Thursday, June 15, 2023

Evolution Gaming (NYSE: EVO)

 



Evolution Gaming is a powerhouse in the live casino business. With a large addressable market driven by industry tailwinds and operational excellence coupled with management’s product innovation DNA, the company is poised to continue growing for years to come.

The company specializes in live dealer table games and virtual casino games that are streamed directly from studios across Europe and North America. Evolution operates as a business-to-business supplier, licensing its software and tables to online casinos like DraftKings (DKNG 2.67%) or Penn National Gaming (PENN -0.41%). For every $100 in wagers at an Evolution-licensed casino, the company gets $10 back from the casino, with no need to fund customer payouts.

In a highly competitive market, Evolution’s reputation for high standards of security, fairness, and reliability is widely recognized by both operators and players. The company holds licenses from several regulated jurisdictions and has a strong track record of rapidly rolling out its products into new markets.

Currently, Evolution offers over 700+ live tables and game shows, running 24/7 from multiple studios in Europe and North America. Moreover, the company’s new Evolution First Person RNG virtual casino experience brings immersive fun to your desktop or mobile device.

With the company’s Evolution gaming extensive range of game types and betting options, Evolution has established itself as a benchmark in the industry. This is demonstrated by a huge number of Evolution-branded games being offered at leading online casinos. The most popular table games include blackjack, baccarat, and roulette. The company’s games are also fully optimized for mobile devices, providing a comfortable and enjoyable playing experience.

The team at EVO believes in a “players first” philosophy and strives to create innovative and entertaining games. This is reflected in the company’s culture and the fact that it invests heavily in player experience. The company also pays great attention to data analytics and continuous improvement. This allows it to improve the quality of its games and develop innovative solutions.

EVO is always on the lookout for talented individuals, both in its studios and the development department. In fact, the company has a dedicated talent program that helps employees develop their professional skills and personal growth through training and mentoring programs. It also provides opportunities to move between departments and pursue new challenges.

In an interview with the iGaming Podcast, CPO Todd Haushalter spoke about the importance of keeping the product division creative and introducing new concepts. He cites Amazon’s “innovate or die” mantra and says that the team at Evolution always thinks about what players want. He adds that CEO Martin Carlesund gives his team the freedom to innovate. This, combined with a strong focus on data and customer insights, has made EVO one of the most successful live casino companies in the world.

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