Evolution Gaming Set to Conquer New Jersey

Staff Writer Industry News, Evolution 3,743

After the eventful few months in the American state of New Jersey, another online software provider is targeting the state for further geographical expansion.

Riga based Evolution Gaming is ready to go live in New Jersey launching its live casino studio with 10 tables in the following two months. The firm has already outlined the plans for growth in the United States in its H1 financial results.

Slow and Steady Wins the Race

In the period between January and July 2018, conclusive with 30 June, the live casino specialist saw operating revenues up by 35% to €110 million, with EBITDA having surged by a similar amount to €48 million. Additionally, Evolution’s share price rocketed by more than 10% following the release of these results.

The firm confirmed that one of the main reasons of the “clear progress” was the success in New Jersey, as well as the new contracts signed with Atlantic City’s Ocean Resort Casino and operator 888.

More to Come

As if the current offering were not brilliant, the provider is intending to make 10 tables with Live American Roulette, Blackjack, Baccarat, Three Card Poker, Ultimate Texas Hold’em and Slingshot Auto Roulette to go live by the end of Q3.

Martin Carlesund, Evolution’s CEO, has commented, “More games and tables will then be released gradually, including dedicated tables for specific operators.”

Regarding the incredible demand for the tables, Carlesung has added, “[We] expect to have a total of more than 500 in operation at the end of the year.”

They are also improving the overall performance of the tables.

“Similar to our historical pattern, we are leveraging our size and utilising our expanded resources for optimum efficiency, with each new table being optimised and delivering more over time.”

Carlesund has emphasised that Evolution is devotedly working on expanding “the gap between [them] and [their] competitors.”


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