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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.
Gambling News :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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