Record-Breaking Q3 for Evolution Gaming Shows: Live Dealers Are the Real DealPublished November 14, 2017 by Brett C
Evolution Gaming is internationally recognized as a market leader in live casino games. For the 3-month period ending on September 30, 2017, Evolution Gaming generated revenues of €45.7 million, up 56% year on year!
Evolution Gaming is a big player in the live casino games market. Judging by Q3 2017’s figures, Evolution Gaming has plenty of reasons to be proud: profits increased by 56% year on year, at €45.7 million for the 3-month period ending in September 2017. Thanks to the increasing popularity of live dealer games, Evolution Gaming is firmly in the pound seats. The year-on-year increases are testament to the immense popularity of live streaming games from bricks and mortar casinos and studios around the world.
Incredible Growth Prospects for Evolution Gaming This Year
In Q3 2016, Evolution Gaming generated €29.2 million of operating revenue – significantly less than current figures. EBITDA climbed 103% to €21.8 million (year on year) with the biggest ever spike for a quarter in Q3 2017 at 47.7%. These figures simply indicate the real appeal of live casino games among players. For 2017, the year to date revenues for Evolution Gaming are now up at €127.7 million, up 57% year on year. Evolution Gaming has cited favourable market conditions as the reason for the astronomical boost in profitability.
Among others, players can expect greater liberalization of regulated gambling activity across Europe, Canada and the United States. Plus, land-based casino activity is also increasing Evolution Gaming’s coverage. Growth opportunities abound across the spectrum, and in 2018, the company is expecting additional growth as the FIFA World Cup kicks off. This is the most widely anticipated sports contest in the world, with nations from every corner participating for football's highest prize.
According to Evolution Gaming, end-user bets increased by 85% to 2.4 billion. This is virtually unheard of in the online gaming industry, but it sets a precedent for an even better year to come. There is no doubt that live casino games are all the rage. They eliminate the trust issues that many players currently have with online casinos – the RNG. By having games stream live from a secure studio or bricks and mortar casino direct to your screen in real time, it’s just like being at a Las Vegas casino with an authentic dealer. Live casino games feature multiple variants of Roulette, Blackjack, Baccarat, Casino Holdem, Caribbean Stud Poker and Texas Hold’em.
Live Casino Games Dominate the Coming-Of-Age for the Internet
Evolution Gaming has also branched out to offer live dealer casino games in British Columbia. In Latvia, Evolution Gaming hosts many of its live dealer studio facilities, and despite additional fees being levied at live casino tables, this industry is booming. In total, Evolution Gaming boasts having 400 tables in play by the end of the year, making this Europe’s biggest casino by a long margin. The CEO of Evolution Gaming, Martin Carlesund recently attested to the fantastic popularity of Dual Player Roulette and Dream Catcher. As technology continues to improve on smartphones, tablets and phablets, and Internet connectivity allows for greater clarity and audio-visual prowess, we can expect live casino games to dominate.