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EVOLUTION GAMING POST RECORD 2015 RESULTS
Wednesday February 17,2016 : EVOLUTION GAMING POST RECORD 2015 RESULTS
Results driven by mobile and existing customers.
Live dealer gaming provider Evolution Gaming has posted record full year 2015 results for the period ending December 31, 2015 and confirmed its intention to apply for a listing on the Nasdaq Stockholm Main list.
Key performance indicators for the fourth quarter included an increase in revenue of 62 percent to Euro 22.4 million (Q4/2014: Euro 13.8 million) and profit of Euro 6.9 million (Q4/2014: Euro 3.8 million).
Adjusted EBITDA amounted to Euro 9.3 million, up 68 percent on the same quarter 2014, with a margin of 42 percent (Q4/2014: 40 percent).
Mobile penetration has almost doubled on the comparative period reaching 32 percent.
Chief executive officer, Jens von Bahr, revealed growth was driven mainly by existing customers such as William Hill and Genting who are focusing increasingly on their Live Casino offerings.
“Mobile growth remains very strong,” Bahr continued. “In the final quarter of the year, 32% of the operators’ gaming revenues generated via the Evolution platform derived from mobile devices. In absolute numbers, growth was 33% compared to the third quarter of 2015,” results which will lead Evolution to continue devoting “significant” resources to its mobile offering in 2016.
Bahr identified the land-based segment as an exciting growth area saying many of its terrestrial operators want to capitalise on their strong brands online.
Half way into the company’s first quarter 2016, Bahr reports a strong start to the year along with a decision to apply for listing on Nasdaq Stockholm’s main list some time in 2016.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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