Evolution Gaming’s Record Breaking Q3
Evolution Gaming is one of the leading providers of live dealer games in the online casino market. In 2017, the company has seen a massive boost in revenue, with Quarter 3 figures up by 54% year on year. Thanks to the increasing popularity of live dealer games, and changes in the casino industry, Evolution Gaming are sitting pretty and have plenty of reasons to celebrate. To put it all in perspective, Evolution Gaming generated €29.2 million in operating revenue in Q3 of 2016. This year, the number stands €45.7 million with EBITDA at 103%. These incredible figures indicate the increased appeal of live dealer games among online players. In 2017, the year to date revenues have hit the €127.7 million mark, a massive 57% increase, year on year. The company has cited extremely favourable market conditions for their boost in revenue. Among other reasons, the liberalisation of regulated gambling across the US, Europe and Canada has contributed to the growth. Evolution Gaming is also showing increased activity in the land-based casino sector as well as improved coverage on a global scale. For 2018, the company plans to expand their presence with the upcoming FIFA World Cup. According to the latest figures released by Evolution Gaming, the number of end-user bets increased by 85%. This scale of growth is unheard of in the online casino industry.
Growth of the Live Dealer Sector
What all this does is set a new precedent for the year to come, and if things continue as they are, we are just seeing the start of the upward trend. There is no doubt that online live dealer casino games are popular. The live dealer aspect eliminates the need for Random Number Generators, the main cause of trust issues at electronic casinos. With games streamed live from a secure casino location, players get a realistic casino experience with 100% real gaming results. Players can also choose to play multiple variations of their favourite card and table games. While additional fees are being levied at live tables in Latvia, the industry is still booming with Evolution Gaming expanding in to British Columbia. By the end of the year, the company is planning to have 400 tables in play, making it Europe’s largest live dealer gaming operator. As mobile technology continues to improve and the internet connectively allows for faster connections, we can expect to see more and more players opting for live dealer games over the conventional electronic format.
Source link: http://www.gamingintelligence.com/finance/44913-evolution-gaming-posts-revenue-and-profit-growth-in-q3
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