Revenue boosts for Evolution Gaming in latest interim report

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Live casino gaming specialists Evolution Gaming has continued to build on 2017’s “exceptional” year, with the publishing of its interim report for the January-June period of this year.

An operating revenue increase of almost 40 per cent, to €59.2m from €42.3m, in the second quarter of the year has boosted its figures for the first half of 2018, which has seen the firm report revenues of €100.8m, up 35 per cent on the previous years €82m.

EBITDA for Q2 also rose 36 per cent, reaching €26.2m contrasted with €19.2m, despite a margin decline 44.2 per cent (2017: 45.5 per cent), whilst profit for the period reached €20.1m, representing a 37 per cent increase from €14.6m during April-June last year.

Similar increases were also felt for the full H1 figures reported by Evolution Gaming, as profit for the period amounted to €36.7m, a 34 per cent jump from €27.4m.

EBITDA was boosted a little under €12m, with a 33 per cent rise from €36.3m reaching €48.1m for HI 2018, corresponding to a margin of 43.4 per cent, also a slight decline on the previous years 44.2 per cent.     

Evolution also pointed to a number of significant development during Q2, which has seen preparations put in place for a new studio launch in New Jersey during Q3, new customers welcomed and over 500 new tables expected to be live by the culmination of the year.

Martin Carlesund, CEO of Evolution Gaming, commented: “I am pleased to be able to sum up a quarter with much new progress, both within the framework of ongoing investments, as well as in ongoing customer processing and marketing.

“With half of 2018 behind us, I can state that we are continuing to deliver on our ongoing mission to continuously extend the gap between us and our competitors.

“Evolution’s operations are becoming increasingly global, with over ten years’ experience of delivering the best live casino services to both pure online operators and land-based casinos in a growing number of markets.

“I and all of Evolution’s employees look forward to the second half of the year, in which we will continue to create fantastic live casino experiences, both for our customers and their end users.”