Live Dealer Group Evolution Posts First Quarter Growth

This story was published more than 5 years ago.

Live dealer casino game specialist Evolution Gaming has announced their first quarter 2018 financial results, revealing 30% growth in gaming revenues.

Key financial indicators for the period ending March 30th, 2018 were:

  • Operating revenues of €51.6 million, up 30% from the same period last year.
  • Profits up to €16.5 million.
  • EBITDA up 29% to €22 million with margins of 42.6%.
  • Earnings per share of €0.46, up €0.11 from last year.

Commenting on his company's performance Evolution CEO Martin Carlesund said, "Overall, the first quarter of 2018 has been characterised by growth and profitability in line with our expectations, considering the ongoing investments in both new studios and games.

"We noted a clearly stronger performance at the end of the period, with good growth and earnings, compared with the beginning of the period.

"We have a very intensive period ahead of us with many tables to be delivered and go live.

"With extended studio capacity and new and upcoming game launches, we are increasing our lead over our competitors."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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19 April 2018 - 6:58pm

Yeah Evolution numbers are pretty good which just shows that the live dealer games becoming more and more popular amongst the punters in the recent years, I expect that this tendency will continue at least in the next couple of years too.