Evolution core profit beats forecasts

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STOCKHOLM – Sweden’s Evolution AB on Thursday reported third-quarter core earnings above market estimates and said growth was driven by a strong global demand for live casino games.

The company, which develops and licenses casino games such as online slot machines and roulette games, said EBITDA rose to 192.9 million euros ($223.8 million) from 90.7 million a year ago, beating the mean forecast of 191.6 million euros, according to Refinitiv estimates.

($1 = 0.8618 euros)

(Reporting by Helena Soderpalm, editing by Supantha Mukherjee)