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Evolution In Regulatory Crosshairs After Illegal Gaming Accusations

Dec. 03, 2021 10:59 AM ETEvolution AB (publ) (EVGGF), EVVTY13 Comments
Ben Howard profile picture
Ben Howard


  • Since a U.S. law firm accused Evolution of operating in illegal gambling markets, the stock has fallen almost 30%.
  • I believe Evo's future secular growth story is intact and they're still producing excellent numbers.
  • Evolution is claiming the accusation was intended to intentionally discredit its business meaning if they're able to clear the accusation, the stock may potentially experience a swift catalyst.

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The thesis I published for Evolution (OTCPK:EVVTY) (Evo) back in October is still completely intact in my opinion. I believe the online gaming industry, specifically live casinos and random number generator casinos will continue experiencing secular growth over time. In my opinion, much

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Ben Howard profile picture
My investment focus revolves around growth-oriented equities with affordable relative valuations. While my focus is on large-cap equities, I am not constrained to specific sectors or industries within my investment strategy.Using a fundamental and valuation-driven approach, I seek investments with the potential to outpace the S&P 500 on a short to long-term basis. My strategy also utilizes a tactical approach on a short-term basis to reposition my portfolio in an attempt to mitigate downside risk.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of EVVTY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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