The Honest to Goodness Truth on Evolution Gaming
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Evolution AB (publ) ("Evolution") develops, produces, markets and licenses totally-integrated B2B Online Casino options to gaming operators. The group currently employs 11,000+ people in studios across Europe and in North America. Due to the pandemic, several studios continue to operate with somewhat limited capacity to assure all security and protective measures for staff can be kept in place.
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Evolution will receive both organic industry development from this and also have its usual impact of recruiting much more and new varieties of shoppers for these providers due to the lure of its games. On a forward basis, Evolution has a P/E ratio of 68x on 2021 numbers and completed 2020 with a P/E of 54.8x. The continued outperformance of Evolution operationally is seeing continuous reprice larger - it is really hard to wait out on the sidelines with this a single. This happens even although Evolution is going to be one of the most significant beneficiaries with no competitor coming close to the business in terms of core product offerings in the Live Casino space. As quickly as US consumers get a taste for Evolutions games, I am sure they will not want to play on any other folks.
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