Topic: Evolution — report for Q3 (HOW THEY EARN THAT MUCH?) (Read 403 times)

What we can definitely say that Evolution is not one of them unregulated firms. They do fair business and that's why so many casino operators trust them.

Btw, I think those sketchy casinos are not successful in the end. It's advantageous to be honest in your business these days.

House edge, and a lot of gamblers I guess. Do you have any numbers for the number of casinos that they provide their live games for? From their site, it said about 600 operators and they provided a small list of said operators, but not really familiar with most of what I was shown. If said operators were to have a rather solid user base, I reckon it wasn't that out of the picture for them to earn such an amount. Add to that the tricks that they employ according to other users, then I guess it just looks natural at that point. Quantity over, well, idk what quality there is to be expected from others really since they all look/feel the same, so I guess it's really just quantity.

I think they will show the losses based on how much users have won equally. I mean as we know there is House edge that is fixed for every game, and it’s never 100% because that would make every user lose on every bet they play. So anything that is not house edge is simply a loss for casino. However, on accounting sheet that’s gonna be just tiny matter calculated against revenu, expenses, salaries and anything that they could literally record on balance sheet. No wonder, they will all the time because that’s the script and math. What matters a lot is they have to manage that much funding in the casino wallet all the time. They can’t dilute everything at once so they have funds locked up always.

Well, unregulated casinos are unfair and sketchy. I cannot believe that they are allowed to do keep existing without any consequences... Is it perhaps a grey area of the law or is law enforcement just so bad/corrupt in that country that they simply refuse to do anything against someone running an obviously bad business practice?

But I agree, people who fall for fake advertisements and sketchy casinos are at fault. If they get scammed then that is what they were heading towards in the first place. It is very hard to have any kind of sympathy with people like that.

This is the opposite, Evolution gaming is the one renting on the casino to broadcast their games in exchange for profit sharing. All the bets is handled and settled directly by evolution gaming same with other game provider like on slot.

The game provider itself get the profit and they just payout to the casino account use by the player. Evolution gaming rely on their games house edge to guarantee win against players in the long run. It’s not really they are just renting their service to the casino but the other way around.

It doesn't matter for Evolution how much gamblers win or lose. It's simple as ABC: Evolution gaming offers you space for studio, tables, dealers, shufflers, cards, monitoring, security, user interface, backend side, teamleaders, their supervisors, etc, etc... Evolution offers this service and asks you to pay fixed money for them. It's not different from renting an apartment where you pay monthly for 100 square meter while you are not responsible for earthquakes or other damages that may affect house where you live.
This is why for Evolution it doesn't matters how much someone wins or loses, they get paid for offering the service and capital is on casino. Casinos pay for rent and pay for win/loses. Evolution games are 100% fair and honest.

It's forbidden by regulators to do it. A company of the level of Evolution will certainly not lower your odds without a notice. There so many regulated casinos that I don't know why some people are still playing on unregulated ones. Is it the "profitable games" they are attracted to? Unbelievable bonuses? It's their own fault they are scammed then.

I think I haven't seen their brand being promoted across the web but maybe they only did that in the past, during their early existence and they decided to stop it this time because they are already popular. All casino's that support's provider games always have them.

And lot's of gamblers are playing their games. It is like they are the leader when it comes to live casino games. I don't even think they are only making a small amount here. Add in the massive audience they get, I wouldn't be surprised about how massive this company is earning nowadays, especially now that online gambling have became really known by the public. There are some people who accused them of cheating and manipulation in regards to their games but will they ever grow this huge if that was true?

no doubt, you just gave a good analysis here! With the right marketing system and focusing on the a massive audience, even if you are only able to make a penny from a single individual and you multiply it with the millions of audience at your disposal, the amount you are referring to becomes very much feasible and yes, it's very possible that there games are not rigged but might be as fair as possible. 

Depends on what understand the termed of "rigged" as. Is something considered rigged if everyone knows its rigged and the casino even tells you its rigged?
The reason I say this is because all gambling games have something called a house edge. The probability of the casino winning your money is higher than the probability of you winning the casino's money. It has to be this way, otherwise casinos would not work in the first place. They would not even be casinos but rather give-away platforms.

But some casinos do sometimes take it too far and lower your odds of winning even more without giving you notice, but this will usually only happen to unregulated casinos which have their headquarters in some corrupt third world country. Luckily, with some DYOR, that can be easily avoided.

But also, don't forget

With just a one-two bet win. Your balance can go up like crazy, these typical game are really drain-out money but once we got the short moment at least 1-3 win money we are loses can even get back or maybe profit a lot.

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Back to the topic, well (Evolution-Games) are software-provider more casino use their service more revenue they can get. They're nothing to lose, because selling the system + most casino using their service.

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About rigged game, IMO only a live-games provably have a break-motor meanwhile on the other game like card game just bad RTP for us esepcially while there has some bot as well.

I don't know about " mainstream media" but surely the are sites monitoring that. A cheating game provider? What a gift it would be to them! They wouldn't miss an opportunity to write a big article about that and others would be happy to have a chance to re-post such an interesting news. It wouldn't go unnoticed, I can assure you.



I agree on this part, absolutely.

