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Evolution Gaming’s Q3 profit up two-thirds on stellar mobile performance

TAGs: Cambodia, entwinetech, Evolution Gaming, Live dealer, start live casino

evolution-gaming-profitsLive dealer casino specialists Evolution Gaming’s plans for world domination continued uninterrupted during the third quarter of 2015 as revenue, earnings and profits were all up sharply.

In the three months ending Sept. 30, Evolution’s revenue rose 57% to €19.5m, while adjusted earnings were up 60% to €7.8m and profit increased by two-thirds to €5.8m.

Evolution CEO Jens von Bahr credited mobile gaming with being the “main driving force” of the company’s strong performance. Mobile went from 12% of Evolution licensees’ Q3 2014 gaming revenue to 28% this year – a 260% improvement.

Von Bahr said Evolution’s growth was derived primarily from existing customers, but the company went on a client-signing binge during Q3, adding Genting, Adjarabet and Marathonbet. Evolution also entered into a strategic alliance with platform provider Microgaming, becoming the preferred Live Casino provider for Microgaming’s European customers, including Betway, which is just getting ready to launch.

Since the quarter ended, Evolution signed up clients including Gamesys, Casumo and software provider BetConstruct. Evolution also launched a dedicated environment for PokerStars’ Italian-facing site this month. For the year to date, Evolution’s revenue is up 52% to €52.8m and earnings are up 79% to €21.7m. Von Bahr noted that 2015 has been “a very successful year for Evolution and for the live casino market in general.”

DON’T FORGET US
Other firms are looking to emulate Evolution’s success. Live dealer platform EntwineTech has announced a strategic partnership with Philippines-based mobile solution company Angelnlive. Through a licensing deal, Angelnlive will make EntwineTech’s new n2-Live casino platform available for use on the widest range of portable platforms. EntwineTech soft-launched the new n2-Live brand and software in September.

Still in Asia, Cambodian casino operator Start Live Casino (SLC) has begun streaming live casino action from its land-based gaming halls. SLC has developed its own software for beaming baccarat, roulette, sic-bo, dragon-tiger and soc dia games from its Lucky89 Casino and the Lucky Ruby Casino in Svay Rieng province. SLC is primarily focused on the Asian market but has ambitions to expand beyond Asia should the opportunity arise.

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