Evolution Gaming is one of the biggest names in the iGaming industry. It was founded 16 years ago and has become a powerhouse of live casino games in Europe and the United States. Its impressive growth has been fueled by strong industry tailwinds and its operational excellence. It also benefits from its nimble business model that allows it to pick up customers in new regulated markets with little-to-no marketing expenses. In evolution gaming , the company’s management team has a product innovation DNA that ensures it will continue to innovate and introduce new products.
While Evolution is known for its impressive portfolio of live table games and game shows, the company has also branched out into RNG online slots. The company’s acquisition of major slot suppliers like Red Tiger, Big Time Gaming and NetEnt has helped the company boost its RNG offerings. Consequently, Evolution has seen its revenue from these products grow faster than that of its live tables in 2021. Moreover, the company’s new OSS solution and the expansion of its studios in the US have further contributed to its growth.
Although the live casino segment remains the most significant part of its overall business, Evolution aims to increase RNG games’ market share as well. Its new studio in New Jersey and the planned opening of new studios in Pennsylvania and Connecticut will help it gain a foothold in the lucrative US online gambling market, which should help it grow its overall revenue over the long run.
The company has obtained licenses and certificates from some of the world’s most reputable gaming regulators, such as Alderney Gambling Control Commission, UK Gambling Commission and Belgian Gaming Authority. This enables its partners to offer top-quality live casino Evolution gaming content that complies with international regulations, sifting out bad actors and providing players with a safe environment. This has helped to create a stable environment for the company to invest in future-proof technology and deliver a consistent and sustainable stream of revenue.
In addition, Evolution has started to expand into a number of newly regulated markets with its live casino offering, including the United States. It has already launched Lightning Roulette in New Jersey and is planning to open studios in other US states as they begin to regulate. The company’s US operations have the potential to be a substantial source of revenue for the company in the years ahead as each state begins to regulate its online casinos.

However, the latest complaint against Evolution raises concerns about its integrity and could draw increased scrutiny from regulators, which is a negative development. The company has denied the allegations and claims that it has the ability to detect whether a player is located in a sanctioned country, but it will not disclose players’ locations unless they use sophisticated technical manipulation of virtual private networks. Nevertheless, this complaint does give the industry a bad name and may deter prospective investors. Therefore, investors should carefully weigh this issue before making a decision to own the stock.