Live dealer specialist Evolution Gaming has published its interim report for Q2 2018, showing significant gains in revenue and EBITDA and making special mention of the upcoming launch of its brand new studio in New Jersey.
The report’s headline figures for Q2 cite operating revenues up 40 per cent to EUR 59.3 million, with EBITDA ahead by 36% to EUR 26.2 million and a profit for the period of EUR 20.1m. That takes operating revenue for the half-year to EUR 110.8m and a profit of EUR 36.7m.
Summarising the financials, CEO Martin Carlesund noted: “As this report is being published, the FIFA World Cup has just ended – and the second quarter was largely characterised by the preparations for this major sporting event, with many new tables in our studios, followed by a high level of activity as the tournament began. We see continued favourable demand for tables even after the World Cup, and expect to have a total of more than 500 in operation at the end of the year. Similar to our historical pattern, we are leveraging our size and utilising our expanded resources for optimum efficiency, with each new table being optimised and delivering more over time.
“In addition to our focus on the World Cup during the quarter, we made clear progress with our initiative in New Jersey, with several new customer agreements and activities associated with our new studio in that market. The studio is being built to serve several operators and will initially offer 10 tables with Live American Roulette, Blackjack, Baccarat, Three Card Poker, Ultimate Texas Hold’em and Slingshot Auto Roulette. More games and tables will then be released gradually, including dedicated tables for specific operators. The studio in New Jersey is expected to go live in the third quarter this year.”
On the outlook Carleson commented: “With half of 2018 behind us, I can state that we are continuing to deliver on our ongoing mission to continuously extend the gap between us and our competitors. Evolution’s operations are becoming increasingly global, with over ten years’ experience of delivering the best live casino services to both pure online operators and land-based casinos in a growing number of markets. I and all of Evolution’s employees look forward to the second half of the year, in which we will continue to create fantastic Live Casino experiences, both for our customers and their end users.”