EVO Tweets (2020-2022)
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EVO Tweets (2020-2022)
Here are some of my past $EVO commentary on Twitter going back to 2020.
My estimates for $EVO's geographical Live and RNG market mix
Point 1: Asia is $EVO's largest Live market
Point 2: RNG is almost all Europe (could explain the slow growth?)
Note: numbers not meant to be precise, but as an overall estimate of the current big picture
$EVO achieved a higher growth rate in Q3 compared to Q2
So, let's revisit the annual growth rates, now with the midpoint values between the two quarters to find 2022's run-rate
1) $EVO's Total Growth
$EVO Q3 big picture in a few charts
...and some shareholder comments
1) Sales Mix
- pretty strong 11% QoQ organic growth in Live
- RNG continues to struggle with organic growth
Let's test a regulatory bull case for $EVO:
Assumption 1:
Biggest reg. risk against $EVO could mainly come from Europe🇪🇺🇬🇧 & NA🇺🇸🇨🇦 regulators, rather than the ones in fragmented grey/black market of Asia+Others.
$EVO Q2 big picture in a few charts
...and some shareholder comments
1) Sales mix
Headline: Slower but higher quality growth
- Slowest QoQ and YoY sales growth for >4 years
- BUT organic regulated revenue growing at the highest rate. Good news for the long-term.
$EVO's Todd Haushalter gave a very interesting talk at @iGamingNEXT yesterday
First, how successful US operators will look like in 5 years:
- Generous RTP & loyalty programs
- No/low wagering req. + fast & easy cash-out
- Only quality games (not the widest variety) *wink wink*😉
@Benif84 Yes, the business-level bear cases for $EVO I've collected are material but weak sauce compared to the upside potential. (Hence, why I stay invested)
On the stock-level, the biggest issue could be it trading at "sin stock" multiples for the long-term. (Not a deal-breaker for me)
Now that Q4 results are released, let's a have a look at $EVO in a few interesting charts.
1) SALES MIX
Putting aside the inorganic Euro RNG boost from NetEnt acquisition in 4Q20-1Q21...
- Asia is the clear growth engine
- US & Others come in 2nd
- Europe is stable
$EVO had a very interesting showcase presentation with different department heads presenting their plans.
88 new Live & RNG game releases are planned for 2022.
Here are my notes:
$EVO is accused in the US by private investigators of serving end-users
- in US-sanctioned countries 🇸🇾🇸🇩
- in countries where iGaming is illegal 🇸🇬🇭🇰
- via locally unlicensed operators 🇪🇸🇸🇪🇮🇹
💡 Live Casino provides trust factor to online gamblers
💡 $EVO's game tracking for security and service is much more advanced than land-based casinos'
→ Dealers are tracked for speed/execution/friendliness & bonused accordingly ("can double their pay")
Highlights from today's $EVO announcements at youtube.com/watch?v=0zWW-p…
1) Incoming games:
- bunch of new Asia-targeting games ("Fan Tan" looks childishly simple and fun!)
- new Starburst game with very high outcome volatility
- new IP: Hasselhoff's Knight Rider
...
Why China🇨🇳 is not a significant market for $EVO:
1- Pricing is too tough
Baccarat (most popular game) is low margin
Payments are black market and may involve moving physical cash
2- No CDN access inside China → streaming difficulties
UK competition authority CMA published its detailed clearance on the $EVO + $NetEnt this week.
A few interesting bits despite the many ✂️'s due to confidentiality.
A thread 👇
Evolution Gaming's idea man @toddhaushalter laid out his expectations from $EVO's purchase of $NetEnt & RedTiger in an interview yesterday.
His points:
1) Fusion of Live + Slot games are coming in 2021! ("How would a live Gonzo Quest or Starburst would look like?")
I took some notes from $EVO Evolution's Q3 results this week.
There are many things to like and a couple of things to be mindful about...
Here are my initial highlights and notes on Evolution Gaming's Q2 report before the management's presentation today at 9 am $EVO
Disclaimer
This is not investment advice. The presented information may be inaccurate.