Thank you very much. Good morning, everyone. Welcome to the presentation of Evolution's year-end report for 2020. My name is Martin Carlesund, and I'm the CEO of Evolution. With me, I also have our CFO, Jacob Kaplan. As always, I will start by giving some comments on our performance for the quarter. I will then hand over to Jacob for a closer look at our financials, and after that, round off the presentation with an outlook for 2021. Then we're happy to take questions. Next slide, please. I'm pleased to present the highlights of Evolution for the full year 2020. It's been a fantastic year for us despite the operational challenges that the pandemic has caused. Our strong results comes from the combination of our innovative product portfolio, global demand as a result of these products and innovations, and our constant pursuit of cost efficiency. Recently, we released the first-ever live casino version of Craps to our online platform, and it has been very well received in Europe, but it is primarily, of course, aimed to soon strengthen our portfolio on the North American market. Crazy Time, which we released this summer, and which is one of our strongest releases ever, is an example of successful 2020 additions in the game show category. Our game shows are becoming increasingly popular and attract new categories of players, also outside what is usually defined as online casino. We invented the game show category and added that to online casino to increase the entertainment factor and enable new player groups. Now after a few years, I'm very pleased to see the traction they have now. In December 2020, we broadened our product offer and expanded into a new vertical through the acquisition of NetEnt. The acquisition brings together some of the online casino industry's most renowned brands into a single powerhouse, fueling our ambition to become the world-leading provider of online casino. I want to point out that the 2020 year-end results also include EUR 19.4 million non-recurring restructuring costs. The acquisition of NetEnt was completed on December 1st and consequently is included in the P&L from that date. I will later in this presentation get back to some more details regarding NetEnt. I should also mention that the board proposes a dividend of EUR 0.68 per share, equivalent to 51% of the net profit 2020. All in all, we round off 2020 with strong financial results and come into 2021 with a strong momentum, which makes us well-placed to further strengthen our market share and continue to widen the gap to competitors. Next slide, please. Let's look at the fourth quarter and focus on the results adjusted for non-recurring restructuring costs. We continue to see worldwide strong demand for Evolution Live and a revenue increase of 51% for the quarter compared to the same period in 2019. We see growth in Slots of 5% if we look at the whole quarter and compare it to the NetEnt report figures for Q4 2019. EBITDA margin adjusted for non-recurring costs, sorry for that, was 65.1% and amounts to EUR 115.6 million, which is an increase of 107% compared to last year. The contribution from NetEnt to this figure was EUR 9.2 million. I'm particularly pleased with the positive strong momentum in player numbers and engagement levels for our products, which continues to drive high volume increase in our network and how this together with our cost efficiency has paid off in our strong results also for this quarter. All in all, I would like to sum this up as nothing but a fantastic achievement by all Evolution's team members. Next slide, please. Let's look a bit closer on the acquisition of NetEnt and how we see that contributing to the company short and long term. Next slide, please. Our longtime ambition is to become the world-leading provider of online casino. The addition of NetEnt and Red Tiger adds a second vertical and two great brands, which together with Evolution's stronghold in Live Casino, takes the group a significant step forward towards this ambition. As a group, we are committed to creating the best gaming experience for every player in both Live and Slots, as well as the mash-up between the two verticals. In recent years, Evolution has redefined Live Casino by creating the game show segment, which combines the Live products with RNG elements. I'm excited to explore what can be done now that we add Slots. We see strong revenue synergies as well as cost synergies, and it's ahead of our plans on delivery. With acquisition, we're taking an even stronger position on the North American market, but we also see positive effects of strengthening our position on other markets. By targeting the market with a broad portfolio comprising the best of each vertical as well as the ultimate mix of the two, we will be in an even stronger position to capitalize on the opportunities and the market growth. Next slide, please. Following the completion of the acquisition, it was a priority for us to ensure a fast integration. We were well prepared, and restructuring activities started immediately upon close. It might be seen abrupt or even brutal, but I strongly believe in building one company and move fast towards the future instead of getting stuck in a long-term integration project that often never ends and have vague deliverables. We're in a fast-moving industry that at the moment are on the edge of changing from land-based to online. It's an exciting time, but we need to work hard to deliver to earn our position on this market, and we need to do that as one company with multiple brands. To act like one team, relentlessly push forward towards the future is important, and therefore this restructure needed to be fast. Cost initiatives have been implemented that will result in approximately EUR 40 million, which is EUR 10 million more