The live casino specialist Evolution Gaming has been a market leader by most metrics since its launch in 2006. It is a B2B operator that licenses fully integrated live dealer games to online casinos. It operates nine studios and at the end of 2021 it had more than 1,000 live tables. The company is now working on the next stage of its expansion.
The latest move is a partnership with iGaming platform operator Bet365 to offer players an expanded portfolio of live casino games. This includes a number of baccarat tables, Asian games and even a handful of gameshow-style titles like Monopoly Live and Deal or No Deal Live. The company also offers progressive jackpots for blackjack, roulette and baccarat, although these are only available at selected Evolution gaming casinos.
Evolution is also a pioneer of augmented reality technology, which brings live dealers into the virtual world of a player’s browser. The company uses specialized cameras and special software to add an element of interaction to the live games. Players can use the controls on their computer to place bets or watch the game as it unfolds in a realistic environment.
Aside from its live casino offerings, Evolution has a solid portfolio of video slots and table games that is bolstered by acquisitions of leading slot developers. The most recent of these is Red Tiger, which gives the company a strong presence in the reel-spinning genre. However, it is its focus on live table games that has made the company a major success in Europe and the US.
Evolution has been expanding its studios around the world and now has facilities in Belgium, Romania, Malta and Poland. In addition to this, it has engineering hubs in the Netherlands and Estonia. Its global production capabilities are impressive. It is able to follow its clients into new regulated markets with little-to-no marketing expenses.
The company has been growing steadily for the past few years and the results are showing in its financial performance. Its revenue grew by more than 80% in the second quarter of this year. Its profit margins were 68.9% in 2021, which is very healthy for a gambling company.
As a leader in the live casino industry, Evolution has a large footprint in most of the countries that have legalized and regulated online gambling. The company is committed to working with regulators and operators to ensure that its games are played within the rules of their respective jurisdictions.
The company is a good investment for those interested in the live casino segment. It is one of the fastest-growing sectors of the iGaming industry and is expected to continue expanding in the future. In addition to its strong revenue growth, Evolution has a robust balance sheet that is free of debt and generates significant cash flow. Its dividend yield of 7% is a nice bonus. In the long run, the stock has a potential upside of more than 30%.
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