Evolution — report for Q3 (HOW THEY EARN THAT MUCH?)

[jordanw21]

Evolution — report for Q3 and the period from January to September 2023

Q3 results (3 quarters of 2023):

1. Operating revenue — +19.6% (452.6M EUR);

2. EBITDA — +22.1% (318.6M EUR);

3. Net profit for the period amounted to EUR 272.8M (Q2 — EUR 221.3M).

Results from January to September 2023:

1. Operating income +26.1% (1.3B EUR);

2. EBITDA +27.6% (930.5B EUR);

3. Net profit — EUR 788M (similar period last year EUR 619.9M).


Evolution shows, maybe not spectacular, but quite stable results. The CEO of the company claims that in Q3 the company released more games than ever. At the same time, the most confident growth is shown by Live products. Also, according to him, the US online gambling market is still at an early stage of development, and the company will continue to invest a significant amount of funds in it in order to occupy a leading position there in a few years.


I have question - how do they make that much money if their games are fair?

Their profit per month is 73.7666667M, le'ts imagine this is 20% of total comission...And it's shocking. Don't they suppose to have negative months, or years? Like operators have?

I mean, all of this videos of their rigged game shows, blackjacks...I'm about to think that all of them are true

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[cryptomaniac_xxx]

Well if you will question them then you have to question their source as well. Nevertheless, it's gambling and we all know that it's a worldwide phenomena. So there could be thousands in a given day playing and then losing big money. Not saying that it is accurate, but the amount of money flowing in casinos today are really huge as there are a lot of individuals that have been addicted already.

It's really hard to question though if their games is rigged or not or they collude with others. Maybe as gamblers it's our responsibility to check whether they are provably fair or not. But who does it? Everyone just wanted to play, from dice game, to roulette to card games that Evolution gaming has.

[vennali]

~snip~


I have question - how do they make that much money if their games are fair?

Their profit per month is 73.7666667M, le'ts imagine this is 20% of total comission...And it's shocking. Don't they suppose to have negative months, or years? Like operators have?

I mean, all of this videos of their rigged game shows, blackjacks...I'm about to think that all of them are true

They are the most popular live casino and they are available in literally every sportsbook that exists. I'm sure, since the pandemic their revenue must have skyrocketed as its a lot more accessible than a real casino and anyways, most casino's were closed during the pandemic or had a very limited access.

They don't really need to rig their games to profit as you know "house always wins". A lot of user funds are being liquidated into games at the same time. As they have commission for every game that exists, from about 5% to 20% or even more for slots?. As long as users stay active on the casino, they should theoritically always profit. Other than a few freak instances, for which, the casinos have failsafe(to an extent). If a user is winning a lot, most casinos will just shut doors to the user or even confiscate funds if they find anything even remotely fishy. Ofcourse, rigging games would help to profit much larger than what would be otherwise possible but if could get very obvious if the total amount gambled on the casino and their revenue are transparent to gaming commission.

[serveria.com]

They don't really need to rig their games to profit as you know "house always wins". A lot of user funds are being liquidated into games at the same time. As they have commission for every game that exists, from about 5% to 20% or even more for slots?. As long as users stay active on the casino, they should theoritically always profit. Other than a few freak instances, for which, the casinos have failsafe(to an extent). If a user is winning a lot, most casinos will just shut doors to the user or even confiscate funds if they find anything even remotely fishy. Ofcourse, rigging games would help to profit much larger than what would be otherwise possible but if could get very obvious if the total amount gambled on the casino and their revenue are transparent to gaming commission.

This. I fully agree, you don't have play unfair to earn lots of money in gambling. Besides, they are one of the leading live gaming stream providers I guess. And yes, the house always wins that's pure math, so I can't see the way they can record losses.

[yahoo62278]

It's pretty easy to see why they make so much based off the games they offer. For example, go look at blackjack and their rules. They are not like a normal casino who checks the down card, hidden blackjack is possible. They also don't offer certain things that live casinos might like even money. If you have a BJ and the dealer is showing an A you can take even money instead of hoping the dealer doesn't have a 10 card down. Just all sort of little things that give the casino a huge advantage over the player, not to mention people play the game terribly. I sit and watch people stand on 14 and 15 vs a 10 all the time. All they are doing is saying, "here, take my money".

Now look at games like crazy time. 8 betting options with different amounts of winning spaces per option. If someone sits back and just bets the bonuses every round, they will lose their ass so fast as when bonuses hit they normally pay trash. So I play 10 rounds betting $1 on 4 different bonuses. That's $4 per round and $40 over the 10 rounds. Let's say I hit coin flip and in the coin flip bonus we get a x10. I get $11 back and a net loss of $29.

What it boils down to is gamblers are dumb as hell for choosing to play on evolution or at least some of the gambling options they offer. All the wheel games are a scam IMO. I have witnessed many times a player go on a hot streak in blackjack and walk away with a profit. It's just the odds are against you.

