Live casino and online gaming specialist, Evolution, recently dropped a press release, detailing financial standing after the acquisition of NetEnt.
The provider, which is also currently in the process of acquiring Big Time Gaming, reported a spectacular 105% year-on-year revenue increase for the first quarter of 2021 with its live casino offerings contributing 60% of the total growth.
The reported EBITDA was also significantly increased by an amazing 150% to €160.1 million across the first quarter of 2021, compared to the same period in 2020. This all translated to an increase in profit from 144% to €132 million.
Building capacity
Aside from Evolution’s acquisition of iGaming giant NetEnt, the company has also recently launched a live casino in Michigan and broken ground on the construction of two new live dealer studios in North America and the other in Europe.
The company’s consistent growth has made it one of the largest employers in the iGaming industry, with over 10,000 workers currently in the payroll.
Perhaps the most significant recent news for the brand is its in-progress acquisition of Big Time Gaming that is expected to be finalised near the second quarter of 2021.
Good omens
Evolution recently released its first online gaming collaboration with NetEnt in the form of the innovative Gonzo’s Treasure Hunt Live, a title that is generating serious industry buzz thanks to its advanced features and unique gameplay.
The company’s regional growth has also been overwhelmingly positive, with North America showing the most significant upswing with revenues that have more than doubled over the last quarter. Europe, Asia, and the United Kingdom have also displayed encouraging growth.
Evolution’s buoyant fortunes are expected to persist for the foreseeable future, particularly with the Big Time Gaming acquisition nearing completion. Since it managed to acquire NetEnt, Evolution’s has experienced remarkable revenue growth with an increase of 22.1.
