Prosperous provider of live dealer content, Evolution Gaming, continues its proliferation into the worldwide markets. The software company has reported a considerable increase in profits for 2019, making an 80% rise compared to the year before. The developer is committed to extending its presence on U.S. and Asian soil.

More on the Results

Evolution’s office based in Sweden has released a report for the last three months of 2019. According to the figures, the company’s overall revenue climbed 51% to €106m and earnings marked 77% rise to €55.8m. Following the increase of margins, the operator's profit in Q4 2019 jumped 83% to €46.8m. The brand also saw tremendous results on the year-to-year level. It recorded a 39% increase to €365.7m, with total earnings climbing 70% to €182.9m and profit reaching 79% to €149.7m.

Impressions from the Company

Evolution’s CEO, Martin Carlesund, is delighted about the results. Commenting on the performance, he said:

“I am very satisfied by the Q4 figures, while 2019 had proven an outstanding year from both a financial and operational perspective.”

The end of 2019 saw the developer having 700 live tables in 10 studios, plus a renovated New Jersey facility. New openings come with more job opportunities with the number of full-time employees reaching an average point of 5,419 during Q4. It comes as a 35% annual increase with additional growth of operational costs up to €57.3m...

American Results and Expected Expansion

Evolution Gaming is already active on North American ground. The developer's performance in the US was modest, with only €6.6m in Q4 in generated revenues. However, this amount is a twice better result compared to the same timeframe the year before. Asian gaming operation recorded more optimistic results with the tripled amount in revenues up to €17.7m.

The supplier is also present in the competitive markets outside of the United Kingdom and the Nordic region. In these territories, the provider marked a growth of 45% to €53.3m. Nordic region revenues, on the other hand, increased 24.4% to €6.1m in the same period. Finally, UK related performance increased only 4.3% to €12m. As a reminder, both UK and Swedish markets are under harsh restrictions which additionally limited the operator's progress.

Better days are coming for the provider. It completed the final quarter by reaching perspective deals with Flutter Entertainment, Penn National Gaming, and Parx Casino. It is also working on the construction of a studio in Pennsylvania to supply customers with a more diverse offer. The supplier is also targeting another studio for Michigan which will open additional opportunities for the legalized market...

The supplier has just unveiled its new titles at the ICE London expo Game Show. As part of the new product line, the operator will deliver 12 new games involving craps dice chance designated for the US market...

Source: “Year-End Report 2019“. Evolution Gaming, February 12, 2020.