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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.”



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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