{"id":247,"date":"2024-06-25T23:47:11","date_gmt":"2024-06-25T20:47:11","guid":{"rendered":"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/25\/evolution-reports-strong-q1-2022-results\/"},"modified":"2024-06-25T23:47:11","modified_gmt":"2024-06-25T20:47:11","slug":"evolution-reports-strong-q1-2022-results","status":"publish","type":"post","link":"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/25\/evolution-reports-strong-q1-2022-results\/","title":{"rendered":"Evolution Reports Strong Q1 2022 Results"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/JoU8ZloajbA\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Development continued its robust expansion in the initial period of 2022, with its fundamental live casino division earnings rising by 38.6% to \u20ac326.8 million.<\/p>\n<p>Live dealer game earnings continued to expand quickly, increasing by 44.3% to \u20ac264.5 million. The operator&#8217;s chief executive, Martin \u00d6berg Carlson, highlighted that this growth is noteworthy as the first-quarter figures are more than twice the total for the initial period of 2020.<\/p>\n<p>&#8220;We encountered exceptional expansion in the first half of 2021, so the comparable figures were demanding,&#8221; he stated. &#8220;The beginning of 2022 has been positive, and the entertainment and excitement provided by live games continue to draw new and existing players to our games.&#8221;<\/p>\n<p>Earnings from random number generator (RNG) games grew at a slower rate, increasing by 19.3% to \u20ac62.3 million. Nearly all of the growth was attributed to the addition of Big Time Gaming, the creators of Megaways, as RNG earnings would have only increased by 1.8% if the division was included in the first quarter of 2021. Carlson said this was &#8220;in line with expectations.&#8221;<\/p>\n<p>&#8220;In the end, end-user satisfaction is crucial, and achieving this is not a one-time occurrence,&#8221; Carlson said, referring to the RNG division. <\/p>\n<p>The route to achievement may not be a direct path, but our objectives and aspirations are evident, and I am certain we will achieve our growth targets.<\/p>\n<p>Dividing income by area, Northern Europe and the United Kingdom generated \u20ac21.8 million, an increase of 32.9% and 1.8%, respectively. The rest of Europe was Evolution&#8217;s largest market, generating \u20ac108.8 million, an increase of 4.5%.<\/p>\n<p>Asia was the region with the fastest growth, with revenue increasing by 94.4% to \u20ac103.4 million. North America saw revenue rise by 70.4% to \u20ac36.8 million, while the rest of the world saw revenue increase by 79.6% to \u20ac34.3 million.<\/p>\n<p>Evolution noted that its share of revenue from regulated markets remained steady at 40%.<\/p>\n<p>Costs also increased, but at a slower rate, rising 27.0% to \u20ac119.7 million. Personnel costs were the biggest expense, at \u20ac63.5 million, up 30.1%. Depreciation, amortization, and impairment costs rose 22.1% to \u20ac22.6 million, while other operating costs increased 24.9% to \u20ac33.6 million.<\/p>\n<p>This resulted in an operating profit of \u20ac207.1 million, an increase of 46.2%.<\/p>\n<p>The company recorded a profit of \u20ac4.3 million on financial items, leading to a pre-tax profit of \u20ac211.4 million, an increase of 50.2%.<\/p>\n<p>After paying \u20ac13.7 million in taxes, Evolution&#8217;s profit was \u20ac197.7 million, an increase of 49.8%.<\/p>\n<p>Subscribe to the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Development continued its robust expansion in the initial period of 2022, with its fundamental live casino division earnings rising by 38.6% to \u20ac326.8 million. Live dealer game earnings continued to&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Live Casino Growth Soars in 2022<\/title>\n<meta name=\"description\" content=\"Live dealer game earnings skyrocketed in Q1 2022, exceeding 2020 figures by a significant margin. 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