Thanks, Pratyush! I think that it is normal for Evolution with its organizational size, regulatory relationships and public visibility to be considered slow compared to hungry startups and smaller competitors.
Re: product
I am personally not in favor of big acquisitions, especially to enter new verticals. As for RNG, at this moment, I would rather keep my expectations low than see Evolution lose its focus from Live Casino. Both these opinions are liable to stem from recency bias, though :)
Re: promotions
I think Evolution's relationship with players is of crucial value. (This is the factor that makes operator/aggregator preferences less relevant.) To ensure players' preference for its games, Evo seems to be doing well on product innovation and execution quality. But, I wonder if there are some promotional tools that could be used to strengthen this all important relation even further.
yeah certainly the case where I think they could share some margin with players (which I think they are just starting to do) to make sure they are sticky. I do wonder as well if they are a bit too stuck to their ebitda guide - and if you really can't find a use for the cash, please buy back ad infinitum.
Overall, what was your sense as far as growth for EVO? Are you more or less bullish for its opportunities? My sense in the US, is that as more states enact internet gambling/sports betting, and get accustomed to the tax revenue, more and more will pass legalization legislation.
Great insights. Thanks for sharing.
Is there any thoughts around exiting or selling their RNG business?
Anything's possible, but I never felt such an intention in Stockholm or Malta.
Awesome, thanks Ali! how much of the criticism do you think was well founded vs some amount of jealousy?
Thanks, Pratyush! I think that it is normal for Evolution with its organizational size, regulatory relationships and public visibility to be considered slow compared to hungry startups and smaller competitors.
Re: product
I am personally not in favor of big acquisitions, especially to enter new verticals. As for RNG, at this moment, I would rather keep my expectations low than see Evolution lose its focus from Live Casino. Both these opinions are liable to stem from recency bias, though :)
Re: promotions
I think Evolution's relationship with players is of crucial value. (This is the factor that makes operator/aggregator preferences less relevant.) To ensure players' preference for its games, Evo seems to be doing well on product innovation and execution quality. But, I wonder if there are some promotional tools that could be used to strengthen this all important relation even further.
yeah certainly the case where I think they could share some margin with players (which I think they are just starting to do) to make sure they are sticky. I do wonder as well if they are a bit too stuck to their ebitda guide - and if you really can't find a use for the cash, please buy back ad infinitum.
Overall, what was your sense as far as growth for EVO? Are you more or less bullish for its opportunities? My sense in the US, is that as more states enact internet gambling/sports betting, and get accustomed to the tax revenue, more and more will pass legalization legislation.
Very insightful, thank you!