Evolution Gaming Reveals Growth in Revenues in Q3

 

Founded in 2006, Evolution Gaming has built a solid reputation for itself in the live casino sector and is now the largest supplier of this type of games. The company has an impressive operation with nine major studios, over 1000 live dealer tables (at the end of 2021) a strong game range and full mobile capability. The latest trading update from the company revealed that it made EUR 378.5 million in operating revenues in Q3 of this year, which is a healthy increase over the EUR 276 million figure for the same period last year.

The growth in revenues is being driven by the live casino division, with the operator’s games proving to be very popular with online gamblers. However, the company’s RNG offerings are also growing nicely as operators look to take advantage of the demand for these types of titles.

There is a huge variety of games available at Evolution gaming  table, from classic roulette to fast-paced Speed Blackjack and Baccarat. Many of the games are accompanied by a choice of side bets that can result in boosted payouts. For example, there is the chance to win a Free Spin on a Bonus Wheel in Lightning Roulette, while Lucky Payouts are possible in Baccarat and Blackjack.

These additional features have helped to drive a big increase in revenue at the company, with a lot of players looking for ways to boost their winnings. Those that are keen to try their hand at something different can also check out the company’s live versions of keno, bingo and other popular games.

In addition to the games that are produced in its own studios, Evolution also has a number of partnerships with other suppliers. This gives them access to a wider pool of potential customers and helps the company to spread its costs.

Evolution has a very good relationship with the world’s leading gambling authorities and works closely with the regulators in the countries where it operates. This means that its software is rigorously tested and regulated by the appropriate authorities.

This is particularly important as the company expands into regulated markets, such as New Jersey. The New Jersey Division of Gaming Enforcement has taken a very dim view of the allegations from an anonymous source that Evolution is allowing its games to be played in black markets, including countries currently subject to US sanctions.

In a statement, Evolution said it would investigate the claims in order to satisfy the New Jersey Department of Gaming Enforcement. The company also pointed out that it only partners with iGaming operators that are licensed and regulated in their home country. It has studios in Europe, including in the UK, Malta and Sweden, as well as an engineering hub in Estonia. This has given the company a very wide global reach. The company has also recently opened a new Connecticut studio, allowing it to offer its games to the regulated market in that state.