Evolution Gaming profit up nearly three-fifths in 2016

Live dealer online casino technology outfit Evolution Gaming saw its revenue rise by more than one-half in 2016 as customers demanded greater choice from online gambling operators.

Figures released Thursday show Evolution’s revenue rising 53% to €34.3m in the three months ending December 31, while earnings rose 39% to €13m and profit gained over 30% to €9m.

For the year as a whole, revenue was up 51% to €115.5m, earnings rose 44% to €44.6m and profit soared 58.5% to €31.7m. Evolution’s phenomenal growth was reflected in its payroll, which grew from 1,922 warm bodies at the end of 2015 to 3,402 as of December 31, 2016.

Evolution CEO Martin Carlesund celebrated a very successful year, which happened to mark the company’s tenth anniversary. The year saw Evolution launch new dedicated live dealer environments for a number of clients, including 888 Holdings, Virgin Games and GVC’s Bwin brand, and opened the Romanian regulated market’s first live casino.