![]() states to become regulated markets for online gambling in 10 to 15 years. Playtech said on Wednesday that its online growth had been very strong in the first four months of 2021 and it was ahead of its forecasts for operating profit.Ĭarlesund said Evolution could well beat its forecast for an operating (EBITDA) margin of 65% this year and that he expected many more U.S. Rivals include London-listed Playtech (PTEC.L), while Evolution's Carlesund said the Swedish firm also competes with Netflix (NFLX.O) and other net-based entertainment providers. "Innovation is a very important factor as to why Evolution has been so successful with its games," he said. and Asian markets at an early stage, Evolution, whose first-quarter sales leapt more than 100% to 236 million euros, will keep growing fast, said analyst Marlon Varnik at Pareto, which has a buy recommendation on Evolution shares.Ĭompetitors catching up, political risks and key people in innovation leaving were potential risks ahead, Varnik said, although Evolution was extending its lead for now. "But based on current levels of growth and relative market size, you would have to assume a significant increase in growth in online along with a significant decline in land-based to achieve this," Birkin said. ![]()
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