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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.
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Macau ATM Transaction Limit Lowered -
The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half .
Vegas Mobile Casino Gets Live Dealer Games -
Vegas Mobile Casino has partnered with Swedish online gambling game developer NetEnt, which has supplied a new live dealer offering that includes desktop Blackjack and desktop and mobile Roulette.
Cosmic Crystals SLot Launches -
1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.
Australian Open To Dunp Gambling Ads -
Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.
BaFin CrackDown on Spread Betting -
The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.
How is the CDC Group Spending its Money -
Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.
Voodoo Slot Released -
The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).
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