€140 million in three months: Evolution's third quarter revenue
€140 million in three months: third quarter revenue Evolution recently presented its interim financial report for the third quarter (July-September). Revenue for the three months amounted to just over €140 million, up 48% on last year's result for the same period. Of the 140.best online casino australia fast payouts
020 million in revenue, employee expenses were 31.510 million euros, depreciation of equipment and loss of value were 7.156 million euros. Other expenses were 17.782 million. Profit before tax was 83.531, tax was 4.150 million. Among the significant events of the quarter were continued strong demand, receiving the 11th consecutive EGR B2B award in the Live Casino Supplier category. Expansion in the U.S. market and the opening of a studio in Pennsylvania. On that topic, Evolution Gaming and NetEnt may be twinning! Stock Buyback The report also highlighted the launch of Crazy Time, which has become very popular. According to the director, it is the company's most successful release to date, and punters love the innovative game format and the opportunity for big payouts. Due to the coronavirus, the company has had to reduce the number of running tables, but that problem is already being addressed. But as a result of the quarantine measures, demand for the company's services around the world has increased, so Evolution continues to expand its studios. This week, they launched a new mid-sized studio in Lithuania, described as the fastest and most efficient to build. Along with the recent expansion in Tbilisi, a new studio in Pennsylvania, expansions in Malta and New Jersey, and future construction in Michigan, we expect a major expansion in the near future. One of the big developments the director of Evolution calls the NetEnt acquisition: In the fourth quarter, we're looking forward to closing the deal with NetEnt.instant withdrawal online casino australia We see fantastic potential in combining the two companies and continuing to provide a better gaming experience for punters around the world.