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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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Navigating South Africa’s 2026 iGaming Shakeup

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Following a landmark Supreme Court of Appeal (SCA) ruling and aggressive new directives from the National Gambling Board (NGB), the South African online gambling landscape has experienced its most dramatic shift in a decade. With local bookmakers now strictly barred from offering fixed-odds bets on casino games like roulette, a widespread regulatory “grey area” has been abruptly closed off. For thousands of South African players, this means their go-to platforms are rapidly changing, leaving a wave of confusion in their wake.

In response to this severe market disruption, SouthAfricanCasinos.co.za, the country’s leading independent casino review portal, has released a comprehensive 2026 guide. This resource is designed to help players navigate the transition, identify secure offshore platforms, and safely test new digital environments without financial risk.

The End of the Sportsbook “Grey Area”

The October 2025 SCA ruling clarified that, under provincial gambling acts, it is strictly unlawful for sports betting operators to offer casino-style games disguised as fixed-odds contingencies. The NGB has since doubled down in early 2026, issuing formal notices to Provincial Licensing Authorities to clamp down on the use of Remote Gambling Servers (RGS) for unauthorised casino games.

“The days of playing roulette or blackjack on your local sports betting app are coming to a hard stop,” a spokesperson for SouthAfricanCasinos.co.za stated. “Regulators are actively cleaning house. While this ensures operators stick to their licensed verticals, it forces casino enthusiasts to seek out dedicated, internationally licensed platforms that cater securely to the South African market. Our priority right now is ensuring players don’t end up on rogue, unregulated sites out of desperation.”

Testing Unfamiliar Platforms with a No Deposit Bonus

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Maximising Value and Exploring Game Libraries with Free Spins

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These promotional spins allow players to test out the latest titles from top-tier global software providers without dipping into their bankroll. It provides a highly effective, risk-free method to understand a specific game’s volatility, explore its bonus round mechanics, and observe its payout frequency.

Understanding Bonus Terms and Wagering Requirements

While promotional offers provide excellent testing grounds, SouthAfricanCasinos.co.za urges players to understand the mechanics behind them. A no deposit bonus or a package of free spins is rarely just “free money”; they are subject to specific terms and conditions designed to protect the casino.

The most critical factor to look for is the wagering requirement (or playthrough requirement), which dictates how many times a player must bet the bonus amount before they can withdraw any associated winnings. SouthAfricanCasinos.co.za actively screens and highlights platforms that offer transparent, realistic wagering requirements and fair maximum cash-out limits, ensuring players have a genuine chance of converting their promotional play into real-world funds.

The Importance of Localised Payment Gateways

As players move away from local bookmakers, finding international casinos that accommodate the South African banking system is paramount. Many offshore sites lack the infrastructure to process local currency seamlessly, leading to high conversion fees and delayed payouts.

SouthAfricanCasinos.co.za specifically targets and recommends platforms that not only accept the South African Rand but also integrate trusted local payment gateways. This includes support for SID Instant EFT, traditional bank transfers via major SA banks (like FNB, Standard Bank, and Capitec), and popular e-wallets. Ensuring these systems are in place guarantees that players can deposit and withdraw their funds securely, rapidly, and without hidden conversion costs.

About SouthAfricanCasinos.co.za (SAC)

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A Commitment to Player Security in 2026

As the NGB continues to enforce strict compliance across the country, the separation between sports betting and casino gaming will only grow wider. SouthAfricanCasinos.co.za remains committed to continuously auditing the market, updating its recommended lists daily to reflect the safest, most lucrative, and most transparent platforms available to local players during this period of industry upheaval.

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The post Navigating South Africa’s 2026 iGaming Shakeup appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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Yaspa and Paysecure Launch Advanced Payments Intelligence for Payment Providers

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Paysecure, a top global payment orchestration platform, and Yaspa, a prominent fintech focused on payments and identity solutions, have announced a strategic partnership today to introduce genuine intelligence to the payments market.

Utilizing Paysecure’s AI-driven routing and comprehensive transaction analysis alongside Yaspa’s Smart Payments, operators can minimize fraud and enhance the payment experience for users through a single platform, helping to maintain and expand their customer base.

