Uncategorized
Evolution Publishes Interim Report for the First Quarter of 2022
Gambling technology supplier Evolution AB has published its interim report for the first quarter of 2022.
Highlights
- Operating revenues increased by 38.6% to EUR 326.8 million (235.8)
- EBITDA increased by 43.4% to EUR 229.7 million (160.1), corresponding to a margin of 70.3% (67.9)
- Profit for the period amounted to EUR 197.7 million (132.0)
- Earnings per share before dilution amounted to EUR 0.93 (0.62)
Events During the First Quarter of 2022
- In the quarter, 747,000 own shares were acquired. A total of 1,905,865 shares have been acquired and the repurchase programme, announced on 3 December 2021, is thereby completed.
- Launch of Lightning Roulette in New Jersey with other states to follow.
- After the end of the period, Evolution went live with an extensive set of online casino services for multiple operators in the new regulated online gaming market in Ontario, Canada.
- After the end of the period, the first tables are live in our new Madrid studio.
CEO’s Comments
“I’m very happy to see the great work of all Evolution employees producing yet another strong quarter. We continued the strong development from 2021 also during the first quarter of this year. Revenues in the quarter increased by 38.6 percent to EUR 326.8 million, supported by continued strong demand for Live Casino, and the EBITDA increased to EUR 229.7 million, which corresponds to an EBITDA margin of 70.3 percent.
Looking back at the start of this year the developments outside of Evolution are very much in my thoughts. Even though we were happy to see the effects of the pandemic slowly subsiding in Europe and North America during the quarter our attention moved to the war and the humanitarian catastrophe in Ukraine created by the unprovoked invasion from Russia. At the start of the war Evolution had approximately 100 co-workers based in Kyiv. As for now, the war has limited direct financial impact on our business but emotionally it has affected us all. We will naturally continue to follow the development closely.
The first quarter for Live Casino has started very well with good momentum on most metrics resulting in a strong growth of 44.0 percent. We experienced exceptional growth in the first half of 2021 so the comparable figures are demanding. 2022 has started very well and the entertainment and excitement that Live games offer continues to drive new as well as existing customers to our games.
RNG growth of 1.8 percent year on year pro-forma is in line with our expectations. While structural efforts, such as the One Stop Shop and other cross sales activities are important elements, at the end of the day the key for improved growth is developing great games to all players. End-user satisfaction is always key and taking us there is not done overnight. The road to success will not be straight-lined but the focus and ambition is clear and I’m convinced that we will reach our growth ambitions over time.
The EBITDA margin of 70.3 percent is a step up from the same period last year and within our guidance of 69-71 percent for 2022. I’m happy with this delivery during Q1, especially considering the situation in the world with general cost increases not only relating to transport and energy. Looking ahead we see that the guidance of 69-71 percent EBITDA margin remains.
For us at Evolution, launching new games is what we live for. Creating new fantastic end-user experiences and simply put – to innovate! New games build loyalty among our existing players, introduce existing players to new games they have not played before and attract completely new categories of players. In Q1 we launched Bac Bo, a unique dice game which combines elements of the classic games Baccarat and Sic Bo. We also released Peek Baccarat which is another version of the classic Baccarat. In the quarter we also introduced new RNG titles such as Narcos Mexico and Knight Rider, as well as home grown brands like Doggy Riches Megaways and Zillard King. During the remaining part of the year, we have a very strong line up of new games both in RNG as well as in Live – a very exciting time indeed.
There is a continued strong demand for online casino across the globe. In North America we continue to expand all our studios, with Connecticut as the next studio to be launched during 2022. In Asia we also continue to experience good growth, while the more mature European markets are, in general, in slower growth mode – some due to regulatory changes affecting operators. However, we still see growth opportunities in Europe. LatAm also offers good potential going forward and continues to develop with several markets in discussions regarding regulation of their market for online gaming.
