Evolution, the world’s most powerful provider of live dealer games for online casinos, has announced its financial results for the third quarter of 2023 and the figures show record sales for the company.
The company’s sales in the third quarter amounted to 453.6 million euros, a figure that represents the best three months in the group’s financial history. The good result is mainly due to this Live Casino of the company, which generated sales of 358.8 million euros in the quarter, which corresponds to an increase of 24.3 percent.
Additionally, Evolution CEO Martin Carlesund revealed that demand for Live Casino Content is increasing rapidly and the provider has to open more studios to meet the demand.
evolution The company also posted a record number of games released in the third quarter, although the company still needs to increase its production capacity to meet demand.
Martin Carlesund announced that the company is ready to open new studios and hire more staff on three continents: Europe, North America and Latin America. “We see greater demand for our product than we can currently offer” Carlesund explained, adding that the company must do this “Increase the pace of hiring both in existing programs and to support new programs.”
Evolution’s CEO also added that the company had already opened a live casino studio in Colombia at the beginning of the fourth quarter and revealed that it will have a new studio in Europe by the end of the year and three or four in next year Europe will open. North America and Latin America.
RNG decrease
The company’s random number generator (RNG) games segment did not perform well in the third quarter, reporting a 1.9 percent decline in revenue to 66.8 million euros. Despite the decline, Evolution’s CEO remains optimistic as the RNG business made progress in the third quarter.
“We are driving our RNG business forward methodically and systematically” explained Martin Carlesund, adding that the current goal is to improve the business “Step by step.”
Geographically, Europe continued to be the most lucrative for Evolution, with sales of 175.1 million euros in the third quarter, an increase of 10 percent compared to the previous year.
However, Asia recorded sales of 172.1 million euros, an increase of 34.7 percent compared to the same quarter last year. If this trend continues, Asia will most likely overtake Europe in the fourth quarter. North America generated sales of €54.7 million for Evolution in the third quarter, while Latin America brought in €34.4 million.
Spring: “Evolution looks for new studios to support live casino growth after record third quarter”. iGaming business. October 26, 2023
