Evolution building plans for big future

Evolution building plans for big future

Monday, November 23, 2015 Totally Gaming
Adrian Westman said the purchase highlighted the company's commitment to Riga

Evolution Gaming plans to take full advantage of the opportunities offered by the €12.4m ($13.3m) purchase of the Riga office building where it is currently a tenant.

The live casino operator – the Latvian capital's biggest private employer - told TotallyGaming.com that its growth strategy required greater flexibility in terms of space to add to its 1,500-strong workforce. It already rents more than half of the building on Brivibas Iela, where it has housed software, financial and systems employees since 2011.

“The decision to buy the studio building has a clear strategic value to us,” said Adrian Westman, Evolution’s investor relations manager. “We see a big need to further expand our studio floors over coming years in order to cope with the increasing demand for dedicated environments among our customers. Also, new game launches will require more space.

“Thanks to the acquisition we will be able to control the expansion on our own, hence eliminating any uncertainties if we would be able to keep up with the overall growth and demand for live casino services.”

Westman added that the purchase, which is expected to be completed in January 2016, will improve the company’s efficiency and highlights its commitment to Latvia. 

“I think this was a very logical step for us,” he said. “It has a clear strategic value, it will improve our time to market and the service to our customers, it will strengthen our local brand and ability to attract the best people and it definitely supports our perpetual mission to further increase our lead on competition.

“As a company with Swedish roots, Latvia offered an easily accessible opportunity and was at the time when we opened our very first studio looking to attract Nordic and international businesses to have a presence in its capital.

“We have been based in Riga since 2006 and been able to build our European leadership thanks to its qualified workforce and stable technological infrastructure. We also value the overall safe and business-friendly environment.”

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