Evolution Gaming Doubles its Profits in the Final Quarter of 2015, As Strategic Agreements and New Product Launches Help Secure Success
With the demand for live dealer casinos rising, Evolution Gaming doubled its profits in the final quarter of 2015’s gaming year on end. The live dealer casino provider released its final results this week showing just in Q4 alone an increase of 62% for its revenues to EUR 22.4 million (13.8). They reportedly said that most of the gains are from obtaining new relationships and expanding its personal relationships with their existing customers.
Last year, Evolution earned £75.2 million which is a 55% increase for revenues while operating profits earned itself a nice increase percentage of 82%. It looks like mobile played a big part of the growth. Mobile revenues were up in Q4 from Q3 making it the key driver for about 33% for operators live dealer revenue earnings.
Evolution made several key factors to help make for a successful year including launch of Dual Play Roulette, Caribbean Stud Poker and Baccarat Squeeze. They signed strategic agreements with Casumo, Gamesys and SBTech and acquired the new Riga Studio property.
Evolution said they expect nothing but great things this year and in the future. They expect to be creating new relationships with more land-based operators and expanding its presence online. So far this year they have made new agreements with Scientific Games for a multi-year deal for Texas Hold’em. They have also hired a few senior executives for the company and have applied for a listing on the Nasdaq Stockholm Exchange.