Evolution Gaming experiences revenue increase as provider sets out 2022 vision

Evolution Gaming experiences revenue increase as provider sets out 2022 vision

On the day that Evolution Gaming, also known as Evolution, released its year end report, the gaming giant and live casino content specialist revealed that it has experienced revenue increases last year, some of which was ‘above plan’ in certain verticals and the firm has set out its vision for the year ahead.

Towards the end of last year, the fourth quarter was promising for the world’s biggest live dealer game provider in that it produced excellent results for the business, which were attributed to the scalable business model along with a strategy that focused on player experience.

During this same period, Evolution experienced an increase in revenue by almost 70 percent, in part due to an increased demand for live casino products and services around the world.

What’s more, the firms RNG segment also experienced a revenue increase, meaning that both RNG and Live product verticals were up compared with the same period in the previous year, and comparing ‘well’ to the pre-Covid pandemic growth rates.

According to reports, the RNG revenue was above planned figures for the fourth quarter compared with the same period in the previous year, which was in-part due to the new games offering and the brands OSS solution that provides single integration to operators.

Evolution is currently one of the world’s leading providers of live casino games and RNG titles, particularly slots, and the firm has outlined its vision for the coming months of the year, stating that 2022 is going to be the year of ‘product and innovation’.

Reportedly, there are a total of 88 new game releases planned for this year, as outlined by a major product launch event that took place yesterday.

With end user satisfaction at the heart of Evolution’s vision and ambitions, the provider will release a series of games across its multiple product verticals, starting with first quarter releases such as Bac Bo and Peek Baccarat – a simplified baccarat style game and unique creation of the classic table game respectively.

Additionally, two big-hitter online slots are planned for the second quarter of 2022 from Evolution’s NetEnt and Red Tiger brands by the titles of Knight Rider and Narcos Mexico.

Evolution CEO commented on the results from the year end report, ambition and vision for the remainder of the year:

The strong demand for online casino across the globe continued in the fourth quarter, and our expansion in studio capacity is set to follow suit. We exit 2021 with over 1,000 live tables, an increase of over 300 tables during the year, the largest increase in a single year…

We continue to move full speed ahead. Yesterday’s 2022 product roadmap announcement set the tone for what will be an exciting product year where we will continue our relentless focus to take the player experience to the next level and increase the gap to competitors.

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