Evolution Gaming increases revenue by 47%
Evolution Gaming, the top rated live casino software provider in the world, recently announced that its revenue has jumped nearly 50%, compared to the same time period last year. The news came out after Evolution Gaming released its Q3 financial details, for the period that ended on 30 September 2016.
The firm managed to generate £26.2 million Pounds, an increase of 47% when compared to the same period in 2015. If we look at the first nine months of 2016 we can see that Evolution Gaming managed to generate £48.1 million pounds. This is an increase of 52% compared to the first nine months of 2016.
Evolution Gaming Grows Profits
Evolution Gaming didn’t stop there, though, as the firm was also able to increase its operating profits by a significant margin. The operating profits of Evolution Gaming increased by 30% and now stand at £7.3 million.
The company was also able to improve its adjusted profit for Q3 2016, which grew by 28% and now stands at £6.6 million. The adjusted profit margin dropped a little, from 29.2% in 2015 to 25.5% in 2016.
How Evolution Gaming did it
Evolution Gaming managed to achieve these impressive levels of growth by continuing its large expansion plans. The firm has focused on several different regulated markets, which has helped to expand its influence in a short space of time. It was also the first supplier to qualify for a live casino license in Romania. After partnering with iSoftBet, it was able to launch the first live casino at the Grand Casino in Bucharest.
In addition to this, the company has also listed its launch of Dual Play Roulette as another important part of its performance. The game was introduced to the London-based Hippodrome Casino, as well as the Ritz Club. Evolution Gaming has indicated that it would like to expand its presence at land-based casinos and this was definitely a step in the right direction.
Overall, the company needs to be congratulated for its amazing performance in Q3 2016, and we look forward to seeing what it can achieve in the remaining months of this year, and what 2017 has in store for Evolution Gaming.