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Evolution Gaming posted a strong Q3-2015 result
Friday October 23,2015 : LIVE DEALER SUPPLIER POSTS A STRONG THIRD QUARTER REPORT
Evolution reports revenues, profits and earnings significantly up.
Live dealer technology and content supplier Evolution Gaming posted a strong Q3-2015 result Friday, reporting that revenues increased 57 percent y-o-y to Euro 19.5 million, and EBITDA rose 60 percent to Euro 7.8 million in the quarter ended September 30.
The company's mobile channel was particularly successful, contributing 28 percent of revenue as y-o-y proceeds soared 260 percent compared with the comparative period in 2014.
Operating profit of Euro 6.3 million - up 61 percent - was achieved, and adjusted profit grew by 59 percent to Euro 5.8 million.
Important events in the period included a deal with Genting Alderney, which will see a dedicated studio environment at Evolution's Riga base, and an agreement with major platform provider Microgaming as preferred Live Casino supplier for Europe.
Adjarabet, Marathonbet, Gamesys, Casumo, and BetConstruct all signed on as clients during the period.
The company also posted its results for the nine months to end September, reporting:
* Revenue up 52 percent to Euro 52.8 million;
* Adjusted EBITDA up 79 percent to Euro 21.7 million;
* Adjusted operating profit of Euro 17.6 million, up 88 percent;
* Adjusted profit of Euro 16.3 million, up 88 percent year-on-year.
Chief executive officer Jens Bahr said in a statement that the company will continue to follow a growth strategy and intends to maintain its lead on rivals in order to deliver long-term shareholder value.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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