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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.
Americas Card Room Online Super Series Starts Now -
The OSS Cub3d is Americas Cardroom’s 3-part tournament series. It features the Mini Online Super Series (MOSS), the now-underway Online Super Series (OSS), and the upcoming Bigger Online Super Series (BOSS).
New Quick Seat feature at Ignition Poker -
New Quick Seat feature at Ignition Poker.In order to ensure our poker players’ user experience is even more seamless, we’ve introduced a new feature in our poker software called Quick Seat for both Ignition Poker.
Finnish people prefer the government to run the casinos -
Nordic countries have been, historically, the main markets for the online casino operators. The reasons for this are rather clear - these countries are very cold and people simply prefer to stay home and gamble than go outside to visit a casino.
NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 -
The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?
Caesar’s Triumph Slot Launches -
Caesar’s Triumph is new slot at Bovada that features the Roman dictator in all his glory. The action takes place on five reels where you’ll find 20 paylines and plenty of ways to spin your way to victory.
NHL Odds: Pacific Division Foes Face Off in Edmonton -
The Edmonton Oilers will attempt to defend their home ice advantage this Friday (10:30 PM ET on Sportsnet) against the San Jose Sharks. The Oilers (47-26-9) finished second in the Pacific, while the Sharks (46-29-7) finished third, but only four points behind their First Round foes.
Bingo Cataratas Offers Unique Spin on Classic bingo -
Bingo Cataratas (Spanish for waterfalls) is changing the way people think about bingo according to Bovada. Just because bingo is a classic with a huge following, doesn’t mean it can’t be spiced up with a fresh new format. Bingo Cataratas has the basic structure of bingo, but also has an “extra ball” feature and a bonus mini game.
NBA Odds: Hawks-Pacers in Regular-Season Finale -
Depending on the results of Game No. 81, Wednesday’s regular-season finale (8 PM ET, ESPN) between the Atlanta Hawks and Indiana Pacers could decide whether Indiana reaches the postseason. It could also give the Pacers a higher seed than Atlanta in the Eastern Conference playoffs.
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