The Evolution Gaming Trap

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And then ultimately, you gave your sort of annual disclosure on client concentration. It appears like definitely the company is in a similar shape to how it was perhaps five years ago in terms of your prime 1, two to five customers, et cetera. Do you think there is a case given some of those biggest buyers will inevitably be aggregators? Do you think there is a case for disclosing that information on an operator level basis, which could show more the sort of underlying diversification or sort of concentration, if you like, inside the organization. Or are you just going to stick with — stick with what you’ve provided, which almost certainly appears far more concentrated than I guess it almost certainly is underlying. The core of Evolution is innovation and the end game is entertainment. You want to run the catch up and occasionally take a leap, never ever cease, by no means be complacent, generally be paramount, run more rapidly than anyone else and be a little bit better just about every day. The firm is creating powerful FCF in an asset-light small business and their margins are rising thanks to the economics of the sector and a hugely scalable business model.

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