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    EVO   SE0012673267

EVOLUTION AB

(EVO)
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Delayed Nasdaq Stockholm  -  05/24 11:29:31 am EDT
978.20 SEK   +0.58%
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Evolution : and Betway strengthen partnership in the US

10/06/2021 | 02:31am EDT

Evolution has announced that it has signed an agreement with Super Group owned Betway for the provision of Evolution's online Live Casino and `First Person' RNG-based casino games in the US states of New Jersey and Pennsylvania.

Betway is a globally recognised online betting and gaming brand and is a long-standing Evolution customer. Betway has entered the US market through an exclusive brand licensing agreement with Digital Gaming Corporation (DGC).

The Evolution-Betway deal will see Evolution online Live Casino games and 'First Person' RNG-casino games made available to Betway players on desktop, tablet and smartphone in the two states. A wide range of classic casino games will be offered live and online, including Roulette, Blackjack, Baccarat and numerous Poker variants.

Betway is already live with Evolution brand NetEnt in New Jersey and Pennsylvania, offering a selection of leading slots titles.

Jeff Millar, Evolution's Commercial Director for North America, said: "Our US rollout continues at pace and, once again, we are delighted to be working with a brand with which we have already built an extremely strong and close relationship in other markets. We very much look forward to helping Betway achieve major success in these first two states, and in other states in the future."

Betway CEO, Anthony Werkman commented: "Through our new US sports sponsorship deals the Betway brand will be seen courtside and rinkside in some of the biggest arenas in North America. Betway customers in New Jersey and Pennsylvania will be able to enjoy playing our world-class, Evolution-powered online casino games in their homes and while on the move. Having worked with Evolution for many years, we are confident that players in New Jersey and Pennsylvania will be very excited indeed by our US-focused online games offered in a fair, safe, secure and responsible environment."

For media enquiries, please contact:
Amy Riches, Head of Marketing, ariches@evolution.com

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

About Betway Group

Betway Group, owned by Super Group, is a leading provider of innovative, entertaining and exciting entertainment across sports betting, casino and esports betting. Launched in 2006, the company operates across a number of regulated online markets and holds licences in the UK, Malta, Italy, Denmark, Spain, Belgium, Germany and Ireland. Based in Malta and Guernsey, with support from London, Isle of Man and Cape Town, the Betway team comprises over 1,500 people.

Betway prides itself on providing its customers with a bespoke, fun and informed betting experience, supported by a fair, safe and responsible environment. Betway is a member of several prominent industry-related bodies, including International Betting Integrity Association (IBIA), iGaming European Network (iGEN), the Independent Betting Adjudication Service (IBAS), and the Betting and Gaming Council (BGC), and is ISO 27001 certified through the trusted international testing agency eCOGRA. It is also a partner of the Professional Players Federation (PPF) and is a donor to many responsible gambling charities, including GambleAware.

Super Group - www.sghc.com

Betway Group - www.betwaygroup.com

Evolution AB (publ) ("Evolution") develops, produces, markets and licenses fully-integrated B2B Online Casino solutions to gaming operators. Since its inception in 2006, Evolution has developed into a leading B2B provider with 500+ operators among its customers. The group currently employs 11,000+ 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.evolution.com for more information.

Evolution is licensed and regulated by the Malta Gaming Authority under license MGA/B2B/187/2010. Evolution is also licensed and regulated in many other jurisdictions such as the United Kingdom, Belgium, Canada, Romania, South Africa, and others.

https://news.cision.com/evolution/r/evolution-and-betway-strengthen-partnership-in-the-us,c3427848

https://mb.cision.com/Main/12069/3427848/1477484.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
EVOLUTION AB 0.58% 978.2 Delayed Quote.-24.38%
SUPER GROUP LIMITED 0.00% 28 End-of-day quote.-17.67%
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Financials
Sales 2022 1 434 M 1 539 M 1 539 M
Net income 2022 845 M 907 M 907 M
Net cash 2022 631 M 677 M 677 M
P/E ratio 2022 23,9x
Yield 2022 2,10%
Capitalization 19 865 M 21 315 M 21 315 M
EV / Sales 2022 13,4x
EV / Sales 2023 10,4x
Nbr of Employees 9 805
Free-Float 81,8%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 93,17 €
Average target price 153,78 €
Spread / Average Target 65,0%
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Managers and Directors
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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