than previously communicated. This effect will happen during the first half of 2021, about six to nine months earlier compared to the pre-deal announcement. Moving forward, our focus will be on developing the new company without losing speed on any vertical. Through our shared emphasis on product innovation and the ultimate player experience, and by utilizing combined knowhow from the new organization, we aim to speed up our market penetration and increase the gaps competition even further. We will continue to strengthen our strong position in Live and at the same time expand our Slots business into new markets. Next slide, please. Let's now move to some more details for Evolution Live only. Next slide, please. In 2020, we launched a record number of 12 new games. This includes several new releases in our award-winning game show category and a new twist on casino classics such as Craps Live. Craps Live is, of course, very interesting as it focused specifically on the U.S. player, and it's set up to go live there during 2021. All in all, and as the results show, it was a strong product year for Evolution. Let's look at the future and the roadmap for 2021. We will continue to expand our range of immersive and engaging game shows, utilizing the newest technology and live casino innovation to appeal to an even broader spectrum of players. In addition, we will continue to build the success of our First Person range, and we are also working on new games and features to support continuing growth in the Asian market with tailored content for this region and its players. The demand for our classic games such as Roulette and Blackjack and Baccarat remains high, and we also continue to develop variants and unique twists to these game libraries. With NetEnt as part of Evolution, we will blend NetEnt player favorites into the world of Live Casino to create a new wave of games that provide players with yet more truly unique entertainment experiences. Needless to say, I'm very excited about the coming game launches for 2021 for both Evolution Live and Slots. Slide, please. As you know by now, bet spots is a good indicator for the activity in our network. The positive trend with a strong increase of bet spots that we have seen all through 2020 continued and accelerated in the fourth quarter. The number of bet spots from end users amounted to 15.3 billion compared to 7 billion the same period last year, which is a growth by 116%. Historically, the bet spots have increased at a steady rate, but in the second quarter 2020, we experienced a strong increase in volume which has been continued throughout the year. This is partly a result of many new players being introduced to Live due to the pandemic limiting land-based and other play. Meanwhile, another explanation and reason is the impact for our increasing range of game show-style games that generate a high volume of smaller bets. Crazy Time, which launched last summer, achieved a phenomenal success and became an instant player favorite, peaking at record levels of concurrent players. The game show vertical is an important part of our offering since we have found completely new player groups and increased our market with these unique games. We, of course, need to note that the pandemic has a positive impact on the activity in our network, but we also need to note that it's very challenging to operate during the pandemic. We are simply not operating at full capacity, and especially in the U.S., we have had challenges. In the end of Q2 and Q3, I stated that the effects of the pandemic were neutral or slightly positive for Evolution Live, and that is still a valid statement. Next slide, please. In addition to our product development, we continue to invest in the future in forming new studios. We have been delayed by the pandemic, both in expansion in 2020, but with additional U.S. states getting ready to regulate and very high demand in Europe, we now need to work hard to increase capacity. We opened our second U.S. state, Pennsylvania, in May 2020, and during 2021, we will expand into Michigan with a new state-of-art studio. Following the acquisition of NetEnt, we expect our U.S. footprint to grow at higher speed. NetEnt has held a leading position in New Jersey, which was the first U.S. state to regulate since 2015. NetEnt games has also went live on the first day of regulation in Pennsylvania in 2019, West Virginia in 2020, and in Michigan 2021. During this quarter, we also went live with a mid-sized English-speaking studio in Lithuania. To meet the high demand in primarily Europe and Asia, we are also currently evaluating additional options for new studios in Europe during the year. Next slide, please. Let's move to a few slides on the whole group of Evolution. Next slide, please. Due to the pandemic and the related restrictions, we opened fewer tables than planned during 2020 and fewer than demanded. As a consequence, the headcounts were lower in the second and third quarter than in the first quarter. We are now expanding in all locations, at the end of the fourth quarter, we reached 8,700 employees. Our teams work with an ungraspable number of different things on a daily basis. There are a lot of hard work behind each and every number that I present to you. Our Evolution team ensure that we stay on one step ahead in product innovation and never lose sight of quality or reliability. They are the ones to ensure that we pay attention to the small and sometimes actually big details. Evolution is many things, but most of all, we're a people company. Since start, our focus has been to recruit the best talent in each market, and that remains ever as relevant today. We continue to see a high demand for tables and we'll continue to grow with our customers. Therefore, I expect the number