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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.



Gambling News :

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

ACR $1,400,000 High Five Tournament Series - It has five added tournaments a day for five straight days, with the $420k Main Event on the final day. There are Texas hold’em and PLO game types, and tons of structures.a

Microgaming named in The 10 coolest offices of 2017 - Microgaming named in The 10 coolest offices of 2017 Microgaming’s new HQ has been named in ‘The 10 coolest offices of 2017*’ in the UK, featuring alongside some of the biggest consumer brands.

$75K Win on Mobile Slot @ CafeCasino - Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.

Microgaming’s The Phantom of the Opera online slot live today - Available to Microgaming and Quickfire operators, The Phantom of the Opera online slot goes live Wednesday 1 November 2017.

2017 Punta Cana Poker Classic Results - The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.

NHL Odds: Winnipeg Jets vs. Minnesota Wild - Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.

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