Evolution Gaming specializes in live casino games. It licenses its software and tables to online casinos that then broadcast the live games over the internet. The company operates a B2B model, with revenue coming from a 10% take rate on each $100 of bets placed on its games by casino players. As a result, the company does not have to bear the risk of player payouts and does not need to make sure that players are legitimate.
The company has a large addressable market with increasing regulations and higher internet penetration rates driving growth. In addition, the management team has a strong track record of operational excellence and product innovation. The company also benefits from tailwinds with the rapid rise in online casino industry, especially in Europe and North America.
Since its launch in 2006, Evolution gaming has become by most measures the industry benchmark in live dealer table games. The company has a reputation for pushing the boundaries and doing what no one else has done before, and its commitment to quality is unrivalled. It is no wonder then that Evolution has earned the name of being a game changer in the iGaming world.
In 2022, the company is a leading supplier of live casino games with over 1,000 tables in nine major studios. The company has built a strong presence in the European market, but it is also expanding into the US with Lightning Roulette launching at online operators in New Jersey. Moreover, it is continuing to grow its studios with another in Madrid recently opened and a new Connecticut studio opening later this year.
The company has a long history of working closely with brick-and-mortar casinos to deliver the best possible gaming experience. As a result, its dealers have a deep understanding of how players interact with the game, and they know how to handle various scenarios that may arise at the live casino table. The company has also developed its own HD cameras and streaming technology, which ensure that the games are played in the highest quality possible.
Some of the most popular games include Blackjack, Baccarat, and Roulette. These games offer a variety of different betting options and strategies, which means that players can find the game that suits their style of play. In addition, some of these games have progressive jackpots that can grow to millions of dollars.
In addition to the standard table games, the Evolution gaming platform offers a number of other innovative features that have made it stand out from the competition. For example, the software enables players to chat with other players while playing games, making the games more social and immersive. It also has an intuitive layout that makes it easy for players to navigate and find the games they want to play.
In addition to the aforementioned features, Evolution has been working on a range of other innovations. These include Evolution First Person RNG-based casino and game shows that provide immersive experiences with high-end graphics and sound. The company is also adding more side bets and tweaking existing games to make them easier to play.