Evolution has reported the year's results



Evolution has reported the year's results

 

Internet gambling provider Evolution, a leader in the online gambling market, has summed up its estimates for the past 2020 and outlined its plans and all slots. It has been a successful and busy year for Evolution, despite the fact that coronavirus incidence has been increasing. The company reported an increase in brand revenue and several 'big acquisitions'. 

 

Read more: the global provider has rebranded internally and even changed its name. The company's previous product name was Evolution Gaming. Evolution made three mergers during the year: major gambling developers NetEnt and Ezugi were bought, as well as popular provider and operator Red Tiger. 

On average, each quarter the company's revenue from operations increased by 40%, the net profit for the fourth quarter amounted to more than eighty million euros. 

Looking at Evolution's full-year performance, operating revenues increased by 53% (almost six hundred million euros) and net profit for the year was a staggering 284 million euros. 

Martin Karlsund, CEO of provider Evolution, emphasised that he was very proud and happy for his company. Martin described the mergers and acquisitions that the company has made as very successful deals that ended the past year on a high note. According to Martin, the acquisitions of the above companies have been able to add several verticals and collaborate with gambling live dealers and new online casino. Provider Evolution, according to Karlsund, is a very progressive company. The purchase of Red Tiger has also allowed it to expand its product range and strengthen its status and credibility in the gambling industry. 

Martin added that the company plans to build a strong foundation as Evolution's ambitions are long-term and unwavering. In all corners of the world, the firm has already become recognisable: in Europe, the United States and Asia. "Evolution introduces both land-based casinos and online slots. The increase in the gap between the company and its competitors has the company's director excited. "We're only going to make progress in 2021," says Martin. 

Indeed, players are taking note of the operator's richest range and secure transactions. As a reminder, Evolution uses a B2B provider. The company has been in operation since 2006, and in 2010 it already received its first well-deserved international award. Evolution has been producing mobile games since 2012.

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