{"id":7348,"date":"2024-10-29T14:25:19","date_gmt":"2024-10-29T14:25:19","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=7348"},"modified":"2024-10-29T14:25:25","modified_gmt":"2024-10-29T14:25:25","slug":"unreasonable-union-demands-in-georgia-draw-criticism-from-evolution-ceo","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2024\/10\/29\/unreasonable-union-demands-in-georgia-draw-criticism-from-evolution-ceo\/","title":{"rendered":"\u2018Unreasonable\u2019 Union Demands in Georgia Draw Criticism from Evolution CEO"},"content":{"rendered":"\n<p><strong>Evolution CEO Martin Carlesund<\/strong> revealed the situation for the firm in <strong>Georgia<\/strong> is \u201cstable\u201d with its studio currently operating at around 60% capacity, a level that it hopes will remain after significant disruption caused by&nbsp; union strike action.<\/p>\n\n\n\n<p>Updating investors, Carlesund revealed that the Georgian studio will not return to full capacity after the strike due to \u201cinstability\u201d. Nonetheless, he added that with over 20 studios globally, they are able to offset lost capacity and limit the impact on their customers.&nbsp;<\/p>\n\n\n\n<p>Carlesund stated that Evolution \u201cfully supports\u201d the right of workers to be part of a union, however after much dialogue with the union in Georgia he described their demands as \u201csimply unreasonable\u201d.<\/p>\n\n\n\n<p>He went on to accuse the unions and the media of spreading \u201ca lot of disinformation and blunt lies\u201d, emphasising the importance of them acting in line with legislation as well as union values.&nbsp;<\/p>\n\n\n\n<p>One of the key falsehoods that Carlesund stated had been spread was around the size of the strikes, as he stated around 300 staff were involved as it initially started, which caused minimal impact on the firm\u2019s day-to-day operations.&nbsp;<\/p>\n\n\n\n<p>This then escalated according to Carlesund, when \u201ca small number of non-employees and union activists illegally blocked the entrance to the workplace, behaving violently, vandalising the building&nbsp; and harassing working staff\u2019, which caused \u201csevere disruptions\u201d and led to the \u201csad outcome\u201d of them moving operations.&nbsp;<\/p>\n\n\n\n<p>\u201cNaturally the outcome of this is not positive for customers\u201d said Carlesund, who added that he recently met with regulators in Georgia who \u201csee through the situation with the unions and base their judgements on facts and not social media\u201d.&nbsp;<\/p>\n\n\n\n<p>Remaining in Europe, Careslund described his excitement for \u201cgreat\u201d French market, however revealed that ghosts of French regulation have been around for a long time, yet look a lot more cemented at the moment.&nbsp;<\/p>\n\n\n\n<p>Careslund also revealed that the firm\u2019s revenue in Asia was significantly impacted by a steep rise in cyberattacks.&nbsp;<\/p>\n\n\n\n<p>He underlined that these attacks had always been a threat, however there was an extensive and significant increase in these attacks in Q3. \u201cThe impact of these attacks is hard to quantify, but simply put, someone else is selling our product\u201d, according to Carlesund.<\/p>\n\n\n\n<p>Recovery in Asia from these cyberattacks won\u2019t be a lightswitch, but will instead take a few quarters.&nbsp;<\/p>\n\n\n\n<p>However, he lauded the regulator in the Philippines, as after \u201ccareful consideration\u201d the firm took the step of bringing a studio to the region.&nbsp;<\/p>\n\n\n\n<p>Regulation of the Philippines market is something he believes could be a watershed moment for the Asian gaming industry.<\/p>\n\n\n\n<p>Whilst the headwinds did impact the firm during the third quarter of the year, they did report total operating revenues increased year-on-year by <strong>27.9% to \u20ac579m<\/strong>.<\/p>\n\n\n\n<p>Net revenue increased by <strong>14.7% to \u20ac519.4m<\/strong> fuelled by an increase in RNG for the firm as Carlesund emphasised he is \u201cquite happy\u201d with the firm\u2019s Q3 results. EBITDA also grew by <strong>30.3% to \u20ac415.3m<\/strong>.&nbsp;<\/p>\n\n\n\n<p>Don&#8217;t forget to subscribe to our <a href=\"https:\/\/t.me\/sbceurasia\">Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Evolution CEO Martin Carlesund revealed the situation for the firm in Georgia is \u201cstable\u201d with its studio currently operating at around 60% capacity, a level that it hopes will remain after significant disruption caused by&nbsp; union strike action. Updating investors, Carlesund revealed that the Georgian studio will not return to full capacity after the strike [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":6171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,1,564],"tags":[270,239,10269],"class_list":["post-7348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gambling","category-news","category-slider","tag-evolution","tag-georgia","tag-martin-carlesund"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u2018Unreasonable\u2019 Union Demands in Georgia Draw Criticism from Evolution CEO - SBC EURASIA EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2024\/10\/29\/unreasonable-union-demands-in-georgia-draw-criticism-from-evolution-ceo\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Unreasonable\u2019 Union Demands in Georgia Draw Criticism from Evolution CEO - SBC EURASIA EN\" \/>\n<meta property=\"og:description\" content=\"Evolution CEO Martin Carlesund revealed the situation for the firm in Georgia is \u201cstable\u201d with its studio currently operating at around 60% capacity, a level that it hopes will remain after significant disruption caused by&nbsp; union strike action. 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