UPDATE 1-Evolution s quarterly earnings jump on casino games boost Reuters 18 hrs ago
Popular Searches
STOCKHOLM, July 21 (Reuters) - Sweden s Evolution AB reported a 115% jump in second-quarter core earnings, beating market estimates, as the pandemic boosted demand for online casino games, particularly in the United States.
The company, which makes online slot machines and roulette games, has seen more customers turning to online games and the United States becoming a growth market as more states consider making online gambling legal to boost tax receipts.
Evolution, which has more than 500 customers including 888 Casino and Betsson, bought Swedish rival NetEnt for $2.12 billion last year, handing it popular slot games such as Starburst and Piggy Riches.
Evolution sees revenue and profit more than double in H1 after NetEnt deal | Half year results
igamingbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from igamingbusiness.com Daily Mail and Mail on Sunday newspapers.
Evolution s quarterly earnings jump on casino games boost | WSAU News/Talk 550 AM · 99 9 FM
wsau.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wsau.com Daily Mail and Mail on Sunday newspapers.
Evolution s quarterly earnings jump on casino games boost
933thedrive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 933thedrive.com Daily Mail and Mail on Sunday newspapers.
Swedish gambling technology company Evolution is betting online casinos will increasingly replace physical venues and help to maintain its rapid recent expansion. Evolution shares have jumped 170% over the past year, boosted by growing demand for online casinos during lockdowns, pushing its market value up to 314 billion crowns ($38 billion) compared with less than 3 billion when it listed in 2015. That puts the firm, which produces and licenses live casinos to gaming operators, among Sweden's 10 biggest listed companies along with the likes of telecoms equipment maker Ericsson, which has a 367 billion crown market value.