Evolution is raking in the dough with explosive growth

Evolution Gaming has experienced a 53% growth in revenue year on year. The company has a live dealer studio opening in Michigan. The third quarter of 2021 saw operating revenues up 97% to EUR 276 million and EBITDA increasing 113%.

Evolution is raking in the dough with explosive growth. Live casino growth exceeded pre-pandemic levels. RNG numbers also grew, but not as much as CEO Martin Carlesund would like. Evolution is expanding into the regulated American and Canadian markets. Connecticut will be the 4th studio Evolution operates in US. It will also be 4 th province in Canada to go live from Canadian studio. The company introduced NetEnt games in Michigan in January and launched its live casino in Connecticut at the beginning of the quarter.

DigiWheel was acquired by Carlesund this quarter. New studios are under development in Madrid and Yerevan. The company is in the process of "reshaping" its RNG business and rebuilding the NetEnt technical platform.

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