation Set To Serve Canadians

Now that the passing of the bill set to legalise singe-event sports betting in Canada appears imminent, local gaming bodies and operators are excited