Evolution, a prominent live casino gaming entertainment leader, finished 2023 with an impressive €1.07 billion in net profit. Their live casino gaming division saw unprecedented success and growth, solidifying their position in the industry.
The company has been known for pioneering the best and most successful live casino games and innovations. The year 2023 proved to be a milestone for Evolution, with a significant increase in net profit by 27%, amounting to an impressive €1.7 billion. Despite falling short of the expected investment amount of €120 million, the company ended the year on a high note, with gaming revenue soaring by 16.6% to €475.3 million.
A substantial portion of their revenue came from the live casino division, accounting for 84.7% of the total revenue. With the recent addition of an RNG offering, Evolution is looking to expand into other gaming verticals. Despite this expansion, live casino gaming remains the primary contributor to their revenue.
Looking ahead, Evolution’s CEO, Martin Carlesund, conveyed confidence in the company’s profitability and expressed excitement for the upcoming year. He emphasized the growing interest in the live casino department and confirmed plans to invest in new game development and expand table capacity for their existing networks. Moreover, the company is set to launch at least four new studios in 2024, starting with the acquisition of Livespins.
In response to queries, Evolution revealed that their live casino vertical amassed a record-breaking €1.07 billion in 2023. They also stated that the company continually adds new game offerings and plans to increase their studios’ capacity. As for where to play Evolution live games, the company recommended top live casinos such as Videoslots Casino, Bitstarz Casino, and Betsson Casino.
Evolution’s success in 2023 has set the stage for further expansion and innovation in the live casino gaming sector. The company’s commitment to growth and excellence positions them as a leader in the industry.