Evolution releases another impressive Q2 report, continuing US growth
The live casino supplier gained access to several North American markets during the second quarter.
Evolution has published its financial report for the second quarter of 2022. Details of the report reflected company growth within the US, as well as in Canada.
The company reported a year-on-year increase in overall revenue by 34%, to $350m.
During Q2, the company signed an agreement with online casino brand PlayStar. Under the terms of the initial deal, Evolution will provide its online live casino and first-person RNG-based casinos games in New Jersey. The collaboration is in preparation for PlayStar’s debut into the US market, set to take place later this year.
Evolution continued its live casino expansion during 2022’s first six months. The company launched its live games in West Virginia and opened new studios in Spain and Armenia.
Evolution CEO Martin Carlesund said the company gained significant ground within the North American market during the second quarter.
He commented: “The operational delivery in the second quarter 2022 is nothing but fantastic and during the quarter we reached many and significant milestones. These include the new studio in Connecticut, opening of the regulated Ontario market, opening of the new studio in Madrid, opening of the new studio in Yerevan, launch of live games in West Virginia and started construction of an additional studio in New Jersey.
“All this on top of expansion all over the world adding close to 1,000 employees during the quarter shows the speed we are moving forward with.”
He went on to add that the company is focused on increasing its performance for the rest of the fiscal year.
“I am very proud of all achievements that the employees of Evolution have made during the quarter,” Carlesund said. “Even so, we need to be better tomorrow than what we are today, and we need to constantly challenge ourselves to perform better.”
Tags/Keywords
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
