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Evolution – Interim Report Jan-Sept 2020

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Third quarter of 2020 (Q3 2019)

  • Operating revenues increased by 48% to EUR 140.0 million (94.7)
  • EBITDA increased by 87% to EUR 90.7 million (48.5), corresponding to a margin of 64.8% (51.2)
  • Profit for the period amounted to EUR 79.4 million (39.8)
  • Earnings per share amounted to EUR 0.44 (0.22)

January-September 2020 (9M 2019)

  • Operating revenues increased by 48% to EUR 383.5 million (259.0)
  • EBITDA increased by 86% to EUR 235.9 million (127.1), corresponding to a margin of 61.5% (48.9)
  • Profit for the period amounted to EUR 204.0 million (102.9)
  • Earnings per share amounted to EUR 1.12 (0.57)

Summary of the third quarter and the first nine months of 2020

 

 

 

 

 

 

 

Comments from CEO Martin Carlesund:
I’m happy to report strong results for the quarter. Revenue amounted to EUR 140 million, an increase of 48 percent compared with the third quarter of 2019. EBITDA amounted to EUR 91 million with a margin of 64.8 percent. The past quarter has also been a period of exceptionally high activity operationally within Evolution and after the end of the quarter we are live with our first tables in both Pennsylvania, USA and Kaunas, Lithuania. We are still dealing with the limitations imposed by Covid but we are slowly coming back towards pre-Covid levels in number of tables.

Our new game show style game – Crazy Time – was launched globally on July 1st and has been a great success. Players enjoy the groundbreaking game format and possibility of big wins. It is our most successful game launch to date. Instant Roulette was also launched during the quarter and coming up in Q4 is the launch of Craps. We continue to build our portfolio of unique innovative games both within traditional table games as well as game shows.

Germany is on its way to be the next regulated market in Europe. Licenses for Online Casino, which includes Live Casino, and Online Slots, are planned to be issued from July 2021. Until then a transition will take place where some operators will not offer Live Casino. Revenue related to German players make up 5-10% of our current total revenues. While we expect a negative effect on our German revenue during the transition the effect on the Evolution group as a whole is limited. Long-term we view the move towards regulation in Germany as positive for Evolution.

We continue to stay focused on further strengthening our North American footprint and it makes me proud to say that we now are live in Pennsylvania. Also important for the North America expansion is that we, during the third quarter, have signed several new customers for the US market and more are to come. Regardless of the timing for regulation in additional states we know that Evolution is well positioned and that the US market is a long-term project with very high potential.

We experience high demand for our games all over the world and thus we continue to invest in additional studio capacity to meet the total demand. During this week we also launched the new medium sized Lithuanian studio. It has been our fastest and most efficient build so far. Together with the latest expansion in Tbilisi, the new build in Pennsylvania, expansion in Malta, expansion in New Jersey and the coming build in Michigan we look forward to a very hectic expansion in the coming period.

During the period we have also updated our corporate brand to Evolution. The new branding better reflects the diversity of our operations. In addition to our gaming offerings, we are also active within areas such as software development, technology innovation and state-of-the art broadcast studio design.

With increased studio capacity together with a continuous development of the very best products and services, we are well positioned to increase our market leadership within Live Casino going forward. During the fourth quarter we look forward to close the deal with NetEnt. We see a fantastic potential in combining the two companies and continuing to deliver the best playing experiences for players across the globe. As I said in the beginning of this report we have a hectic Q3 behind us and now we look forward to an even more hectic Q4. We will continue to work relentlessly on all fronts to continue to better every single day.

 

 

 

 

 

 

 

 

 

 

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Antwerp Anchors

BABU88 Announces Sponsorship of Antwerp Anchors in EUT20 Belgium 2026

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BABU88, a leading online gaming and sports betting platform, has announced its sponsorship of the Antwerp Anchors (ANA) for this season of EUT20 Belgium 2026. This strategic partnership highlights BABU88’s commitment to sports development and solidifies its presence in the international cricket community.