As I write this we are in the final preparations of Go-Live in our new studio in Madrid and as you read this the first tables are just opening! Also, we are moving closer to open our Yerevan studio to add even more capacity to the Evolution network. A lesson learned during the pandemic years is to not be too dependent on any one studio. Today we can efficiently allocate our resources within our network of fifteen studios and shift resources from one site to another when needed, without any impact on our delivery capacity. As we add studios to the network this becomes even more of a strength benefiting our operators. As earlier communicated, we expect total investments in new studios to increase also in 2022.
We are well on our way into 2022, leaving the first quarter with good delivery and momentum. We strive to be better every single day, every single one of us, and we fight every day to increase the gap to our competitors. With our 88 new games 2022 we have shown what thousands and thousands of fantastic Evolution employees can achieve together. Evolution is a workplace where everyone is accepted and respected. Together, we hope for a brighter end of 2022 than the beginning.”
Powered by WPeMatico
Uncategorized
Million Games and Black Cat Launch Island Ices – A Tropical Slot with Free Spins, Multipliers & Instant Cash Wins
Million Games and partner studio Black Cat are excited to announce the release of Island Ices, a vibrant 5×4 slot packed with tropical charm and rewarding mechanics. As the second game from Black Cat under the Million Star partner programme, Island Ices brings a refreshing low-volatility experience with a polished aesthetic and summer-ready features.
Designed for players who love quick-paced, feel-good gameplay, Island Ices features:
-
20 paylines
-
96.3% RTP
-
Free Spins with multipliers up to x10
-
A Prize Collection Bonus Game worth up to 1,750x the player’s bet
A Game Built for Laid-Back Spins and VIP Wins
Set against the backdrop of a luxury island resort, Island Ices takes players from sun-soaked afternoons by the pool to nighttime VIP beach parties, complete with fireworks and instant-cash cocktails.
Landing 3 or more VIP Ticket symbols triggers the Free Spins bonus game, Beach Party style, awarding up to 15 Free Spins with multipliers of x2, x5, or x10. During Free Spins, cash-filled Cocktail symbols become more frequent, turning every spin into a shot at a bigger prize.
The Prize Collection Bonus Game is activated by landing 3 or more Cocktail symbols, clearing the reels and replacing them with instant-cash values only. Players begin with 3 ice cubes—each spin uses one, and every new cash symbol refills them. The feature ends when no ice cubes remain or the grid is full.
Million Star Innovation Meets Summer Style
“Island Ices is a great example of how strong themes and smart mechanics can create something players genuinely enjoy,” said Thomas Nimstad, CEO of Million Games. “Black Cat has followed up their debut with a beautifully executed second release that brings fresh flavour to the lobby without overwhelming complexity.”
With a light, tropical theme and strong feature set, Island Ices offers a flexible, low-volatility experience built to appeal to a wide range of players. The game follows the successful launch of Captain’s Curse and marks another creative step forward for Black Cat under the Million Star programme.
Island Ices is now live across all Million Games partner platforms.
The post Million Games and Black Cat Launch Island Ices – A Tropical Slot with Free Spins, Multipliers & Instant Cash Wins appeared first on European Gaming Industry News.
Uncategorized
Esports Charts named finalist for Esports Awards’ Content & Coverage Platform of the Decade
Esports Charts, an analytics company that aggregates real-time viewership insights about esports, has been shortlisted for Esports Coverage Platform of the Decade at the Esports Awards 2025, one of the industry’s highest honors. The nomination follows Esports Charts’ win in the Content & Coverage Platform category in 2023 and now places the platform among the most impactful names of the past ten years.
“Incredible to see Esports Charts being nominated for the third year in a row—especially in this special Decade edition, which celebrates long-term impact in the esports industry. It’s a proud moment that reflects years of dedication to delivering high-quality analytics and insights to the global esports community.
We’re excited to continue this journey as part of AWERTI’s growing ecosystem of top-tier analytics platforms and will continue to create useful tools for the esports industry worldwide.”Artyom Odintsov, co-founder and CEO of Esports Charts
The 2025 edition of the Esports Awards is a special one — the Decade Awards — celebrating the most influential names of the past ten years. Winners are determined through a two-part process: public voting (worth 25% of the final result) and panel voting by industry experts (worth 75%).
