The Evolution Year End Report 2017 has been published by Evolution Gaming.
Highlights of the Evolution Year End Report 2017 include:
It’s been another year of growth for Evolution. Not just in terms of the increase in profits but also with the expansion of new studios and the roll out of new games.
In summary they look like this:
New games include Texas Hold’em Bonus poker, No Commission Baccarat, Dragon Tiger, the extension of Progressive Jackpots, RNG Roulette and First Person Gaming, Lightening Roulette and Salon Prive for high rollers.
New Studios in Vancouver, Canada, and Tbilisi will future proof expansion for a few years.
Plans for this year include more product development, the opening of the studio in Tbilisi and a new studio in New Jersey, USA.
Comments from CEO Martin Carlesund:
I am happy to summarise 2017 with continued strong growth and profitability. Revenues amounted to EUR 50.7 million, corresponding to an increase of 48 percent compared with the fourth quarter of 2016. EBITDA amounted to EUR 22.6 million, with a margin of 44.6 percent.
The quarter was characterised by intense expansion at our studios, resulting in increased cost levels compared with the third quarter. The company is in the midst of an investment phase, and we expect this to continue to drive costs during the first half of 2018.
Looking at the margin, it will vary somewhat from quarter to quarter, although we have, at the same time, established a clearly higher level of profitability compared with Evolution’s historical average – for the full-year, the EBITDA margin was just above 45 percent.
In addition to the intense expansion at our existing studios, where we now have approximately 400 tables in operation, we increased our efforts further in product innovation and development in the latter part of the year. We will see the results of this in 2018, when more games than ever before will be launched.
The new games are an important element to further increase the gap to our competitors, and will be launched at different times of the year. Already in January, we rolled out the world’s first and only Live Casino version of the popular poker game Texas Hold’em Bonus and, in early February, we expanded our exclusive content rights partnership with Scientific Games.
During the year’s largest industry event, ICE, held in London a week ago, we presented additional new products that will strengthen our customers’ Live Casino offerings over the coming year.
I would especially like to highlight Lightning Roulette, a ground-breaking Roulette game that combines Live Casino with an RNG element. In addition to all the classic Roulette features, players will have new possibilities to win through random-generated lucky numbers offering high pay-outs. The game environment is reminiscent of an entertainment show with advanced sound and lighting effects; a concept that adds a new dimension of excitement to the traditional table game and which we have already successfully established through our Dream Catcher product.
We also believe that our extensive expertise in table games can be used in a purer RNG environment, which is why we are taking a first step in that direction through the launch of a brand-new game category – First Person Gaming. The products offer players an interactive first-person experience of the most popular table games, and also include a “Go Live” button that quickly takes the player to our Live Lobby and the complete range of Live Casino games. This set-up gives the operators excellent cross-selling opportunities.
For our operators’ super VIP players, we are launching a brand new, exclusive Salon Privé, with high limits and private tables for individual players. Only selected individuals are given access to the environment, where they can expect personal service and opportunities to control the game round themselves.
Finally, we are strengthening our Baccarat portfolio with two new variants, No Commission Baccarat and Dragon Tiger. Baccarat is gaining popularity and, with these additions, we will attract both experienced and new players.
In addition to product development, we are continuing to invest for the future in the form of new studios. In early February, we went live with our new studio in Canada, while the construction of the studio in Georgia is continuing, with a planned launch in the second quarter.
Looking back on 2017, it is easy to say that it was an exceptional year in many ways. But that does not give us reason to take anything for granted – on the contrary, we must continue to work hard every day to maintain our position in the market. On the whole, with new studios and exciting product launches on the cards, we see good prospects to continue strengthening our business in 2018, with a clear focus on profitable growth.
You can access the full year end report here.
I have tried to be objective and consistent with all my live casino reviews. Hopefully, they will strike a chord with you, but I thought it might be helpful to explain the criteria I use to mark each of the casinos. Hopefully, the categories and explanations make sense.
Playability – What is the overall impression of the casino? Did I have a good time? are the dealers nice and chatty and is everything easy to understand? Does it have a good set of games and is there a comprehensive set of betting options? Are high stakes players taken care of?
Software – What is the software like to use and does it integrate well with the rest of the casino?. Are the images clear and is the video streaming fast? Have they taken more than the default shared tables? Is it available on mobile?
Payment Options – Does the casino have a good variety of payment options? Do they payout quickly and on time?
Security – How good is the reputation of the casino amongst other players? Do they hold a valid gaming license? Are they transparent about the security measures they have in place? Are they regularly audited? Do they publish this information?
Support – Do they have multiple methods for communication with me? Is support available 24×7? Do they have instant chat and are they quick to respond? Are they able to help me immediately? Do they have an online FAQ and self-help library? Are the support people knowledgeable about the product I’m playing?
Bonuses – Do they have bonuses?. How strict are the wagering requirements? Do they offer repeat bonuses?. Do they offer loyalty points and can they be redeemed for cash or playing credits?
After all that, would I play there regularly?