The highly anticipated season of the EUT20 Belgium kicks off on Saturday, June 6, 2026, at the Antwerp International Cricket Ground in Belgium. Organised by the Belgian Cricket Federation, this high-energy T20 tournament runs until July 19, 2026, featuring five powerhouse teams: Brussels Tigers, Ghent Gladiators, Liege Lions, Antwerp Anchors and Bruges Batsmen. With action-packed matches scheduled across one thrilling week, the top teams will advance to the knockout rounds, leading to an exciting final on June 14, 2026.

The Antwerp Anchors, one of the most anticipated teams in the league, features a star-studded roster with international and European cricketing talents. The squad is anchored by explosive Belgian all-rounder Saber Zakhil, known for his aggressive batting style and critical bowling variations. Zakhil, who has a massive following among European cricket fans, was secured as a marquee signing ahead of the tournament. His recent stellar performances in continental tournaments reinforce his reputation as a dominant, consistent match-winner.

Joining him are key tactical players and top-tier talent from the international Associate cricket circuit, bringing a wealth of competitive experience. With an aggressive batting depth and a versatile bowling attack, the Antwerp Anchors are well-positioned to captivate fans and make a deep run for the championship title.

The post BABU88 Announces Sponsorship of Antwerp Anchors in EUT20 Belgium 2026 appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

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Amusnet

Weekend Reels | Week 25: Slot Drops & Trends

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Here are this weeks latest slots releases compiled by Eastern European Gaming

Spinomenal has launched Tornado Treasure – Hold & Hit 3×3, adding a new title to its Hold & Hit portfolio. The 3×3 slot uses a 777 Wild (excluding Bonus and Bonus Collect). Two special symbols drive the feature: Bonus symbols can land only on reels one and three, while Bonus Collect appears only on reel two.

Amusnet has released its latest online video slot game, Trophy Rush Triple Boost. Packed with stadium energy, trophy-chasing action and feature-rich gameplay, this football-themed release captures the thrill of competing on the sport’s grandest stage. Set within a roaring arena filled with cheering fans and championship atmosphere, the game unfolds across 5 reels and 40 paylines, where every spin feels like a much-chased goal.

bet365 has partnered with MGA Games to launch Mina de Oro Golden Edition bet365 for customers in Spain. The companies said the release is a reimagined version of Mina de Oro, positioned as an update to one of MGA Games’ long-running titles for the Spanish market.

Evoplay has launched Liberty Fireworks, a new five-reel slot built around a booster-led Bonus game and a US Independence Day theme. The base game includes a Wild symbol that substitutes for all regular symbols except Bonus symbols. It appears on reels 2–5.

Million Games has launched East West Wild, a new feature-led video slot inspired by the historic Silk Route, the supplier said. The game runs on a 5×4 layout with 1,024 ways to win. Million Games said consecutive wins increase a Combo Multiplier within each spin, positioning progression as the core mechanic.

Microgaming has launched Playboy Gems and Desires, the latest addition to its official Playboy-branded games portfolio. The slot uses a reel set featuring Wild stacks that land on reels two, three and four. The game also uses a ways win structure as part of its presentation.

Zingo Bingo has exclusively launched Midnight Marauder ClusterBreaker, the latest action-packed slot from leading supplier Relax Gaming. The neon-fuelled heist adventure is now available to Zingo Bingo players who will embark on a precision operation to plot the ultimate raid to try and crack the vault to unlock those wins.

Inspired Entertainment, Inc. has launched two new online slot titles—Bigger Piggy Bank Super Wheel™ and Cops ‘n’ Robbers Smash ‘N’ Grab™—now available across the UK and Malta iGaming markets. The company said Bigger Piggy Bank Super Wheel combines its Bigger Piggy Bank™ series with Player Link™ and a “Super Wheel” community feature.

