Evolution Gaming, Red Tiger, & Online Casino Gaming Regulation

Former Director at Red Tiger

Why is this interview interesting?

  • European gaming competitive landscape
  • UK gaming regulation, Isle of Man compliance, and comparison with US regulatory hurdles
  • Evolution live casino vs competitors
  • Opportunities and challenges for Red Tiger

Evolution Gaming

Why is this company interesting?

Evolution is a B2B live casino gaming operator which provides customers with professional croupier services via its online casino and gaming platform. (Live casino refers to a game where a game presenter runs a gaming table followed in real time via a video stream.) The company has a large addressable market.

Live casino is the fastest-growing segment in online casino, with an annual growth rate of 31% from 2017 through 2021. Evolution dominates this space. Sales increased 90% in 2021 and are 6x greater than in 2017. The business has high and increasing margins; EBITDA margins were 68.9% in 2021 and management believes they hit 69%-71% in 2022. The business is capital-light with capex of less than 6% of sales in 2021. Evolution generates substantial free cash flow and has no net debt.

Print

Executive Bio

Former Director at Red Tiger

The executive has 20 years gaming experience and a Former Director at Red Tiger Gaming. Previously, the exec worked for Hong Kong-based Sun City running B2C sites with sports, slots, and casino from the Isle of Man. Sun City also had 6 live dealer tables including Evolution Gaming and competing offerings.Read more

View Profile Page

Interview Transcript

Sign up to read the full interview and hundreds more.

FORUM

Company Channels

Partner Interview

Interviews hosted by one of our investor partners are only available in text format.

Did you like this article ?