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Evolution Gaming Group AB Q2-2016
EVOLUTION GAMING HAILS 2ND QUARTER PERFORMANCE
As the company celebrates its 10th Anniversary of operations.
Evolution Gaming Group AB has reported strong second quarter 2016 results that delivered a 50 percent increase in revenue during this their tenth year of operation.
Key performance highlights for the period include:
- Revenue amounting to Euro 27.1 million, up 50 percent over Q2/2015 of Euro 18.1 million.
- Profit amounted to Euro 7.6 million (Q2/12015: Euro 5.9 million).
- Earnings per share rose to Euro 0.21 (Q2/2015: Euro 0.16).
- EBITDA increased by 38 percent to Euro 10.6 million (Q2/2015: Euro 7.7 million), corresponding to a margin of 39 percent (Q2/2015: 42 percent)
- Mobile penetration amounted to 40 percent (Q2/2015: 24 percent)
“As in the first quarter, the expansion is mainly being driven by existing customers,” Jens von Bahr, chief executive officer of Evolution Gaming said. “We expect continued high demand for our services throughout the remainder of the year.”
In addition, Evolution has pushed its list change schedule to the second quarter 2017 in order to focus on the continued delivery of growth with a good margin, the statement reads. “Despite our size in terms of personnel, we are still an agile and entrepreneurial organisation, in which flexibility is important – at the moment, we believe that management must devote all of its efforts to delivering the best product.”
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Gambling News :
PokerStars.CZ has launched in the Czech Republic -
PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.
Sunbets to Sponsor Sutton United -
Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.
Time is Money Slot Launches -
Set to a catchy tune, Time is Money offers a free spins bonus where all wins are multiplied by up to x12 by a random multiplier, selected from the time traveling clock.
ArenaCube Signs 3 New Deals -
Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.
First Woman to Win a WPT Playground Championship -
Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.
NHL Odds: Oilers-Blackhawks at the United Cente -
Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.
2017 Partypoker.net WPT Playground main event Results -
Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.
IGT In Deal With Norsk Tipping -
International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.
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