Evolution, one of the world’s most recognizable gaming technology solutions providers, has recently released its year-end report for the 2021 calendar year. The report details very impressive figures for the company which has been aggressively pursuing expansion across its key markets in the United States and Latin America.
As revealed by the report, Evolution saw an outstanding 69 percent increase in its operating revenue for the fourth quarter of 2021. This, in turn, pushed its annual revenue to a whopping $1.14 billion.
Strong Demand for Live Casino and RNG Segments
All the growth recorded in Evolution’s report was primarily driven by a massive surge in demand for its Live Casino product. Compared to the previous year, Live Casino revenue for the company increased by 48.6 percent. It is also worth noting that the live casino segment generated over 75 percent of the company’s revenue in the fourth quarter of 2021.
Its Random Number Generator (RNG) business also performed quite well. The segment brought in over $60 million. This was a modest 9.4 percent increase from what the sector recorded in the previous year.
“The fourth quarter of 2021, with continued top-of-the-line results, reflects the strength in our scalable business model and the value of our strategy to focus on the player experience. Top-line growth continued to be driven by strong global demand for Live Casino, but was also positively impacted by the increased revenue from the RNG business.”
Evolution CEO Martin Carlesund.
Evolution kicked off the new year with more than 1,000 live tables in its portfolio. More than 300 of those tables were added in 2021 which goes to show how dedicated the company is to grow its footprint further.
More to Come in 2022
Earlier this month Evolution revealed that it has gone live with the Ruby Lounge, a complete dedicated online live casino environment. This is targeted at the customers of all ComeOn Group brands across multiple markets. The ComeOn Group and Evolution have been partners since 2013 and this extension further strengthens their market presence.
Similarly, Evolution has also recently renewed its existing US agreement with FanDuel Group. As per the terms of the renewed agreement, it becomes FanDuel’s sole provider of live dealer table games across the entire regulated US online gaming market. Both companies have a lot of optimism when it comes to the potential of the live casino vertical in the country.
All these will certainly play a role in the financial outcomes we are expected for Evolution in 2022.
