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Evolution Reports Strong Fourth Quarter and Full Year 2020 Results

Niji Narayan

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Evolution Reports Strong Fourth Quarter and Full Year 2020 Results
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Evolution has announced its financial results for the fourth quarter and full-year 2020.

Operating revenues in Q4 increased by 68% to €177.7 million with profit for the period amounting to €80.6m.

Operating revenues for the full year increased by 53% to € 561.1m, with profit for the period amounting to €284.6 million and earnings per share of €1.55.

2020 saw the company rebrand from Evolution Gaming to become Evolution and complete the acquisition of NetEnt and Red Tiger.

“We end an eventful 2020 on a high note with a quarter that marks a significant step forward for Evolution. Through the acquisition of NetEnt, we add a second vertical to our unrivalled live casino offer and two strong and fantastic new brands to our product portfolio,” Martin Carlesund, CEO of Evolution, said.

“This makes us well-placed for our long-term ambition of taking a leading global position in online casino. With a strong market penetration in live casino and slots across North America, Asia and Europe as our platform, we remain committed to creating the best gaming experience for every single user in both verticals. I am excited about what lies ahead for 2021 when we will continue to increase the gap to the competition,” Martin Carlesund added.

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Entain Partners with Synalogik to Strengthen ID and Financial Checks

Niji Narayan

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Entain Plc has partnered with financial security technology services provider Synalogik to strengthen its identity, financial and credit checks. Through the deal, Entain has become the first major igaming operator to deploy Synalogik credit check and financial assessment systems.

Synalogik’s technology enables automatic checking and risk-scoring of thousands of customers simultaneously, providing accurate risk and open source intelligence reports in seconds rather than hours or even days with traditional methods. This significantly improves response times for customers whilst ensuring full compliance with regulatory and data protection requirements, which differ considerably across jurisdictions.

“This delivers on our vision of leveraging innovation and technology to create the best experience for every customer whilst delivering the highest standards of compliance effectiveness and corporate governance,” Brendan MacDonald, Director of Customer Protection at Entain, said.

“We are delighted that Entain is using our Scout system to support its compliance and governance processes. This unique solution provides an enriched customer view, in near real-time, drawn from multiple data sources, which enhances decision making and delivers significant efficiency and cost savings,” Gareth Mussell, CEO at Synalogik, said.

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Italian Sports Betting Revenue Hits Record High in February

Niji Narayan

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The iGaming market of Italy has experienced its second-best month ever in February 2021.

According to figures supplied by Ficom Leisure, revenue across all online verticals ticked up 4.6% from January to €351.2m, just behind the record set in December 2020. Compared to February 2020 – the last month before Italy went into lockdown – revenue was up 94.8%.

That month-on-month revenue growth was due mostly to a significant increase in sports betting revenue to a record high of €185.5m, as betting made up more than half of Italy’s total online revenue.

The closure of all retail betting shops across the country played a large role in this growth, but online betting revenue was also up 29.4% from January, which also had no retail betting.

Bet365, PlanetWin365, Snai, Eurobet, Goldbet and Sisal remained the six largest operators with more than 10% of the online betting market each, but there was significant change within that group. Goldbet became the market leader again, after holding that spot in December, with Sisal and Snai following, while Bet365 dropped from third to sixth.

Even without any revenue from the retail sector, overall sports betting revenue was level with February 2020, as the vertical recorded its second-best month since the first lockdown began, behind October 2020.

Turning to online casinos, revenue was down 12.3% month-on-month but up 83.1% year-on-year to €143.0m. While in absolute terms this was the third-best month ever for online casinos in Italy, the vertical had its lowest share of revenue since December 2017 at 40.7%.

PokerStars remained the top operator, though its share of revenue fell to 10.4%, while Sisal closed the gap as its market share grew to 9.5%. Snai, 888 and Lottomatica followed with more than 7.5% of revenue each.

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Holland Casino to Open 6 Venues Under Dutch Pilot Participation

Niji Narayan

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Holland Casino has confirmed that six of its properties will open to a select number of patrons later this month as the state operator participates in the country’s pilot events programme.

The pilot programme consists of a series of tests to see whether the venues can “open faster or to gain more space within the existing roadmap.”

Every guest will have to undergo a free rapid Covid-19 test in advance at a special location of the Open Netherlands Foundation, not at the casino itself. Guests may only enter with a reservation and a negative test certificate.

All guests are also required to adhere to basic measures, including keeping a 1.5-metre distance. The company will also implement its own protocols for safe and responsible visits.

The company adds that it would “consult with the municipalities and will do everything in its power to carry out the pilots safely and responsibly.”

It said: “We will receive further details and elaboration from the government later this week. As soon as we have the operational plan of action ready, we will inform everyone again.”

The pilot comes after a series of extended closure orders mandated by the Netherlands’ government, the most recent of which ends on April 20.

Casinos in Enschede, Venlo and Breda will open on April 24, with Amsterdam West, Utrecht and Leeuwarden following the next day.

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