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Evolution Gaming published its Q2-2015 results

Friday August 28,2015  : REVENUES AND PROFITS WELL UP AT LIVE DEALER PROVIDER
 
Evolution enjoys a robust second quarter.
 
Live dealer technology and content provider Evolution Gaming published its Q2-2015 results Thursday, highlighting the following financial progress:
 
* Revenues up by 55 percent to Euro 17.9 million (Q2-2014: Euro 11.5 million);
 
* Profit for the period up at Euro 5.9 million (Q2-2014: Euro 2.9 million);
 
* Earnings per share up at Euro cents 16 (0.08);
 
* Adjusted EBITDA up 89 percent to Euro 7.7 million (4.1), corresponding to a margin of 43 percent (35);
 
Events during the second quarter of 2015 were:
 
* Mobile growth in excess of 250 percent year-on-year;
 
* On-premise studio in Belgium with the majority of the country’s online casinos as customers;
 
* Secured rights to games and side bets from Games Marketing;
 
Events following the balance sheet date included a content agreement with Genting Alderney, and  live casinos launched for Adjarabet and Marathonbet:
 
Jens von Bahr, CEO of the company, said the business was experiencing strong growth, particularly among mobile users.
 
"In the second quarter, 24 percent of the operators’ gaming revenues via the Evolution platform were generated by mobile devices compared to 11 percent last year. In absolute numbers the increase was more than 250 percent, still without cannibalising other platforms." he said.
 
One of the most important company achievements in the quarter was the agreement with Casino de Spa in Belgium, where Evolution has built a local studio in accordance with the country’s new gaming regulations.
 
"We currently have six customers who via land-based casinos hold online casino licences from the Belgian Gaming Commission, giving us a virtual monopoly position in the market," von Bahr revealed. "In addition, we have a large number of customers who hold licences to operate online gaming arcades."
 
Giving an update on current trading, von Bahr said that a partnership agreement had been signed with the online division of land gambling giant Genting, presenting good future prospects for the company.
 
With the traditionally quiet third quarter of summer now well advanced, there are signs that business is improving, and Evolution is strongly positioned to take advantage of this by focusing on product range, operational quality and concentrating on regulated markets, he said.



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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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