Yes I noticed it by playing Lightning Blackjack, they were showing a very high RTP but each time I played I got losses way higher than this RTP even when I bet small stakes. I tried to really pay attention to multipliers and I observed that they were not interesting for me when I made nice streaks. I don't know if I have been very unlucky with multipliers each time I played or if they're not random in reality but the asterisk saying RTP is based on the first hand of the shoe is questioning.

I totally agree with you, it is possible for a  gambling company not to incure loses, especially when the games are entirely virtual, I understand virtual products all leverage coding to exist, what happens when the company deploys codes that only permutate the profit to themselves.

Part of the reason why I don't love virtual soccer, no matter who wins what, the company must always be in profit thereby giving them all positive numbers on their balance sheet.

Evolution is a registered public company that is regulated, but their games aren't PROVABLY fair. What this means is that you have to trust them for running the odds in their games fairly and guaranteeing randomness regardless of bet amount. Gamblers that go in crypto casinos ought to know the difference between games that are provably fair and games that are not.

Now in the case of Evolution, it's a company that is listed on the stock exchange and regulated as any company. Their games could lack fairness in how they place odds, but if you ask me, the stakes are so high and the volume of amounts gambled so high, that for them it wouldn't be worth the risk to rig the fairness of bets. In any case, the house edge of the games Evolution hosts is pretty high, so they can make easy and secure profits without having to rig anything.

Can’t argue with this. Probably they do this so that they can timing the highest multiplier to the least amount of bets which they will reward the lucky hit or else their game will be not profitable at all.

Best example is how crazy time multiplier becomes low now compared when it was initially introduced. Before, Crazy multiplier is frequently above x100 but now you can get as low as x2 even on bonus game like coinflip and pachinko which is sucks due to the probability of hitting this bonus game.

If the question is how they make that much money? then the answer is simple, just look at the business infrastructure:

https://www.evolution.com/investors/company-overview/


More than 600 operators is a crazy number, in other words, they are on each corner of the gambling industry, and play it smart to put their product in the main sites.

You did a good point. This may be it. If they bring x500 multiplier to a large numbers of players, they won't earn anything.

I agree with you, they certainly don't rig their games. But I'm not sure they are always as fair as they could be. For example when they offer games with multipliers like lightning Roulette, Baccarat, BJ, etc. Why they don't use real dices, a physical wheel or a provably fair scheme in order to draw the multipliers? They just appear on a screen and nobody knows how and when they've been draw. Using a physical or provably fair tool would prevent them from offering smaller multipliers when more players are playing, when players have made big winnings or when the remaining shoe is not in favor of the house for example.

Yeah, They don’t need to resort on rigging the game while they have the complete advantage on all of their games through house edge. They only need to have a consistent player wagering on the casino to be on the profit side while let the players enjoy the temporary winning since later on they will lose due to the game edge.

Dream catcher and Crazy time are the first live game show I knew on this provider until they developed tons of game variations not only on game shows but literally on every game type especially the lightning variant.

The Evolution games are available in almost every online casino in this world and I can say covid19 bring their company into the next level since a few yeara ago.
Crazy Time and Blackjack live games must be their main "money maker machine".
Thousand of people in this world playing it everyday.

Many people saying it rigged but i dont think the big operator such as Evo will do that. Overall they will always in profits every week.

You guys are aware of the fact that Evolution Gaming by now is not only about "their" live games, aren`t you?!

Some of Evolution`s brands are: Evolution (live games), NetEnt, Red Tiger, Ezugi, Big Time Gaming, Nolimit City, Digiwheel

Look at the names above, they aren`t only killing it with live games but they also own some of the biggest slot game providers. 

I'm just wondering how it works. People always loosing even in a big distance so they keep having such great numbers?

I understand, that if I'll win big summ in crazy time by catching x1000, operator won't pay to evolution nothing this month. But what about next month? Don't they suppose to have negative carryover agreement? A lot of casino operators have such things with afilliates to share risks.

The thing is that the probability fairness in games is what makes a casino make the most out of the market since that is what attracts gamblers to the site and also keeps them as loyal clients to the casino,  this is what contributes to a large extent what amount to the overall reputation of the casino,  because how their choose to handle things is what will determine the mir seriousness and fairness and at the same time that is what builds the confidence in the gambler to keep using the casino even though there are so many other better options.

To achieve this,  some casino goes as far as implementing blockchain-based games whose results can be verified on the network which is another big addition to the trust level of those casinos that implement such a feature supporting their probability fairness.

Acknowledging your point and also the rigged casino may not be able to gather so much revenue as compared to the honest and trusted casinos.

Also if a casino is rigged you will not find it in mainstream media telling about it that how much they have earned over the time. There is no doubt that the Casino and games in question in this OP thread is legit.

Their games are fair in the sense that they officially have an advantage over players, and they are not hiding it. Their profit is only telling us about how many gamblers are using their products, I don't understand why do you think it implies they are cheating. Like other people said in this thread, they don't need to cheat because they are making big money legally. Why risk your license?

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. 

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...

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.

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.


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.

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.

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.

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

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.


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.

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.

 
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.

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!

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

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.

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.

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.

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.


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.

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.

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.

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.

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.

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