Evolution Gaming is a leading name n the Live Casino Gaming Industry for many reasons. In fact, several gambling analysts credit them for revolutionizing the online casino industry. Therefore, it is not a surprise for investors that Evolution Gaming Reports a 105% Increase in Gaming Revenue for Q1.
According to their latest press release, Evolution Gaming saw a massive increase in revenue. This is because they went from €115.1 million in the Q1 of 2020 to €235.8 million in revenue now. The company expects to see more revenue growth in the future as they continue to expand their holdings.
Evolution Gaming Reports a 105% Increase in Gaming Revenue for Q1
The main reason for the increase in Gaming Revenue for Q1 is because of several acquisition to their gaming portfolio. Particularly, their recent acquisition of NetEnt and Red Tiger Gaming in combination with an overall high demand for the online gambling.
According to the best online casinos in Korea, their group’s EBITDA also got a 67.9% increase to €160 million. Furthermore, their overall profits went up by 144% to €132 million.
For gambling investors, Evolution gaming continues to be a profitable investment. This is because they continue to partner with some of the biggest brands in the casino industry like Betsson, Unibet and VOBET. Furthermore, more and more online iGaming Platform are adding Evolution Gaming products to their list of available casino options.
According to their CEO, Martin Carlesund, he expects to expand their operation even more in the next quarter. While there are known for their live dealer casino, they plan to expand their other casino games portfolio. This is because they intend to acquire Big Time Gaming, a company that is mostly known for their online slot machine development.
Now that the integration of NetEnt is over, Evolution Gaming wants to further develop their studios and operational capability. This is because they foresee a larger demand for online casino products this year,
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