Evolution Gaming go from strength to strength
2017-02-17 16:35:46The excellent Evolution Gaming achieved significant growth in 2016. The online gaming software developers specialise in providing top-class live casino games to many of the major online casinos.
For 2016, their full-year operating revenue amounted to €115.5 million ($122.9 million), up by 51% on the €76.4 million posted in the previous year.
Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at €44.6 million, an increase of 44% on 2015, while profit for the 12 month period totalled €31.7 million.
The full-year results were boosted by an impressive showing by Evolution in the fourth quarter, during which operating revenues increased 53% year-on-year to €34.3 million.
Profit in the fourth quarter hiked from €6.9 million to €9 million, while EBITDA jumped 39% to €13 million.
Martin Carlesund, chief executive of Evolution, said: “2016 marked Evolution Gaming’s 10th year in business and I am happy to report that we wrapped up a very successful year with a strong quarter.
“Live casino continues to strengthen its position among operators as well as players; our focus on the quality of the user experience, offering the broadest product portfolio for all devices and delivering a leading service to our customers are some of the factors behind our strong results in 2016.
“2017 will be an exciting year for Evolution; we will continue to work according to our strategy where product innovation, regulated markets and land-based solutions are key areas.
“In addition to our commercial focus, we are also preparing the company for a move to Nasdaq Stockholm in the second quarter of the year.”
Top Casinos
Best Welcome Bonus
-
Pots of LuckEnjoy a fine 100% Welcome Bonus up to £100 plus 20 Free Spins at Pots of Luck, today!!!#Ad New Players Only. Wager from real balance first. 50X wager the bonus. Contribution varies per game. selected games only. Wager calculated on bonus bets only. Bonus valid 30 Days from receipt/ free spins valid for 7 days from issue. Max conversion: 3x the bonus amount or free spins: £20. Excluded Skrill deposits. Withdrawal requests voids all active pending bonuses. Full T&C's Apply apply. 18+. BeGambleAware.org.Read ReviewClaim Bonus
-
Fortune Mobile CasinoGet your hands on an excellent £500 Welcome Bonus plus 150 Bonus Spins with Fortune Mobile Casino!#Ad First 3 deposits only. Min deposit £10. Max total bonus £500 and 150 spins. 30x wagering (dep + bonus). 30x on spins, 4x conversion, bonus and spins valid on selected slots. Full T&C’s apply. #AD, 18+ only, BeGambleAware.org.Read ReviewClaim Bonus
-
UnibetDeposit with £10 to get £40 with Unibet!#Ad 18+. BeGambleAware.org. New Customers only. Minimum Deposit £10 and Get £40 in Casino Bonus Funds. Debit card only. Up to 50x wagering, game contributions vary, max. stake applies, new customers must opt in and claim offer within 24 hours and use within 30 days. See full terms.Read ReviewClaim Bonus
-
PlayMagicalEnjoy a fine 100% Welcome Bonus up to £200 with PlayMagical!#Ad New Players Only. Wagering occurs from real balance first. 50X wagering the bonus. Contribution may vary per game. Available on selected games only. The wagering requirement is calculated on bonus bets only. Bonus valid 30 Days from receipt. Max conversion: 3 times the bonus amount. Withdrawal requests voids all active/pending bonuses. Excluded Skrill deposits. Full Terms apply. 18+. BeGambleAware.org.Read ReviewClaim Bonus
-
CasinoLuckCasinoLuck welcomes you with a superb 100% Welcome Bonus up to £50 and 20 Spins on the Book of Dead slot!!#Ad Terms & conditions apply. New players only. 18+. Min Deposit £10. Wagering requirement apply 35x. Offer valid for 72h. £100 Bonus/100 Spins includes 3 Deposits. BeGambleAware.org.Read ReviewClaim Bonus