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Evolution Strikes Live Casino and Slots Deal With Codere Online

Posted on December 29, 2022 | 11:13 am

Evolution, the world’s largest supplier of live casino software and content both for online and land-based casinos, has announced that its global footprint will grow following a new content distribution agreement with Codere Online.

The deal will see both slot games and live casino titles from Evolution get included into the offering of Codere Online’s website in Panama. The two companies had already worked together in other markets in Latin America such as Argentina, Colombia and Mexico, along with the European market.

The deal with Codere Online for Panama includes all the successful live casino titles developed by Evolution, along with slot games created by Evolution Group brands NetEnt and Red Tiger.

All casino games in Panama have to be certified by the country’s Gaming Control Board and several of Evolution’s titles have already received this seal of approval. More and more titles are expected to be approved in the coming months.

Speaking about the agreement, Mónica Umaña, Head of Operations for Latin America at Evolution, explained that this region is very important for Evolution Group and that the deal represents “another major expansion” of the company’s presence in the region.

Salo Leder, Regional Manager for Codere Online in Latin America, replied: “We are very excited to bring players in Panama the best experience in online casino and slot games, whether that be live games that replicate the excitement of a visit to a land-based casino or innovative online slots with engaging themes and stunning graphics and gameplay.”

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Evolution Revenue On The Rise

In the third quarter of 2022, Evolution generated revenue of 387.5 million euros, a figure which represents an increase of 37.1 percent over the same period of last year. The growth was in part due to the company’s acquisition of Nolimit City, which was completed in August 2022.

Moreover, during this quarter Evolution also opened a new live casino studio in Connecticut. However, most of the company’s revenue came from Asia, a total of 127.8 million euros. The second most productive region was Europe (without Western Europe and the Nordic countries) with 115.3 million euros, while North America brought in 50.1 million euros.

Live casino games generated most of the company’s revenue, 310.4 million euros, a figure which represents an increase of 44.7 percent compared to the third quarter of 2021.


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