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Also final month, Spillemyndigheden issued fines to an individual for advertising illegal games across two web sites. As of September, Evolution held 813.3 million euros in money and cash equivalents, with no short-term or extended-term debt. The business only had minor quick-term capital lease obligations amounting to 14.42 million euros and an more 65.71 million euros in capital leases. Remarkably, Evolution has achieved its results with minimal capital expenditures. More than the previous 10 years, the average ratio of capital expenditure to revenue has been a mere six.five%. Given that 2020, this ratio has regularly ranged in between three.12% and 4.16%. Consequently, Evolution has regularly generated a high return on capital over the years. In other news, it was lately reported that in order to strengthen its presence throughout Africa, Evolution has officially entered into an alliance, with South African corporation Kiron Interactive.