Yaspa’s Intelligent Payments represents the peak of payment processing innovation, combining immediate bank-to-bank transfers with real-time data insights. Utilizing open banking infrastructure, the solution enables companies to execute Pay by Bank transactions that settle immediately while also extracting profound insights from the user’s financial habits. Unlike conventional payment gateways that merely facilitate money transfer, Yaspa’s platform transforms each transaction into an opportunity for identity verification, assessment of financial health, and risk evaluation. By connecting real-time bank information with AI-driven analytics, the platform delivers an all-encompassing perspective on a customer’s financial status and legitimacy at the precise moment a transaction occurs.

Paysecure is an advanced payment orchestration platform that allows businesses to enhance each phase of the payment process using AI-driven smart routing, real-time insights, and worldwide connectivity. Its sophisticated data and intelligence features examine payment trends and performance, delivering actionable insights that assist merchants in customizing the payment experience, enhancing customer retention, and optimizing revenue opportunities.

This collaboration will utilize the shared data and insights from both solutions to provide more intelligent and efficient payment experiences. By becoming part of Paysecure’s ecosystem, Yaspa’s open banking and PSP solutions can be activated via a single integration, providing merchants with access to account-to-account payments and a worldwide marketplace of providers. Collectively, the solutions utilize AI-generated insights regarding spending trends, currency, offers, fraud, and performance, allowing merchants to protect the experience and optimize the potential of each transaction.

Yaspa’s Chief Revenue Officer, Justin Fraser, said: “This integration and partnership with Paysecure is a genuinely game-changing moment in the payments industry. Never before have operators had this level of intelligence and data from a third party payments solution at their fingertips. We look forward to working closely with the Paysecure team.”

Mike Peplow, Chief Operating Officer at Paysecure, said: “The intelligence data we collect drives our AI analysis enabling real time decisions on routing, payment method and fraud management. Working with Yaspa not only provides a best in class open banking, but delivers access to account information that further enhances our ability to optimise payment selection, actively lower transaction risk and personalise the end customer experience. The partnership with Yaspa unites two data driven platforms to proactively support merchants transform their customer journey, offer more payment choice and better manage the transaction workflow.”

Paysecure was recently honored as the best newcomer at the Card and Payment Awards 2026. This came after the recent declaration of Paysecure’s fivefold rise in the number of merchants utilizing its technology. Its orchestration platform currently links merchants to more than 500 PSPs/acquirers and various alternative payment methods globally.

Yaspa was recently recognized by Sifted as the fourth fastest-growing start-up in the UK and Ireland. In the past year, it won the Real-Time Payments Innovation award at the 2025 Payments Awards and was included in CB Insights’ Top 100 Fintechs, a worldwide list that highlights the most innovative and promising companies influencing the future of financial services.

The post Yaspa and Paysecure Launch Advanced Payments Intelligence for Payment Providers appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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Central Register for Exclusion from Gambling

KSA Publishes Studies and Provides Guidance on the Duty of Care

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The Dutch Gambling Regulator (KSA) has published two studies and provided additional guidance on the fulfillment of the duty of care by online gambling licensees. The documents provide insight into practice and offer clarification on personal interviews and the submission of notifications for registration in the Central Register for Exclusion from Gambling (Cruks).

The KSA conducted research into these topics in 2025. The results were discussed in December 2025 during a roundtable discussion with license holders. During this discussion, practical experiences and bottlenecks were gathered. Based on this, the KSA has drawn up guidelines to provide more clarity regarding implementation.

Personal maintenance

The personal interview is a far-reaching intervention that license holders are required to implement when there is a suspicion of excessive gambling behaviour or gambling addiction. Research shows that license holders implement this differently and encounter bottlenecks, such as a low response rate from players. The guidance explains, among other things, the timing of the intervention, the form of contact and the content of the conversation. In doing so, room remains for customisation and professional judgment.

Notices

If a license holder observes serious signs of problematic gambling behaviour or suspects a gambling addiction, the player must be advised to register with Cruks. If the player does not follow this advice, the license holder must report this to the KSA (a notification). The KSA may subsequently decide to involuntarily register the player in Cruks.

The research shows that license holders apply this measure differently and that there are questions in practice regarding its implementation. For example, it is difficult for the license holder to verify whether a player has actually registered, and it is not always clear when a notification must be submitted.

The guidance provides practical explanation regarding this, including the timing of reporting and the information required.

Guidelines

The guidelines do not contain new rules, but provide further explanation regarding the application of existing obligations. This gives permit holders more clarity regarding the fulfillment of their duty of care.

The post KSA Publishes Studies and Provides Guidance on the Duty of Care appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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