Evolution gaming is a leading live casino developer that licenses its software and tables to online casinos like DraftKings (DKNG -1.74%) and Penn National Gaming (PENN -0.92%). The company’s business model is incredibly profitable, with revenue growing almost 30% last year and generating substantial free cash flow. However, its business-to-business (B2B) model means that it has to wait for its customers to make money from their products before the company sees any revenue.
The company has seen its share price take a beating after allegations that it had been rigging its games. However, the company rebuffed these claims and said that the allegations were unfounded. It has started an internal review of its operations to prepare for any questions from regulators like New Jersey’s Division of Gaming Enforcement.
Since its launch in 2006,Evolution gaming has grown rapidly. The company now has nine major studios with over 1000 tables, 2,500 dealers and extensive language capabilities allowing for localised dealer chat. The games are also optimised for mobile devices, with the software corresponding to the rotation of the screen to give players the best experience possible on their phone or tablet.
Unlike the virtual casino environment that many players are used to, a live game is a more immersive experience, with real people in real locations dealing cards and interacting with each other. This adds to the excitement and makes for a much more realistic gambling experience. The company’s games are designed to be fair and honest, with no advantage being given to one player over another. The company also has a number of mission control rooms in Malta and Latvia that monitor gameplay 24/7 to spot potential issues such as wheel clocking or players using illegal programs to predict the outcome of a spin.
In addition, the company recently made a big push into the US market with a purpose-built studio in Atlantic City to serve New Jersey licensed operators. This was a first for the industry and shows how serious evolution is about establishing itself as a global leader in the field.
With a reputation for delivering quality gaming experiences, it’s no wonder that more and more online casino sites are choosing to use evolution games. With new releases coming out all the time, the choice of where to play is only going to grow. It’s well worth checking out the list of available sites to find out if there is an evolution casino that suits you. You can even use a tool to uncover their details in less than 30 seconds. It’s the fastest way to get their contact information without having to search Linkedin or any other site! Click here to try it out.