[BitcoinPanther]

I have question - how do they make that much money if their games are fair?

They can earn that much money because they are being patronage by gambler.  Aside from that, many casinos are buying their products and integrate it to the casino platform.  It was stated that they released more game this 3rd quarter so this means they are able to sell or close more deals.

Their profit per month is 73.7666667M, le'ts imagine this is 20% of total comission...And it's shocking. Don't they suppose to have negative months, or years? Like operators have?

I mean, all of this videos of their rigged game shows, blackjacks...I'm about to think that all of them are true

A company does not need to cheat to earn, if enough company demand for their service then they will surely earn that much money.  About their rigged games, any news that the case are escalated to court?  It is possible that those rigged videos about evolution are the one rigged...  We never know, technologies nowadays can alter anything.

[Outhue]

In the world of gambling who do you think wins the most? The casino of cos, many people are not even thinking and that's a shame, you the gambler is the one at risk, placing bet on the future prediction, either in slots or sports bets, but what risk is there for the house? That you might win? Ok accepted, but do you know how many gamblers visits the casino per day? The number is big, and where there is large number of people is where real money can be made.

A hundred thousand gambler risking $1 per day is still 100k in one day and it's impossible for all of them to win, like this is just natural, they are placing bets on something they can't see, this is why I consider gambling to be very risky.

Tell me, how won't the casinos get rich? They will be rich in no time, this is the fastest way to get rich if you can do it right, casinos that failed lack so much or they never meant business thats why they failed, if you want to get rich build a casino and deliver the best service, you will see how money flows in, I don't doubt casinos, they make money.

[Beparanf]

I have question - how do they make that much money if their games are fair?

Their profit per month is 73.7666667M, le'ts imagine this is 20% of total comission...And it's shocking. Don't they suppose to have negative months, or years? Like operators have?

I mean, all of this videos of their rigged game shows, blackjacks...I'm about to think that all of them are true

House edge is the key on how they keep having huge profit on monthly basis. Evolution gaming bankroll is very huge while there is max bet allowed on all of their games which means they have full control on all of their games. The only thing they need is to wait until players loss patience and start to lose.

Evolution gaming is listed in almost the casino. They literally cover most of the crypto casino industry since they are the most popular provider on live games. Their profit makes sense if you will think about how wide their rich and how popular they are right now on live games.

[SamReomo]

Evolution gaming is listed in almost the casino. They literally cover most of the crypto casino industry since they are the most popular provider on live games. Their profit makes sense if you will think about how wide their rich and how popular they are right now on live games.

That's true and it's likely that they will continue to dominate the live gambling market for so many coming years. Casinos love to add their games on their sites and players also love to spend time on those live games. I don't think that they have any good competitors at this moment and that's why they are having a lot of profits each month.

There is a competitor in market named as SuperSpade Games but they aren't as famous and as adopted by the casinos as Evolution gaming. However, I'm quite sure that in future they may have strong competitors which may reduce their revenue  but till then they will earn like kings and no-one will be able to stop them as most casinos are happy with their games.

[Slow death]

well, leaving aside the part of the services that this company provides and focusing on the data you posted, in my opinion, as this data was not released by an independent company with a history of honesty and credibility (at least that's what I'm assuming because I didn't see the link to the source of the data, so I assume the source is this company's website) so we have to look at this data with suspicion. many companies that are not even accountable to governments, keep saying that they made a lot of profits and few losses so that they are well seen, this becomes part of marketing. because when these companies say they made a lot of profit

so the other companies will pay for the services of this company that says it made a lot of profit because they will feel safer, and as if they think in the following way: if company X has a lot of profit then when I use company steal from me. so even if this company had little profit or just had losses, they wouldn't talk about it. That's why it's very important to take a good look at the source of this data and how many reputable companies carried out audits on this company and what the final report was so we can know to what extent they are telling the truth. In my opinion I don't believe them until I see the sources of the data

[iv4n]

They are earning so much money because they are dominant when it comes to live casino games, and some of those games are unique... Crazy Games, Monopoly, Crazy Time, Dream Catcher. And Evolution is literally everywhere, in every fiat or crypto casino.

I'm not a fan of Evolution, but whenever I tried some of their interesting and unique games there were a lot of people chatting and some of them were betting with very high stakes. So I'm not surprised by their annual earnings, many people play their live games... 24/7!

[dimonstration]

I'm not a fan of Evolution, but whenever I tried some of their interesting and unique games there were a lot of people chatting and some of them were betting with very high stakes. So I'm not surprised by their annual earnings, many people play their live games... 24/7!

 
I definitely one of the players you are pertaining when it comes playing in there 24/7. I only during weekends but I do marathon gambling whenever I’m on evolution lobby. This live games provider brings the best experience you can get to enjoy playing on the actual casino at home.

Kudos too on their dealers since most of them is very friendly that makes me entertained more by chatting to them while playing. Evolution Games offers best payout rates especially on games like crazy time compared to competitors like Pragmatic sweet bonanza and other shit live games with low max multiplier.

