Evolution ended 2020 on a high note

Evolution ended 2020 on a high note

One of the leaders in the online gambling segment and global B2B provider Evolution has summed up the year 2020. The company claims that this “eventful year” allowed the brand to record strong results and a number of “huge acquisitions,” despite the Covid-19 pandemic.

For example, in the fourth quarter of last year, the company’s operating revenues rose 68% (to 177.7 million euros) and profits for the period were 80.6 million euros.

In 2020, the operator rebranded itself, changing its official name from Evolution Gaming to Evolution. In addition, the real achievement of the developer is the purchase of two major gambling companies – NetEnt and Red Tiger.

As for the annual figures, here operating revenue increased by 53% (to 561.1 million euros), and profits for the whole 2020 reached the mark of 284.6 million euros (earnings per share increased by 1.55 euros).

Evolution CEO Martin Karlesund, summing up the results, said, “We are ending an eventful year in 2020 on a high note. It all marks a significant step forward for our progressive company. With the acquisition of NetEnt, we were able to add a second vertical to our unrivaled offering of live dealer casinos. And with the acquisition of Red Tiger, our product portfolio has become one of the most established in the industry.”

Functionalist added: “This allows us to lay a solid foundation for our long-term ambitions. We aim to take a leading position in the global online casino segment. Our steady market introduction of live casinos and slots throughout North America, Asia and Europe has made us recognized in every corner. We continue to strive to create the best gaming experience for each individual user. I’m excited about what’s in store for us in 2021 as we continue to increase our lead over our competitors.”

Recall that residents of Kazakhstan have asked the president to shut down online casinos.

Sarah Richardson

Hi! My name is Sarah Richardson and I am a gambling analyst, I do analytics and forecasting from more than 10 years, I write interesting articles and express my opinion in gambling and betting directions. As well as reviews of different games. As well as application testing, sports forecasts and much more. Read my blog. I share my tips, observations and thoughts.