As the final week of voting begins, fans can take part in the special ‘turbo’ phase, where each vote counts double. Public voting is open on the official website until August 11. The awards ceremony will take place at the end of August during the Esports World Cup, as part of a three-year partnership between the two events.
The Esports Awards 2025 will honor achievements across 14 categories, including Esports Game of the Decade, Esports Personality of the Decade, and Streamer of the Decade. The nominees list features many of the industry’s most iconic names, with stars like Oleksandr “s1mple” Kostyliev and Lee “Faker” Sang-hyeok recognized in multiple categories.
The post Esports Charts named finalist for Esports Awards’ Content & Coverage Platform of the Decade appeared first on European Gaming Industry News.
7777 gaming proudly announces the launch of its innovative portfolio of online casino games in Rizk Casino, a prominent brand under the Betsson Group, now available in Serbia. This strategic move marks a new chapter for both companies, as more than 100 exclusive 7777 gaming titles are now live for Serbian players through Rizk.
This rollout is a major milestone in 7777 gaming’s expansion across the Balkan region, further strengthening its presence and underlining Serbia’s importance as a key market for the company’s B2B growth strategy.
Players at Rizk Casino in Serbia can now enjoy a thrilling selection of 7777 gaming’s top-performing games, including fan favorites like Cash 100 Bucks, Thracian Treasures, Greenhats’ Megawins, Barbarian, and Devil’s Deal: Soul for Sale, all tailored to the preferences of the local market.
Elena Shaterova, CCO at 7777 gaming, commented: “We are thrilled to partner with Rizk Casino and bring our standout portfolio to players in Serbia. This launch is not just an expansion — it’s a statement. Serbia is a thriving market and part of a region we’re deeply invested in. Working with a respected brand like Rizk, under the Betsson Group, allows us to showcase our exclusive content and deliver next-level entertainment to Serbian players.”
This launch reinforces 7777 gaming’s commitment to delivering localized, engaging, and high-performing gaming content across regulated markets, with the Balkans remaining a key focus for continued expansion and partnership.
About 7777 gaming:
7777 gaming is an innovative and data-driven B2B igaming provider, founded in 2020 with the mission to revolutionize and challenge the status quo in the industry by offering 360-degree platform, state-of-the-art online casino games, iLottery, Jackpot, and marketing solutions, draw-based games, scratch cards, and much more.
The product is built by a dedicated team of visionaries with over 20 years of experience. The games and the RNG are tested and compliant in several highly regulated jurisdictions worldwide. Besides, the company achieved and maintained ISO 27001 certification. 7777 gaming holds a gambling license in Bulgaria and Romania and an MGA Certificate to provide its online casino games to these markets.
7777 gaming is already partnering with the leading aggregators and platform providers in the igaming industry.
Contact us:
Social Media:
Youtube
The post 7777 gaming goes live in Serbia with Rizk Casino, part of the Betsson Group appeared first on European Gaming Industry News.
-
Africa6 days agoAccelerating Ambitions in Africa: SYNOT Games Teams Up with Codium
-
Canada6 days ago
Tsleil-Waututh Nation Signs MoU to Acquire Casino Business at Hastings Racecourse & Casino
-
Andreas Rentner7 days ago
Zimpler Becomes Certified Payment Institution in Brazil, Strengthens Local Open Finance Ecosystem
-
Africa5 days ago
Uganda: National Lotteries and Gaming Regulatory Board and Uganda Police- Rwizi Region Deepen Ties in Enforcing the Gaming Law
-
Australia7 days ago
ACMA: Four Betting Services Breach Gambling Self-Exclusion Rules
-
Conferences6 days ago
Win Systems will showcase its new range of Gold Club Colors electronic roulettes at PGS.
-
Asia7 days ago
BetConstruct Wins “Digital Sports Betting Supplier of the Year” Award at Global Gaming Awards Asia-Pacific 2025
-
Balkans7 days ago
Merkur Showcased its Latest Product Portfolio at Belgrade Future Gaming
