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Mobile Is the Most Important Growth Factor for Evolution Gaming
- September 1, 2017 By Riley Wilson -
Stockholm-based Evolution Gaming announced the quarterly results for the three month period ending on June 31, which show the company recorded a staggering 56% year-on-year revenue increase to €42.3 million.
Even bigger news is the fact this is the fifteenth straight quarter of growth, which is an amazing achievement. This means the company’s results have been going up for the last five years.
Mobile Makes Big Impact
The growth is a direct result of the company’s increased income from both new and existing members who enjoy their casino games on the go. The number of bet spots from mobile players increased by 83% in the second quarter to 2.2 billion.
The Swedish live casino specialists were listed on the Stockholm exchange in June, while their stocks have quickly become one of the fastest rising.
The company has more than a decade of experience in mobile gaming, offering its customers an excellent live dealer casino platform. Mobile gaming is becoming more and more popular, and its market share is rapidly growing with the constant development of new software and technology.
Evolution Gaming has achieved a lot in under a year. The earnings of €15.1 million in the first half of the last year were 79% lower, while the numbers speak for themselves and herald more improvements and important milestones in the future.
The Chief Executive Officer of Evolution Gaming Group, Martin Carlesund, said he was very pleased to sum up an eventful quarter with positive developments in several areas.
Favourable Momentum Continues
He added the favourable momentum of the past quarters continued well into this period, with all products recording strong and steady growth. Carlesund stated that gaming revenues generated on the company’s mobile platform were well over 50% for the first time in the quarter.
He said he couldn’t wait to see what the rest of the year would bring to Evolution Gaming. With more and more players opting to play casino games on their mobile devices, live dealer options are becoming the standard on across all platforms.
The rise in popularity of mobile casino platforms will undoubtedly propel the company’s growth forward.