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Evolution Gaming Q4-2015
Wednesday Februsry 17,2016 : STRONG FINAL QUARTER LIFTS EVOLUTION GAMING GROWTH TO NEW HEIGHTS
Live dealer technology provider almost doubles profits in Q4-2015.
The last quarter of 2015 put the final polish on an already glittering full year 2015 for live dealer provider Evolution Gaming, which announced this week that Q4-2015 revenue rose 62 percent year-on-year to Euro 22.4 million, generating profit up a remarkable 81 percent at Euro 7.5 million.
In a successful year where the company has expanded both its client list and existing business, Evolution posted full year 2015 revenues of Euro 75.2 million - a y-o-y rise of 55 percent that gave the company profits up 82 percent to Euro 25.1 million on margins up at 33 percent.
Importantly, mobile boomed with contribution to revenue rising to 32 percent.
The profits came despite increased investment in operating expenses due to a growing pay-roll (up by 644 people since the end of 2014) and facilities expansion.
Recent top management hires included CTO David Craelius and former Netent HR specialist Maria Furenmo to head up the people side.
CEO Jens Bahr says the company has plans to list on the Nasdaq Stockholm Exchange this year.
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Opap in memorandum of understanding With Inspired -
Virtual sports provider Inspired has entered into a memorandum of understanding (MOU) with Greek betting and lottery operator OPAP for the supply of its full suite of virtual sports, for integration online and across OPAP's retail network.
DeltaCorp To Acquire ace2three -
Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month
More Australian POC Taxes -
In an interview with The Australian, Tabcorp chief executive offer David Attenborough warned “global rivals” of his belief that other Australian states are moving fast to follow South Australia’s lead in implementing a point of consumption tax.
William Hill Exits Russia -
"Starting from September 23 William Hill Casino Club will terminate its activities in the Russian territory for legislatory reasons. All active customer accounts will be suspended," the advisory reportedly detailed.
Pennsylvania Online Gambling Hearing Postponed till October -
HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.
Two Mega Fortune Dreams Jackpots Hit -
Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.
ASA Looking at Ladbrokes and Netbet ads -
A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.
Betconstruct In Deal With Realistic Games -
BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.
XLMedia Half 1 2016 Earnings Report -
Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.
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