The Swedish gaming group Evolution Gaming was able to double its turnover in the first nine months of the year. As the specialist in live casinos company in its published on Thursday interim report demonstrates [page in English], the success momentum had stopped the first half of 2021 in the third quarter.
Compared to the previous year, sales in Q3 2021 rose by 97% to a total of 276 million euros. The profit even more than doubled with an increase from 79.4 million euros in 2020 to 157.4 million euros in 2021.
So far, the entire annual balance has looked similar. In the period from January to September 2021, Evolution generated sales of EUR 768.5 million. This represents an increase of 100% compared to 2020. Profits rose from 204 million euros to 433.9 million euros in the same period of comparison. CEO Martin Carlesund is satisfied:
The third quarter of this year was again a quarter with extremely high activity within Evolution. Expanding our business at the current rate is simply hard work. And I want to start my comment by thanking everyone at Evolution for their excellent work over this period.
One of the main reasons for the strong increase is the global increase in demand for live casino products. Overall, they generated 53% more sales in Q3 than in the same period of the previous year. The online random number generator (RNG) operated by Evolution would have brought in 7.9% more sales.
The subsidiaries NetEnt and Red Tiger, which were taken over by Evolution, each recorded a sales growth of 3% in Q3. Evolution subsidiary Big Time Gaming, on the other hand, posted a 30% increase in sales.
New games deliver success
What also makes Evolution so successful is the constant work on new games. Game show-based games in particular have recently been well received by customers, which is why this category should be expanded further.
The new game Cash or Crash, in which players could use strategy and decision-making skills, was particularly successful. Players like to have a certain amount of control over the outcome of games, which is possible with this "jumping ball game".
The Asian gaming classic Fan Tan has also brought a breath of fresh air to the portfolio this year. Overall, Evolution strives to ensure that players never lack diversity.
The goal of all of our offerings is to provide excitement and entertainment to gamers with the best possible selection of world-class games. We work hard to create the most immersive and exciting gaming experiences.
Apart from the constant expansion of the game portfolio, it is also important to keep improving the external framework of the games. User interfaces should therefore be as easy to use as possible and enable customers to make seamless transitions from A to B.
Evolution wants to continue to raise its standards at all levels and thus remain the market leader in the online casino industry.
source: https://casinova.org/au/best-online-casinos/
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