Evolution Gaming Stock Price Down 9% on New Allegations of Role-Running

Evolution Gaming is one of the biggest names in the world of live casino games. It offers an amazing collection of over 700+ live tables and game shows, running 24/7 from studios in Europe and North America. The company also boasts a huge portfolio of virtual casino games. These are powered by the RNG (Random Number Generator) and feature high-end graphics and sound effects. The company’s latest innovation is Evolution First Person, which brings an exciting VR-like gaming experience to players.

The company specializes in live blackjack, roulette and baccarat, but it is more than just table games. It also produces an impressive range of video poker variants, Asian games and even some exciting gameshow-style titles. Moreover, it has expanded its gaming catalogue by acquiring the well-known slot developers NetEnt and Red Tiger Gaming. The company is set to add another studio in Connecticut in 2022 as it continues to grow.

Unlike online casinos, which cater to individual players, evolution gaming operates in the business-to-business market. It licenses its software and tables to iGaming operators who then offer them to their players. It is a model that has worked well for the company, which has been operating for more than 15 years.

But the new allegations of rigging are sure to cause some concern among regulators and investors. Pareto Securities analyst Marlon Varnik warned that the company could be drawn into more scrutiny by state regulators. It is possible that state gambling agencies will decide to audit the company’s security measures.

As a result, the company’s share price was down 9% in morning trading, reversing some of its recent gains. Pareto isn’t recommending that investors avoid the stock, but he said it might be worth taking a wait-and-see approach.

The company is a Evolution gaming leader in its sector, and its growth has been fueled by the rising popularity of online gaming worldwide. It is expected that more and more people will play online in the future, especially in the US. As a result, the demand for games like roulette and blackjack is likely to continue growing.

In addition to its iGaming platforms, the company also has a strong presence in land-based casinos. Its products are used by more than 2,500 venues around the world, including the most popular casinos in Las Vegas and Macau. In the past two decades, the company has invested heavily in technology to keep pace with the industry’s growing appetite for games.

As a result, the company’s product lineup is one of the most comprehensive in the world. Its portfolio now includes a wide variety of innovative games that appeal to all types of players. Its games include popular favorites such as baccarat and blackjack, as well as a variety of keno, roulette and video poker variants. In addition, the company’s systems can support a range of different languages and currencies. They can even be integrated with a site’s existing back office systems to make the transition process quick and easy.

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