[shield132]

I mean, all of this videos of their rigged game shows, blackjacks...I'm about to think that all of them are true

No, their live games aren't rigged. I was working in Evolution, formerly Evolution Gaming and I can confirm, none of their game is rigged. Absolutely every action is performed by humans, they hire shufflers that shuffle card in live and dealers deal with that card. Dealers also play roulette in life, they take ball, spin wheel and roll the ball. But their house edge is very high, think about it, that's why casinos profit and hire their tables. Dealer is the last one who makes choice, that's why they always win. If you lose and then dealer opens cards and she loses too, you hand is still lost. It's not like dealer loses and you are automatically winner, you lose and dealer is automatically winner.

[Yogee]

Source in case you're looking for it https://mb.cision.com/Main/12069/3861988/2386270.pdf

[....]Also, according to him, the US online gambling market is still at an early stage of development, and the company will continue to invest a significant amount of funds in it in order to occupy a leading position there in a few years.

I don't think he meant online gambling all over the world and not US only. What they're expecting to grow even more is the development in North America.

And it's shocking. Don't they suppose to have negative months, or years? Like operators have?

Losses may have occurred in the first five years of their operation - from 2006 to 2011. I cannot say that for sure since information is not available on their site.
Their year end report in 2016 shows a profit margin of 27.50% which is a decline from 2015's 30.40%. It's not the loss that you want but it does show they also suffer some setbacks like every business would.

[so98nn]

More or less this is bulk business. You take less profits but you take it from huge crowd all around the globe. It’s like collecting a cent from millions through channel partners and distributors. I think that tells us why Evolution has that much revenue generated every month. Being moderator on one of the micro tasking site I can confirm that these numbers are easy to earn if you have proper planning, marketing road map and most importantly huge crowd to target. Any website that has embedding structure where their wall can be integrated with other sites has easy access to their clients. In this case it’s obvious that Evolution only have to target the premium entities that have good number of crowd. Crazy Money.

[dothebeats]

Given that they are serving a lot of countries worldwide, it's not surprising that they are getting that much revenue per annum. Also, not every blackjack and live casino gamblers are pros, they are 'looking to make money' and sometimes do stupid decisions, hence why they lose and the casino wins. Plus, house edge exists. That's certainly what's the main driver of the profits for these live casinos aside from the commission.

[noormcs5]

Well if you will question them then you have to question their source as well. Nevertheless, it's gambling and we all know that it's a worldwide phenomena. So there could be thousands in a given day playing and then losing big money. Not saying that it is accurate, but the amount of money flowing in casinos today are really huge as there are a lot of individuals that have been addicted already.

Yeah, people invest a lot of money in gambling and they lose a major portion of that money. So when a gambler loses, who is the one getting all that money?
It is the bookies, the casino site owners who gain all this money. So we can't imagine how much the gambling sites may earn.

It's really hard to question though if their games is rigged or not or they collude with others. Maybe as gamblers it's our responsibility to check whether they are provably fair or not. But who does it? Everyone just wanted to play, from dice game, to roulette to card games that Evolution gaming has.

The gambling sites do not have to be rigged in order to gain that much money. In fact, if a casino is honest they can earn more money as the gamblers will keep losing and keep playing in an honest casino. The rigged one may get some quick money but over a period of long term, they may lose the customers and the business.

By the way, i would like the source link for the report too in order to study in depth.

[virasog]

By the way, i would like the source link for the report too in order to study in depth.

Well, if you can search the internet, you may get more details about it.

Evolution: Interim report January-September 2023

https://www.evolution.com/ has more than 1 million traffic and they are getting this much revenue. Just for a comparison many gambling sites has more than 1M traffic and you may understand how much revenue they would be making. Similarly, you can think how much other casinos with a lot of traffic may be earning.

I understand that evolution is the b2b online gaming solution and I am optimistic about the future of gambling plus gaming is very bright and lucrative.

[Saint-loup]

I don't think their games are rigged because with so many people playing there, including professionals, able to record their games, they would be already debunked on social medias or by serious journalists, and even halted by authorities before being sued by many players and casinos, customers of the company.
But I find few things weird. On infinite blackjack tables, the RTP is "based on the first hand in the shoe" while for traditional blackjack tables, this addition with an asterisk does not appear. Players in the chat often say that bots are playing when someone split on a pair of 10s or hit on 20 or 19. So I wonder if Evolution doesn't use bots for counting cards and hitting and splitting when they detect that the remaining shoe favors the player over the dealer...

[Kakmakr]

I think when you have very little competition and most of the casinos are using your games, it is all about numbers. It is mostly Pragmatic and Evolution that are dominating the "Live" gaming space, so they are sharing most of the profit that are derived from that.

I also think the odds are stacked heavily in favor of these gaming providers to win most of the bets, so people that are uniformed ..will lose more money on these types of games.