iGaming News

Evolution Gaming Release Interim Trading Report

Latvian based Evolution Gaming who are in the forefront of the Live Casino market have just released their trading update for the year, which at first glance shows solid continued growth on the previous year’s figures.

Key statistics that stand out who that the company’s operating revenues increased by 45% to EUR 85.7 million (59.3), of which profit for the period amounted to EUR 34.5 million (20.1). Thus showing that the first half of 2019 has proven to be solid for the company.

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Commenting on the figures released, Evolution Gaming’s Chief Executive Officer, Martin Carlesund, said: “Evolution’s strong development continues, and we can report continued high growth and further improved margin in the second quarter. 2019 is a year of product and innovation, and during the period, we have launched all this year’s new games.”

“The response has been instant, and we are overwhelmed by the positive reception among both players and operators. Our aim in the development has been to create games that attract new player types and to expand the Live vertical into new segments, and so far, we are very happy with the outcome.”

“Going forward, we will continue to invest in the development of both additional game shows and other innovative product types, as well as table games to meet the overall demand for Live. We also continue to invest in our studios.”

“During the quarter, we have transferred the first tables to the new Malta studio, while also expanding the studio in Georgia. In addition, we have initiated a doubling of the capacity in New Jersey. We will also strengthen our presence in the US further and have started the planning for the construction of a studio in Pennsylvania.”

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Simon Wright

Simon has been working within the iGaming Industry for some 20 years now. Whereby he has built up a wealth of knowledge in this area during this time. As well as being a main contributor for Casino Gazette, Simon also writes and reports for Casinomeister.com.

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