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Evolution Financial Reports Show 2020 Q1 to Q3 Profits of €204 Million (image source: https://images.unsplash.com/) Evolution released its current public financial reports showing remarkable €79.3 Million Q3 2020 profits and €204 million profits from January to September 2020. The current standing of the firm best known for its excellent live casino platform gives investors and live casino gamers a good look into the success of the world’s most revered live casino game developer. Interim public financial figures released by the NASDAQ Stockholm floated iGaming company show that Evolution is still very much a fast-growing organisation. Plus, there is still plenty more to come as the firm continues its growth strategy. With new games consistently being released, excellence awards, and partnerships in the US which will see the firm expand into Pennsylvania and possibly Nevada, no one can deny that Evolution is looking like an attractive investment opportunity. Evolution is also still amid a takeover bid that will see the firm take control of NetEnt which is also listed on the NASDAQ Stockholm stock exchange. Adding NetEnt’s games catalogue and brand will give Evolution a complete iGaming model with more live table games and the takeover will also fill in the one gap Evolution has in its iGaming arsenal–a vast collection of high-quality online video slots. Here are the latest figures released for Q3: If you were looking for an investment opportunity on the NASDAQ, then Evolution is a good contender and the figures below speak or themselves. Q3 2020 Financial Figures €79.4 million Q3 2020 Profits 48% increase in Operating Revenues to €140 million 87% EBITDA increase €90.7 million (consistent with a 64.8% margin) €0.44 earnings per share for investors January—September Financial Figures (Q1, Q2, and Q3 Combined) €204 million profit from Q1 to Q3 2020 48% increase in Operating Revenues to €383.5 million 86% EBITDA increase €235.9 million (consistent with a 61.5% margin) €1.12 earnings per share for investors See the full report and stats here… New Games Contribute to Evolutions 2020 Success New games are one reason Evolution is seeing so much success. Its Crazy Time game up for an EGT Game of the Year award this 2020, is a resounding success. It is Evolution’s most successful game, meaning it beats all table games for revenue. Instant Roulette is a success while Evolution will soon release its first-ever Live Craps table! Live Casino Revenue in Germany Reduced because of New Regulations With new regulations set to take place in Germany, the temporary closure of live casino games so online casinos can rebrand and restructure according to new regulations will affect Evolution profits. 4 German players make up for anything between 5% and 10% of Evolution’s player base. However, the loss in revenue is minor in terms of percentages and once the German market becomes fully regulated, Evolution will be one of the major live casino platforms legally operating in the country. For Evolution, new regulations bring more positives than negatives, and once the licensing is in place, it will bring profits back in line. North American Expansion & Focus Further expansion into the US market is proving successful. Evolution just agreed on a deal with William Hill casino in New Jersey in what is a US-wide partnership, which means Evolution has its eyes on Nevada. Meanwhile, operations in New Jersey continue to run smoothly and the brand will spread its wings even further in the state thanks to the William Hill deal. The biggest point to highlight in the US is the recent move into the Pennsylvania market. New licensing in the region allowed Evolution to strike a deal to begin operations. As a result, Evolution now has a live dealer studio operating in the state, which will surely see a flurry of new online casino players hit Evolution live tables. Global Demand for Live Games There is continuous global demand for Evolution live casino games. The firm already has live dealer studios dotted across Europe, and now the US. New studios and the expansion of existing ones are continuously part of Evolution’s operations. With new licensing, new games, and new areas to operate its live dealer studios always on the agenda, Evolution is not only one of the most financially sound live dealer gaming platforms, but it is also one that is well worth investing in if you are looking for a place to put your surplus cash and watch it grow.

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Evolution Reports €204 Million Profits for 2020

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