Evolution Gaming releases second-quarter reports
Leading live casino software supplier Evolution Gaming reported revenues of €85.7m for the second quarter of 2019, resulting in a 45% increase compared to the same period of the previous year.
According to the press release, the company said that an expansion of their Live vertical beyond tabletop games is what helped drive the growth, while the increase in revenue “mainly derives from increased commission income from both new and existing customers.”
New launches well received
Martin Carlesund, the chief executive, said the successful quarter was due mostly to the launch of new games, including game show titles such as Monopoly Live and Deal or No Deal.
“2019 is a year of product and innovation and during the period we have launched all this year’s new games,” he said. “The response has been instant, and we are overwhelmed by the positive reception among both players and operators.”
Revolutionizing live dealer platform
The company has been focusing to create games that attract new player types, but also to expand the Live vertical into new segments and judging by the continued growth, the hard work has paid off.
“To a large extent, growth is also driven by Live Casino having grown in importance for most gaming operators, who consequently elect to expose and market their Live offerings to customers more extensively than before,” the company said.
During the rest of the year, Evolution will continue its growth strategy with the expansion of the studios in Georgia, New Jersey and Malta, with a new studio being constructed in Pennsylvania.
Their steady growth in revenue year after year, their plans for strengthening and expanding their presence on the market, and their success in revolutionizing the live dealer platform set them apart as the dominating force in the industry.