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Evolution Gaming inks live dealer deal with Cherry, expands Tempobet offering

TAGs: cherry ab, Evolution Gaming, Live dealer, tempobet

Evolution Gaming inks live dealer deal with Cherry, expands Tempobet offeringLive dealer online casino specialists Evolution Gaming have added Scandinavian online betting operator Cherry AB as a client.

On Friday, Evolution announced that Cherry’s brands – which include Cherrycasino.com, Sunmaker.com, EuroLotto.com and others – will have access to the full range of live casino products from Evolution’s Latvia studio. Cherry will also partake of localized native-speaking options streamed from Evolution’s Malta studio.

In other Evolution news, the company has launched an extended live casino offering with Turkish-facing betting operator Tempobet. The new Tempobet-branded studio will feature 12 blackjack tables as well as Evolution’s Immersive Lite Roulette product, which features five HD cameras that allow roulette obsessives to follow the bouncing ball with stalker-like precision.

Evolution, which celebrated its tenth anniversary this summer, is set to release its Q3 financial figures on October 25. Evolution’s Q2 report showed revenue rising 50% to €27.1m, while earnings rose 38% to €10.6m and profit came in at a handsome €7.6m.

Evolution CEO Jens von Bahr noted that Q2’s 39% earnings margin was lower than the previous quarter but chalked this up to the costs associated with the company’s “exceptional growth in new tables and environments” and the fact that each new table “has a negative margin in the short term.”

Evolution’s been so busy that von Bahr said the company’s board of directors had decided to postpone their application for a switch to the main Nasdaq Stockholm exchange until Q2 2017. Von Bahr said the decision was taken to allow management to “devote all its efforts to delivering the best product.”

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