Playson has released 4 Pots Riches: Super Wheel, adding a new “Super Wheel” mechanic to its 4 Pots Riches slot line-up. The Super Wheel feature triggers when a Super Wheel Symbol is present on the reels at the moment either the Bonus Game with Pot Features or the Mega Bonus Game starts.

Playson adds Super Wheel mechanic to 4 Pots Riches slot series

Booming Games has launched Greedy for Gold: Hold and Win, the second game in its Greedy for Gold series. The supplier said the slot uses a 5×3 grid with 20 fixed paylines and offers a maximum win potential of 2,000x. The Irish-themed title includes Pot of Gold and Lucky Hat mechanics, plus Free Spins with Jumbo symbols and a Hold and Win feature.

Booming Games launches Greedy for Gold: Hold and Win, second in series

Reflex Gaming has launched Sidewinder Xtra Power, a sequel to its Sidewinder title, with distribution through the Yggdrasil Masters Program. The game uses a 5×3, 20-payline fruit slot format and brings back the Sidewinder Shuffle mechanic. Reflex said the Sidewinder Feature is triggered when five orbs light up above the reels, turning losing spins into winners as the reels shuffle into position.

GAMOMAT released Frooty Troupe – Gold Club, marking the third launch in its Frooty Troupe slot series. The title is a 6×4 slot with 20 paylines. GAMOMAT said Credit Card symbols drive a prize collection mechanic: landing seven or more triggers instant cash prizes as multipliers of the base bet, ranging from 1x to 100x.

Gaming Corps has launched 3 Pigs of Olympus 2: Rise of the DemiHog, a sequel to its 3 Pigs of Olympus title. The new slot runs on six reels, four rows and 4,096 ways to win. Gaming Corps said the sequel introduces upgraded collect mechanics, an evolving progression system and enhanced Free Spins and Bonus Pot features, culminating in the Wheel of Olympus with rewards stated to reach up to 10,000x total bet.

Pragmatic Play has launched Mahjong Wins Triple Pot, a new online slot release, The title introduces “golden reels” and bonus coin symbols with values of up to 100,000x. The game uses a 4-5-5-5-4 grid with tumble mechanics. Pragmatic Play said consecutive tumble wins trigger a progressive multiplier trail that increases payouts by 2x, 3x and 5x until the end of the spin.

The post Weekend Reels | Week 25: Slot Drops & Trends appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

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Eeze

Eeze partners with Yggdrasil on multi-year slots development deal

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Eeze will use Yggdrasil’s Studio in a Box™ to build proprietary slot titles, with the first two launches expected toward year-end.

Eeze has signed a multi-year strategic partnership with games publisher Yggdrasil to develop original slot titles using Yggdrasil’s Studio in a Box™ production solution.

Under the agreement, Eeze will operate as an independent slot studio within the Yggdrasil ecosystem, using the end-to-end framework covering game design, maths configuration, testing, certification and launch. The companies said the setup is intended to streamline production and speed up time to market.

Eeze said the partnership supports its plans to expand as a “multi-vertical content provider,” adding slots alongside its live casino offering.

The first two Eeze slot titles are expected to launch towards the end of the year. After that, Eeze and Yggdrasil plan a rollout cadence of two multi-region games per month.

Graeme Powrie, Chief Commercial Officer at Eeze, said: “This partnership with Yggdrasil is an important step in accelerating Eeze’s long‑term ambition. Studio in a Box™ allows us to scale our slots strategy at pace, extend our reach in the market, and build on the work already done to position Eeze as a dynamic provider. It sets us up strongly for the future as we continue to grow as a multi‑vertical supplier.”

James Curwen, Chief Executive Officer at Yggdrasil, said: “Eeze has a clear vision for where it wants to go as a business, and Studio in a Box™ is built to support exactly that type of long‑term growth. This partnership brings a commercially driven studio into our ecosystem, with the tools and structure needed to deliver original, market‑ready slot content at scale.”

The post Eeze partners with Yggdrasil on multi-year slots development deal appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

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