Evolution Gaming go from strength to strength2017-02-17 16:35:46
The 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.”
Best Welcome Bonus
Vegas ParadiseGrab an excellent 50% Welcome Bonus up to £100 plus 25 Free Spins at Vegas Paradise!#Ad New Players Only. UK 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 / Free spins valid 7 days from receipt. Max conversion: 3x the bonus amount or from free spins: £20. Min Deposit £10. Withdrawal requests voids all active/pending bonuses. Excluded Skrill deposits. Full Terms Apply. BeGambleAware.org.Read ReviewClaim Bonus
CasinoLuckCasinoLuck welcomes you with a superb 100% Welcome Bonus up to £50 and 50 Spins on the Starburst slot!!Read ReviewClaim Bonus
Spin HillSpin the Mega Reel for the chance to win up to 500 Free Spins with Spin Hill!#Ad New Players Only, Min Deposit £10.00, £8.00 Max Win Per 10 Spins, Max Bonus Equal To Lifetime Deposits (Up To £250.00), 65X Wagering Requirements And Full T&CS Apply Here. Cashback Must Be Claimed On-Site, Calculated As A % Of Daily Deposits, Minus Withdrawals. Further T&Cs Apply. 18+. BeGambleAware.org.Read ReviewClaim Bonus
GentingBetGet a 100% deposit match up to £200 at GentingBet!!Read ReviewClaim Bonus