ArmInfo.Another major and online online game development companies will soon appear in Armenia. Swedish developer of online casinos, a company of Evolution stated the intention rto open its representative office. The Minister of Economy of the country Wagan Kerobyan reported on his page in Facebook.
It should be noted that this Swedish company, which is considered to be a Live Casino number one provider in the world, has a capitalization of $ 25 billion. According to the annual report of the company, the operating revenue in 2020 increased by 68% to 177.7 million euros (106.0), EBITDA amounted to 115.6 million euros, an increase of 107%, with a margin of 65.1% (52.7% ). Profit amounted to 80.6 million euros. The company's shares are quoted on NASDAQ. At the end of the year, profits per share amounted to 0.42 euros. Among the clients of the company from over 45 world gaming brands.
According to experts, the Armenian market is becoming increasingly attractive for Live Casino providers. Moreover, the cause of such interest are two mutually exclusive factor: on the one hand - the presence of technically educated and creative youth in the country as a labor asset, and the second - the presence of the so-called . From an economic point of view, the second can be considered as more than doubtful. It should be noted that the company for programming game algorithms "Digitain" is expanding its capabilities in Armenia. She recently reported that it intends to invest in Armenian business about $ 40 million US dollars.