Evolution (Buy, TP: SEK1700.00) - Strong start for The Big Baller
According to our tracker so far in Q3, Evolution’s daily average players are up 16% QOQ after 5% MOM growth in August and a healthy start to September (Roulette returning to MOM growth). The new Game Show ‘MONOPOLY Big Baller’ was off to a strong start and the two branded ‘MONOPOLY’ games are expanding at near 80% QOQ. In the past months, Evolution has stabilised and even grown its implied market share (69%) versus smaller competitors Playtech and Pragmatic Play.Evolution Gaming Group AB (publ) is a Sweden-based company active in the Internet services sector. It develops, produces, markets and licenses integrated business-to-business (B2B) live casino solutions for gaming operators. Its solutions allow a live table gaming by streaming of professional croupier services to end users via the online casino and gaming platforms. The Company has offices and production studios in the United Kingdom, Sweden, Malta, Italy, Spain and Latvia.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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