Evolution Gaming Continues Sector Dominance

Evolution Gaming Continues Sector Dominance
2 years ago

It was 16 years ago when Evolution Gaming was launched. This highly innovative company has taken huge strides in that time. In 2022, it continues to dominate the iGaming industry and is worth over $20 billion.

Evolution describes itself as “game creators and game-changers”. That is exactly what it has become and continues to be. It is not a company that likes to stand still and enjoys “pushing limits” and “doing what hasn’t been done before”, using the latest technology available.

Anyone who has played at one of its live casinos will know those statements on their website are true. Those now enjoying their new games are fully aware that when you see the name Evolution Gaming attached to a product, a great time lies ahead.

When you venture online to play casino games, a little bit of variety is always good to see. Yes, it’s great to play classic games such as roulette, but Evolution Gaming has taken it to another level.

XXXtreme Lightning Roulette is the latest Evolution Gaming release. It’s taken its Lightning Roulette a few steps forward, and that’s what this company is so good at. There’s never been roulette like this with Chain Lightning and Double Strike Multipliers giving players a thrilling and hopefully lucrative experience.

The new game is just one of many Evolution Gaming titles you can find on iGaming platforms in the UK and around the world as the company continues to expand.

Market dominance

Anyone who follows the iGaming industry will know that it is important for a company like Evolution Gaming to provide its innovative games to as many online operators as possible. That’s something that is happening for this company. It is at the top of the market when it comes to B2B online casino services, and the good news keeps coming for them.

February of this year was an important month for Evolution Gaming. It showcased 25 new games to be played at online casinos. They have acquired game developers such as NetEnt, Red Tiger, Big Time Gaming and DigiWheel. This means that there will be a steady stream of top-quality games.

2022 is going to be the year of ‘The Great 88’ – the number of new games that will be released by the company this year. Whether it be live casino games, innovative live game shows or slots games, all will be heading onto the market this year. No wonder CEO Martin Carlesund has been talking about “an amazing product roadmap for 2022”.

The interim report for the first three months of 2022 shows just how much the company continues to progress. Operating revenues went up by 38.6 per cent to €326.8 million, and EBITDA up 43.4 per cent to €229.7 million. With profits at nearly 200 million euros, 2022 is already a fantastic year for Evolution Gaming.

One important event in the first quarter of the year was launching online betting in Ontario, Canada. Evolution Gaming was quick off the mark and has gone live with online casino services for several of the new operators in the province.

Its expansion in the US market continues with Lightning Roulette launched in New Jersey, the first of several states where that will happen.

Also launched this year has been Bac Bo. This is a dice game that is a mixture of Baccarat and Sic Bo. There’s also been Peek Baccarat as well as slot games such as Knight Rider and Narcos Mexico. More releases are on the way, and it’s no surprise that their interim report predicts that the rest of 2022 will be a “very exciting time indeed.”

Opening new studios is always an important task for Evolution Gaming. One was recently launched in Madrid, and there will be another in Connecticut, USA, later this year. Asia and Latin America are also areas in which this company has major expansion plans.

It has a network of 15 studios and can spend time moving resources from one to another. The interim report says that total investments in new studios will increase this year. All of which is good news for those operators they supply products to.

It has “good delivery and momentum” after the first quarter of 2022. Evolution Gaming will continue to dominate the sector. Its report says that it “strives to be better every single day” to increase the gap between itself and its competitors.

It’s not uncommon for companies to make such bold predictions, but they tend to come true when Evolution Gaming makes such comments.

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