Published
OnlineCasinoIndustryFeature

Evolution Gaming CEO: 50-70% of casino revenue will be online in the future

Evolution Gaming CEO Martin Carlesund believes the majority of casino revenue will be digital in the future, though he warned the “online evolution has just started.”

EvolutionGamingCEOMartinCarlesund

Discussing the lack of land-based casino activity during the COVID-19 pandemic, Carlesund says outlooks may have shifted in the retail and casino sectors towards a more favourable view of the digital space.

While as much as 90% of pre-pandemic casino revenue remained offline, according to the executive, he projects the landscape will be significantly different in the long term.

The Evolution Gaming CEO tells Gambling Insider: “The biggest changes will be in markets that are heavily dependent on land-based. Now they’ll see that, if they would have had online, they would actually have some revenue.

“New Jersey, for example, is doing a lot better than Nevada. That is the big change. The landscape will be a little bit different going forward.

“In total, 90% of revenue in casino is still land-based and 10% is online; 2-3% is live. So really the online evolution has just started. In the future to come, I think 50-70% of casino will be online.

“Maybe this [pandemic] has increased the speed a bit but the potential has always been there for online casino in general.”

Carlesund was speaking exclusively to Gambling Insider for the cover feature of its July/August magazine, where you can read more from the Evolution Gaming CEO.

Premium+ Connections
Premium

RISK

 
Premium

Digitain

 
Premium

Galaxsys

 
 
Premium

1xBet Partners

 
Premium

PIN-UP Partners

 
Premium

Lynon

 
Premium

Imagine Live

 
Premium

Revsharks

 
Premium

GammaStack

 
Premium

Sport Generate

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...