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Evolution has dominant share in the mature Europe marketplace and is nicely placed to benefit from growth in both the US and Asia. My bear case is a doubling of revenues from €1,082m (FY21e) to €2,164m (FY30e) at an eight% CAGR. Even though this appears aggressive at initial glance, the industry will probably develop at close to ~20% pa in the course of this time.
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The corporation also employs a further 1000 persons on a component-time basis. As for business profits, Evolution Gaming has reported up to EUR 115.five million in early 2016. Evolution Gaming Organization was introduced to the planet and successfully launched in 2006. The company’s headquarters is positioned in Riga, the capital of Latvia. There, they have set up their biggest and most productive studio but.
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