Interactive
LIVE CASINO SOLUTIONS EVOLUTION
continue without any significant negative side effects.
Evolution has been called a 'Lockdown Winner,' with stock gains of 140 per cent this year. Do you see this purely as a response to Covid or in terms of the trajectory of the Live Casino gaming offer from Evolution? And can it be maintained?
Te second and third quarters have been affected both positively and negatively by Covid. Te negative effect comes from the fact that we have reduced the number of tables that are operating, but at the same time it is reasonable to believe that there are some long- term positive effects on demand, as many new players have been introduced to Live Casino.
However, while Covid did have some positive effect in the second and third quarters it is important to stress that the underlying growth trend is unrelated to Covid.
Evolution’s €1.8bn acquisition of NetEnt has been widely lauded as game-changing for the online casino industry. What was the rationale behind the takeover?
Te merger of Evolution’s leading position in Live Casino with NetEnt’s strong position in the slots sector will create a best-in-class B2B provider with capacity to drive the digitalisation of the global gaming industry.
Over the past few years, Evolution has redefined Live Casino by creating the Game Show segment in Online Casino, combining core live products with RNG elements. For us to now also add slots and explore what can be done when combining elements from both verticals makes me very excited. To think about what can be created if we put the great minds from both Evolution and NetEnt in the same room.
We will definitely see more products that form a combination between live and slots. We need to build the products for the future. We need to constantly develop as our world does. Another focus over the past few years has been the US market, where Evolution has a leading position in Live and NetEnt has a leading position in slots. By targeting the market with a broad portfolio comprising the best of each vertical, we will be in an even stronger position to capitalise on the opportunities and growth in the US market.
As the largest live casino supplier in the industry, does the purchase of NetEnt signal an intention to expand into other verticals in the online gaming industry? How has the purchase shifted the dynamic and longer term strategy of Evolution?
P58 NEWSWIRE / INTERACTIVE / MARKET DATA
Entering other verticals is not on our agenda for the time being. Te strategy will not change with the acquisition of NetEnt, Evolution always strives to offer the best products for our customers and will continue to do so together with NetEnt. Everything we do is about one thing: to extend the gap to the competition and strengthen our market leadership, that will not change.
How will internal overlaps be managed across the two entities? Will NetEnt's online slots portfolio integrate with Evolution's live casino offering or will they remain separate entities?
Te combination of Evolution and NetEnt will be one entity, but we will continue to use both the NetEnt and Red Tiger brands.
Evolution Gaming has a particularly strong position within the US. What is the potential in North America for the company now that its offer includes NetEnt's portfolio as US states continue to open up for online casino?
NetEnt’s established US positioning combined with Evolution’s existing US studios and first- to-regulated-market strategy will put us in a favourable position to benefit from the ongoing regulation in North America. By joining forces, the combined company will significantly strengthen its position and be able to capitalise on future US market growth.
Earlier this year, Evolution secured a licence for entry into the South African market. What are your plans for the market and do you have your eye on additional/emerging markets in the next 12 months?
Tere is long-term potential in the regulated South African market as well as in many other markets that don’t get as much attention. We recently launched our games in Colombia and are excited about the opportunities there. Demand for Evolution’s games is truly global.
Into the New Year, what are the next steps for Evolution Gaming? And what are your expectations for 2021?
Tis year has been truly challenging, through hard work and dedication we have come through this extremely difficult situation in a good way. In the upcoming year, we have a lot of studio builds, customers to deliver to, games to develop and demands to fulfil.
In 2021, I see a fantastic opportunity in the US market. Te launch of our studio in Pennsylvania was an important step for us and equally important will be the new studio in Michigan, which we look forward to go-live with as soon as possible.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110
