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Evolution Gamings impressive Half Year results

Evolution Gaming has released its results for the first half of 2017.

Profits are up by EUR 14.6 million to EUR 27.4 million.

Growth has continued for a number of reasons.

Mobile Traffic grows

52 percent of the operators’ gaming revenues via the Evolution platform were generated by mobile devices.

Key Areas of Growth for the next periods

New Studio to support growth

After a long search of 10 different locations and following confirmation from the Georgian authorities Evolution announced the location of their next new studio as Tbilisi in Georgia.

It’s expected that the studio will support the planned growth for the next 2 -3 years.

No date has been announced when the project will begin, but it’s estimated that during Quarter 3 we will see the project commence.

The new Studio in Canada is due to be ready by the end of 2017 start of 2018.  

Land Based Growth

Evolution is seeing a lot more interest from land based operators gaining an online presence and see this trend continuing.

Market Regulation 

Regulatory developments in the Dutch and Swedish markets will be watched closely.

Progressive Jackpots

While no timescales were given there is a plan to use Progressive Jackpots on more products.

Summary

Having read the Interim Report and listened to the Presentation by CEO Martin Carlesund and CFO Jacob Kaplan, it’s clear that Evolution is focused on driving forward and expanding the gap between themselves and their competitors.

The investments in two new modern studios will give them the capacity for growth as will the continued investment in new games and technologies.

The first half results are encouraging and show growth is continuing as planned.

I can confirm from my recent visit to the studios in Riga that Evolution is doing what its says.

They are investing, upgrading and expanding.

My news and reviews about live casinos is getting busier and busier so be sure to bookmark the page to keep up to date with what’s going on.

 

About Neil’s Casino Comparer Reviews

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?

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