Live Casino Gaming Reaches €1 Billion Mark
Evolution, the leader in live casino gaming entertainment, has had an impressive year ending 2023 with €1.07 billion in net profit.
Live Casino Gaming Hits Record Highs
When we speak of live casino gaming entertainment, the first name that pops up, whether among veterans or newbies, will always be Evolution.
This impressive software provider has been behind the best and most successful live casino games and innovations. The company ended 2023 on a high note, bringing in a solid net profit of over €1 billion.
One of Evolution’s missions is to continue growing and expanding its global reach. According to Evolution Group CEO Martin Carlesund, 2023 was a big year of growth for the company.
A Year of Growth
The company had a 27% net profit line increase, totalling an impressive amount of €1.7 billion. They had €93 million in investments in 2023 rather than the expected €120 million.
If they can’t expand fast enough in 2023, the capex guidance of €120 million will be repeated for 2024. Despite falling behind, Evolution had an impressive year, ending with gaming revenue increasing by 16.6% to €475.3 million.
Most of the income was generated from the live casino division. Evolution recently added an RNG offering to expand into other gaming verticals. Still, despite the popularity of slots and other games, live casino gaming accounted for 84.7% of the €1.80 billion in revenue from 2023.
Carlesund states that the company remains profitable and that they are looking forward to what 2024 will bring.
According to the Evolution CEO, the company sees an increase in interest in the live casino department and that, as a company, they will be investing more into new game development and expanding the table capacity for their existing networks. You can also expect to see 4 or more new studios in 2024, starting with the acquisition of Livespins.
Top Evolution Casinos
Live Casino Gaming FAQs
💰 What was the net profit of the Evolution live casino vertical for 2023?
Evolution Gaming brought in a record-breaking €1.07 billion.
♥️ What games does Evolution Gaming offer?
Evolution has an impressive portfolio of live casino games and recently added an RNG section.
🃏 Will Evolution be adding new studios?
Yes, Evolution will expand its table capacity on existing networks and add at least 4 new studios throughout the year.
🆕 What can we expect from Evolution Gaming in 2024?
The company continues to focus on expansion with more games and acquisitions. With a large focus on new game developments.
🎮 Where can I play Evolution live games?
Any top live casino will have Evolution gaming titles you can choose from. We recommend Videoslots Casino, Bitstarz Casino, and Betsson Casino.