Overview of Evolution

Evolution Gaming is a leading B2B provider of Live Casino systems in Europe. In Live Casino, a human dealer runs the game in real time from a casino gaming table which can be seen via a live streaming video link. Players make betting decisions on their device (desktop, smartphone, tablet etc) and can communicate with the dealer using a text chat function. Evolution's vision is to be the leading  Live Casino provider in the world. The group today employs approximately 4,000 people whereof a majority is based in Latvia and Malta. The parent company is domiciled in Sweden.

Evolution Gaming

 
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THE LEADING B2B PROVIDER OF LIVE CASINO SYSTEMS IN EUROPE

Our customers include approximately 150 operators including the majority of tier 1s across Europe and a number of land-based casinos. We work in partnership with our customers in established gambling markets to deliver world-leading Live Casino solutions designed to maximise every opportunity. In addition, we constantly anticipate and prepare for new and re-regulating markets so that our customers can win vital early market share.

See a selection of our Customers.

Segment

 

ACTIVE IN THE FASTEST GROWING CASINO SEGMENT IN EUROPE

We are active in the fastest growing casino segment in Europe. Key underlying market drivers include technological developments, new distribution channels such as mobile, the regulation of markets and an increasing strategic importance of Live Casino products among operators. One of Evolution’s financial objectives is to grow faster than the total European Live Casino market.

See our Financial Objectives.

Business model and offering

 

SCALABLE BUSINESS MODEL AND INDUSTRY-LEADING SOLUTIONS

Evolution was established in 2006 as one of the first providers of B2B Live Casino solutions in Europe. During our active years, we have built a platform with high operational efficiency and scalability. Thanks to our industry-leading solutions, Evolution has been named Live Casino Supplier of the Year 8 times out of 8 possible at the EGR B2B Awards.

Read more about our Business Model and What We Do.

Strategy

 

A CLEAR STRATEGY FOR GROWTH 

Evolution's platform is prepared for continued growth. While focusing on the core of our business – operational excellence, product innovation and customer optimisation – we also put great efforts into the three strategic key areas: increasing the gap, regulated markets and land-based casinos.

Read about our Strategy.

Financials

 

EXCEPTIONAL FINANCIAL TRACK RECORD

Evolution has seen significant growth in revenue and earnings driven primarily by organic growth on the existing customer base over the last years. In 2017, revenues increased by 54% to EUR 178.4 million and the EBITDA margin was 45%.

See Key Financial Data.