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    EVO   SE0012673267

EVOLUTION AB

(EVO)
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Evolution Gaming : selected by Groupe Partouche for launch in the Swiss market

01/30/2020 | 02:31am EDT

Evolution Gaming, leading provider of Live Casino solutions, announced today that it has been selected by Groupe Partouche to deliver online Live Casino services to the regulated Swiss market.

Partouche's Evolution-powered Live Casino - scheduled for launch during the first half of 2020 - will allow the group's customers in Switzerland to play a rich mix of online live games on smartphones, tablet and desktop.

The live games from Evolution's wide-ranging, award-winning portfolio will include live dealer Roulette, Baccarat, numerous live dealer Poker variants, as well as games such as Lightning Roulette from Evolution's fast-growing Game Shows category.

The France-headquartered Groupe Partouche is one of the leading land-based casino groups in Europe with 42 casinos across France, Switzerland and Belgium. The Group's Pasino complexes offer an entertainment concept inspired by Las Vegas casinos. The Group currently operates two land-based casinos in Switzerland - at Casino Du Lac Geneva and Casino Crans Montana in the ski resort of the same name. Alongside their entertainment offering, the casinos offer a range of table, slots and electronic gaming options.

Explaining the decision to partner with Evolution Gaming, Alexander Sosnovski, iGaming CEO at Casino du Lac Meyrin in Geneva, Switzerland, said: "Groupe Partouche's historical roots are driven by strong family traditions and values. Our concept blends an original combination of games, shows, international catering and events aimed at creating a VIP experience and providing a high level of customer service. Evolution is therefore a strategic partner for us, not only because they are the leader in Live Casino games, but also because they are developing new and exciting technology for online entertainment."

Sebastian Johannisson, Chief Commercial Officer at Evolution, commented: "We are delighted to have been chosen by Groupe Partouche to partner with them and have our Live Casino solutions available to their players in the Swiss market. The Evolution portfolio fits perfectly with the Partouche Group's next generation of casino entertainment philosophy. We are confident that their players will love playing our Live Casino games online just as much as they enjoy visiting Partouche's land-based casinos in person."   

For trade press and media enquiries, please contact:
Amy Riches, Head of Marketing, ariches@evolutiongaming.com

For investor enquiries, please contact:
Jacob Kaplan, CFO, ir@evolutiongaming.com

Evolution Gaming develops, produces, markets and licenses fully-integrated B2B Live Casino solutions to gaming operators. Since its inception in 2006, Evolution has developed into a leading B2B provider with 200+ operators among its customers. The group currently employs about 7,300 people in studios across Europe and in North America. The parent company is based in Sweden and listed on Nasdaq Stockholm with the ticker EVO. Visit www.evolutiongaming.com for more information.

https://news.cision.com/evolution-gaming/r/evolution-selected-by-groupe-partouche-for-launch-in-the-swiss-market,c3022144

https://mb.cision.com/Main/12069/3022144/1183869.pdf

(c) 2020 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
EVOLUTION AB -0.07% 1459.6 Delayed Quote.74.96%
GROUPE PARTOUCHE -0.81% 24.5 Real-time Quote.22.89%
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Financials
Sales 2021 1 058 M 1 263 M 1 263 M
Net income 2021 604 M 722 M 722 M
Net cash 2021 528 M 630 M 630 M
P/E ratio 2021 525x
Yield 2021 0,09%
Capitalization 310 B 36 411 M 370 B
EV / Sales 2021 292x
EV / Sales 2022 227x
Nbr of Employees 7 174
Free-Float 80,5%
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Technical analysis trends EVOLUTION AB
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 9
Last Close Price 1 459,60 €
Average target price 160,00 €
Spread / Average Target -89,0%
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Managers and Directors
NameTitle
Martin Olof Carlesund Chief Executive Officer
Karl Jacob Kaplan Chief Financial Officer
Jens von Bahr Chairman
David Craelius Chief Technology Officer
Joel-Tomas Citron Independent Director
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