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Evolution Gaming Earnings Report
Wednesday April 27,2016 : EVOLUTION GAMING DELIVERS
Live casino has what it takes to continue growing at a high pace in the coming years, says live dealer chief.
Evolution Gaming delivered robust results in its latest financial report, saying the company is confident that the momentum will continue.
- Key performance indicators for the three month period ending March 31, 2016 include:
- Revenues increased by 59 percent to Euro 24.8 million (Q1/2016 Euro 15.6 million)
- Profit for the period amounted to Euro 7.6 million (Q1/2015: Euro 1.4 million)
- Earnings per share amounted to Euro 0.21 (Q1/2015: Euro 0.04)
- Adjusted EBITDA increased by 67 percent to Euro 10.3 million (Q1/2015: Euro 6.2 million), with a margin of 42 percent (Q1/2015: 39 percent)
- Mobile penetration amounted to 34 percent (Q1/2015: 20 percent)
“On the whole, I view the continued development of both the market and Evolution with the same confidence as previously,” chief executive officer of Evolution Gaming, Jens von Bahr said.
“Although Live Casino remains a small part of the total online gaming market, with its social interaction and customisable content, it has what it takes to continuing growing at a high pace over the coming years.”
In related news, Evolution Gaming’s chief operating officer Svante Liljevall will step down from the position he has held for the past eight years.
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Gambling News :
Update on Anti Online Gambling bill S.3376 -
More detail is emerging on Senate bill S.3376 and its author, Senator Tom Cotton, indicating that Cotton has in the past (2015) signed as a sponsor for Sheldon Adelsons Restoration of Americas Wire Act and opposes the legalisation of online gambling in the United States.
Anti Gambling bill S. 3376 -
#s3376 Industry observers were taken by surprise late Friday when a little-known Republican Senator from Arkansas, Tom Cotton, filed the beginnings of a new bill in the US Senate Committee on the Judiciary in what appears to be a move to toughen the US legal stance on the Unlawful Internet Gaming Enforcement Act of 2006 and possibly the 1961 Wire Act.
2016 WPT Borgata Main Event Results -
@MrJesseJames888 Four years ago the poker world watched as Jesse Sylvia and Greg Merson fought it out in the heads up of the World Series of Poker main event, with Sylvia narrowly defeated but taking home a second placing pay check for $5,292,889.
G-Sports debuts with the game Road Redemption -
#esports Land, online and mobile gambling publisher Gamblit Gaming has debuted in the burgeoning eSports sector, unveiling its new eSports platform branded G-Sports with the hit PC and console game Road Redemption.
French licensed gambling operators lost $5M in 2015 -
#france Numbers released by the French online gambling regulator ARJEL have illustrated the continued folly of a ring-fenced and restricted online gambling market saddled with a harsh and operator-unfriendly tax regime.
NO PRIVATISATION FOR ONTARIO LOTTERY -
The privatisation of the Ontario provincial lottery will not go ahead despite proposals by major companies like IGT-GTech, Scientific Games and Rogers Communications submitted in response to the provincial government’s 2014 Request for Proposals.
Space Invaders wins Best Slot Product Award -
The growing emphasis on skill-based slot machines that are more appealing to the millennial demographic has seen Scientific Games awarded a Best Slot accolade for its Space Invaders game at the 2016 Gaming and Technology Awards.
NEW MARKETING CAMPAIGN FROM LADBROKES -
The Ladbrokes land and online gambling group has launched its latest marketing campaign, with the first television advertisements ready to screen this Saturday.
Gamesys acquires Snowcat Games -
London online gambling provider Gamesys has announced the acquisition of Estonian online gambling games developer Snowcat Games for an undisclosed consideration, noting that the deal will strengthen its development capabilities.
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