The online gaming market has been growing steadily for many years. The beneficiaries of this development are not only online casinos and online game libraries, but also software developers such as Evolution Gaming. The listed gaming company from Sweden is now speaking with good prospects for the future.
Is the land-based gambling sector disappearing completely?
At this point in time, it is unlikely that the land-based gambling houses and casinos will disappear completely. The trend is still clearly in the direction of online entertainment. The current CEO of Evolution Gaming, Martin Carlesund, also shares this view and predicts that in 15 years the market share of land-based gaming facilities could decrease to “maybe 50, 40 or 30%”.
Evolution Gaming is a Swedish software developer that has been listed on the stock exchange since 2015. The company was founded in 2006 as a platform for live casino games. While the market value was initially the equivalent of 295 million euros, it is now 31 billion euros. Evolution Gaming is now one of the ten largest companies in Sweden. The company has also owned the software companies NetEnt and Red Tiger since 2020.
Evolution Gaming is still on the road to success
The Swedish gaming group Evolution is definitely not one of the losers in the global corona pandemic. On the contrary: within a year, the share price of the Swedish company increased by over 140% to just under 140 euros per share (as of June 23, 2021). Otherwise things have been going well for the Swedes for many years.
Evolution Gaming share price:
- June 2016: approx. 5.50 euros
- June 2017: approx. 8.70 euros
- June 2018: approx. 10.50 euros
- June 2019: approx. 18.00 euros
- June 2020: approx. 55.00 euros
- June 2021: approx. 140.00 euros
So if you bought shares in Evolution Gaming for 100 euros about five years ago, you could sell them today for around 2,520 euros. This performance is impressive and of course not the rule in the stock market.
Evolution Gaming itself is best known for its high quality live casino games. Since NetEnt and Red Tiger are now also part of the group of companies, slot machines such as Starburst, Twin Spin, Divine Fortune, Hotline, Gonzo’s Quest and Blood Suckers also belong to the Swedish portfolio.
However, Evolution CEO Martin Carlesund does not yet want to fully commit to an exact forecast for the future. Instead, he expresses more generally:
“The market itself will double and double again. It is difficult to even get an idea of the full potential ”.
Evolution Gaming claims that it currently supplies around 500 Reputable online casinos with its high-quality live dealer games. The development of the last few years is impressive not only in relation to the Swedish software provider, but also within the entire online gaming industry. It will be interesting to see whether the online gaming market will continue to compete with stationary gaming establishments for additional market shares in the coming months and years. In any case, it is clear that the potential of the online gaming industry does not seem to be exhausted by a long way.