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Evolution: Betting on steady growth in new markets with M&A

Thiveyen Kathirrasan
Thiveyen Kathirrasan • 4 min read
Evolution: Betting on steady growth in new markets with M&A
Evolution’s key segment is its live casino, from which it derives around 80% of its revenue. Photo Credit: Bloomberg
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Stockholm-listed Evolution develops, produces, markets, and licenses fully integrated live casino solutions to online casino operators. The company’s customers include prominent online gaming operators worldwide and several land based casinos that have expanded online.

Evolution’s revenue model consists of commission fees and fixed fees for dedicated tables. Dedicated table fees are monthly service charges to operators who have opted to provide dedicated tables for their end-users. Evolution’s key segment is its live casino, from which it derives around 80% of its revenue.

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