Tag Archives: Evolution Gaming

Novamedia BV, the operating company of the Netherlands Postcode Lottery, has confirmed that it will no longer participate in the Dutch KOA online gambling marketplace. Via a statement on its website, Novamedia announced that it had chosen to relinquish its online gambling licence granted by Dutch gambling authority Kansspelautoriteit (KSA).  Novamedia Gaming BV independently made the decision to relinquish its …

Evolution Gaming has this morning reached an agreement to acquire Nolimit City for an upfront cash consideration of €200m. The deal contains a number of earn-outs options that could amount to €140m, which would price up Evolution’s total valuation of NoLimit City to €340m, payable in cash. The company notes that this falls in line with a “strategy of being …

Evolution Gaming has outlined significant global growth prospects for its Live Gaming and RNG business units, following a strong start to year trading.  Publishing its Q1 2022 trading update (period ending 31 March), Evolution has registered corporate revenues of €327 million, up 38% on corresponding Q1 2021 results of €236 million. A breakdown of units saw Evolution’s flagship Live Gaming …

Evolution Gaming has surpassed the €1 bn mark in operating revenues recorded during 2021 –  buoyed by record-breaking Q4 results that registered double/triple digit growth across all core trading metrics. Publishing its full-year 2021 financial results, the firm registered Q4 revenues of €300m, up 69% on corresponding 2020 results of €177m. Revenue growth was attributed to a ‘continued global demand …

Live casino provider Ezugi has secured its entry into the British market, operating under the UK Gambling Commission (UKGC) licence of its parent company, Evolution Gaming. The brand, which has been part of Evolution since 2018, will hold UKGC, games, studio and security accreditations, with 11 of its games identified as being ‘most in-demand’ fully certified for launch.  Lauding the …

Evolution Gaming reports a period of high activity, as its gaming business continues to benefit from an expanded product catalogue and games selection.  The Stockholm Nasdaq games studio has attributed a ‘very strong global demand’ for live casino offerings as the primary factor behind its Q3 growth, which has seen its total operating revenues increase by 97% to €276 million …

Q1 analysis undertaken by H2 Gambling Capital has observed that the industry has maintained B2C and B2B growth despite continued trading against volatile lockdown conditions and regulatory headwinds in Germany and the Nordics.   Recording a year-on-year revenue increase of 42%, global gambling tracked a ‘weighted average EBITDA’ growth of 119%, as H2 noted that the sector’s primary growth driver was …

Evolution Gaming has reported a 105% revenue increase in Q1 2021, driven by its acquisitions of NetEnt and Red Tiger Gaming, as well as expansion in global markets and continued high demand. Overall group revenue rose to €235.8 million during Q1, whilst the NetEnt takeover resulted in the total closure of the firm’s synergy project nine months earlier than anticipated …

International sports betting and casino operator SKS365 has strengthened its expansion plans both internationally and in Italy with the appointment of Lara Falzon as Group Chief Financial Officer. The firm, first registered in Austria and operating in Italy under the Planetwin365 brand, is currently going through a period of ‘intense growth’ both regionally in the Italian market and on an …