David Williams | 23 Aug 2017
Leading live dealer gaming provider Evolution Gaming has now reported that its profits almost doubled during the second quarter of 2017. The provider has specifically highlighted the popularity of its mobile casino offerings, which accounted for over half of the firm’s second quarter revenues at 52% of its overall takings.
Many operators and software providers have noted a marked increase in the popularity of mobile casinos and mobile-facing real money games of late – a trend that is seemingly true for Evolution as well, according to its latest financial figures. A prime example is the UKGC’s latest report, which noted that the use of mobile phones and tablets to access online casino has grown considerably, with as many as 43% of online punters turning to mobile devices for their gaming sessions.
Furthermore, Google’s recent announcement that it would start to accept real money gambling apps in its Play Store has further corroborated the trend. This has made the rise of the mobile casino industry even more concrete for industry members and players alike.
Evolution recently revealed that its year on year revenues have risen by 56%, growing to €42.3 million in Q2. Additionally, the firm’s total earnings increased by a whopping 81% up to €19.2 million, with profits growing from €7.6 million to a respectable sum of €14.6 million.
CEO of Evolution Gaming Martin Carlesund has credited his company’s impressive growth to its growing base of real money players, and in particular, those who play live casino games from their mobile devices.
In Q2 this year, the growing popularity of live dealer casino products was certainly evident, with Evolution’s B2B clients reporting a rise of over a billion in bet spots compared to the same quarter of 2016. And while land-based casinos represent a fair portion of Evolution’s business, its mobile offerings have posed the most noticeable growth, with even Carlesund himself highlighting their success.
With the current upswing in mobile casino popularity showing no signs of slowing down, the CEO has guaranteed further growth for his company within the vertical, noting that the rest of 2017 will be an intense period of expansion for Evolution.
In fact, Evolution has even begun to capitalise since the end of the second quarter, announcing the upcoming launch of its new live dealer production studio based in Tbilisi, Georgia. The studio will join its counterparts in Latvia and Malta, bringing mobile players an ever-growing choice in gambling entertainment.