Evolution Gaming has published their 6 monthly interim report for 2019.
Operating revenues increased by 49% to EUR 165.0 million, with profits for the period EUR 63.1 million.
The first 6 months of the year has seen Evolution release a number of new games, including a range of Game Show style games like Monopoly Live and Deal or No Deal.
CEO Martin Carlesund was eager to point out that while player numbers have increased, most revenues still come from their core live games.
The extended portfolio also contributes to the revenue growth, but it is important to note that most of our revenues continue to derive from our core games and that the new games are still in an early stage post-launch.
Commenting on the general live casino market, Carlesund observed:
The positive market development continues. The Nordics are growing, however at a somewhat slower pace as the Swedish market now is normalising following the intense start to the year as a result of the new gaming legislation. The UK continues to stabilise and is growing compared to the corresponding quarter last year. Both the Rest of Europe and Rest of World also exhibit favourable growth.
During the rest of the year we’ll see Evolution continue it’s growth strategy, with expansion of the studios in Georgia, New Jersey and Malta being required. A new studio is being planned for Pennsylvania.
Carlesund ended his comments praising the staff for their contribution so far this year:
During the first half of the year, we have laid the foundation for Evolution’s continued leadership in Live Casino. A proof of this was when we received the award as Live Casino Supplier of the Year for the tenth consecutive year at the EGR B2B Awards in June. The award goes straight to all our employees. I am immensely proud of everyone’s achievements so far this year, and the innovation power they possess creates confidence for the future.