Evolution Gaming 2016 revenues rise 51%
Increased demand from new and existing clients sees supplier record €115.5m in full-year revenues
Evolution Gaming ended 2016 on a high with full-year revenues increasing more than 50%, driven by demand for its live casino offering from new and existing customers.
Evolution’s operating revenues for the 12-month period increased 51% year-on-year to €115.5m (£98m), while EBITDA was also up 44% to €44.6m (37.9m).
A strong final quarter to the year saw operating revenues increase 53% in Q4 to €34.3m (£29m), with its EBITDA increasing by 39% to €13m (£11m).
During Q4, new dedicated environments were launched for 888, Virgin Games and bwin, while it launched its first Romanian live studio at the Grand Casino Bucharest.
“Live casino continues to strengthen its position among operators as well as players,” CEO Martin Carlesund said.
“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.
“The year ended with continued solid demand for our services and a very high pace of delivery.”
Carlesund added it is preparing the company for a move to Nasdaq Stockholm in the second quarter of the year.