Evolution Gaming is one of the leading B2B operators for live casino games. Their live game tables are run by professional dealers and streamed from real brick-and-mortar casinos across Europe. They have ten studios around the world, with their first US studio opening in New Jersey last year.

The company has a unique business model, providing its games to online casinos through a licensing agreement. This means that for every $100 in wagers a casino makes on its live games, Evolution gets $10 back from the operator. This gives the company a solid margin, which has fueled its impressive growth this year.

Besides licensing its live game software to online casinos, Evolution also operates its own gaming rooms, offering players a more personalized experience. It has a variety of live table games, including roulette, blackjack, and poker. The company’s latest addition to its lineup is XXXtreme Lightning Roulette, which takes its popular roulette game to the next level with a thrilling chain lightning feature.

As a player-focused company,Evolution gaming is always improving its live gaming technology to offer the best possible experience. This includes the development of virtual reality (VR) and augmented reality (AR) software, which allows players to interact with real dealers and play at dedicated tables that can be seen from the comfort of their home. It is also working to introduce live dealer holograms, which will provide an even more realistic experience.

Evolution has a strong presence in the iGaming industry thanks to its large network of partners. In 2019, it made a big leap forward by acquiring game developer NetEnt, as well as Red Tiger, NLC, and DigiWheel. This helped it to broaden its portfolio of products and boost its position in the booming US market.

However, the company faces challenges as it prepares for US expansion. A recent complaint from the New Jersey Department of Gaming Enforcement (DGE) highlighted a possible breach in data security. While the DGE did not accuse Evolution of any illegal activity, the complaint could attract more attention from regulators and potentially lead to increased scrutiny over its operations.

The company has denied the allegations, stating that it has never allowed players to access its games from countries with US sanctions. It has also emphasized that it does not control the actions of its partner casinos, who must conduct strict know-your-customer (“KYC”) checks on players to ensure they are licensed. This helps to uphold the highest standards in the industry while weeding out bad actors.

While evolution gaming is a great business that should deliver robust profits for many years, its premium valuation should be considered carefully before making a purchase. Investors should weigh the potential for future growth against the risk of a slowdown in the US.