of employees to grow fast as the pandemic allows during 2021. Next slide, please. This slide shows the breakdown of revenue by geographic region, and it's an evidence that the demand and growth is truly global. The Nordics is a stable region, even if our smallest, contributing with about 6% of the total revenue. During 2020, the growth was moderate up until the fourth quarter, where we saw stronger development. You can see the same break of negative trend for the U.K. in the fourth quarter. The year-on-year comparison shows a growth of 16%. The rest of Europe continues to develop well and constitute about 46% of revenues. The growth rate year-on-year amounts to 28%. As we have seen during the past year, Asia and North America are growing very fast with the year-on-year growth amounting to 137% and 91% respectively. We see good potential in both these markets and expect to continue high growth rate going forward, particularly as we are small actually in Asia and with the recent regulatory movement in U.S. and the coming Michigan studio. Other, including South America and Africa and remaining part of the world, shows good growth of 68%. In the long term, we see that the South American market is promising. During the quarter, Evolution was the first supplier to launch live casino games in the newly regulated Colombian market. Revenues from regulated markets shows a growth of 52% and constitutes 36% of revenues. Increase in the share of revenue from regulated markets is partly due to the growth in U.S. and Nordic, as well as that we have operated more than [tables] in the quarter. A large part of our table seats are in the regulated markets category, and due to more tables in operation, those fees are high in Q4, and it also increases the percentage share of revenue from regulated markets in the quarter. I will now pass over to Jacob, who will take you through the financial details. Next slide, please. Thank you, Martin, and good morning to all of you listening. Now for a couple of slides with a closer look at our financial development during the period. I'm on slide number 14. This slide shows the group's performance adjusted for the non-recurring restructuring cost of EUR 19.4 million. Revenue amounts to EUR 107.7 million in the fourth quarter. That includes EUR 17.8 million from the acquired NetEnt business. NetEnt, as mentioned a few times now, is included with one month in the fourth quarter P&L, so from 1st December. Our Live Casino business has developed really well in the quarter. Revenue from Live Casino is about EUR 160 million in the quarter. That's comparable to previous quarters in this chart, and as you can see, a EUR 20 million or 14% increase from the third quarter of 2020, and compared to Q4 2019, a growth rate of 61%. The strong performance is really across all products. As Martin mentioned, both our traditional table games as well as new game releases from 2020, including Crazy Time that was launched earlier this year contributes. In this quarter, the new game release is the Live Craps game, which has found an audience also outside of, let's say, home market of the U.S., where it will be launched later this year. The second wave of the pandemic that we've seen in most countries during the end of last year has given a tailwind to all online activity, including online casino. As you see in the blue bars in the chart, we had a very good growth also coming into 2020. The current growth rate is definitely not only related to the pandemic. Something we do see is that many new players who have found our games earlier this year are staying in the network, and that's positive and contributes to growth. The Slots business also finished the year with increased volumes in December. Looking pro forma for the full fourth quarter and comparing to the same period 2019, we estimate growth at about 5%. Our ambitions for growth are higher, and as Martin mentioned earlier, we feel good about the product development and the growth prospects going forward, maybe especially during the second half of the year when we will see some results of our joint product development. We enter 2021 with mid-single digit growth in this area. The Slots business will make up about 20%-25% of group revenue as we come into 2021. In Q1 and going forward, we will report Live and RNG revenue separately. You will be able to follow this development going forward. EBITDA for the quarter amounts to EUR 115.6 million. Again, this excludes the EUR 19.4 million in restructuring costs taken in the fourth quarter. EBITDA margin is 65.1% in the fourth quarter. This is the highest level we achieved for a single quarter. Our guidance for full year 2021 is that we aim to reach the fourth quarter level also for the full year 2021. Aiming at about 65% for full year 2021 EBITDA margin. There are several balancing factors affecting margin. One, we add business right now with slightly lower margin coming into the year, but we will have cost savings through these synergies as the year progresses, which should support margin. Two, as we've stated before, we will prioritize growth over margin, and hopefully we will let tables open more tables and also expand more rapidly in, for example, the U.S., than what we have been able to do during the second half of 2020. We are right now somewhat boosted on the margin side from the special circumstance that has come with the pandemic, high volume, but with fewer available tables. You see that in the slide that the margin actually, you see that jumped up to a level from the second quarter. As the pandemic hopefully lingers off, we should be able to expand faster. This could pressure margin some in the short term, but on the other hand, our scalability should mean that the growth in top line also supports growth in margins. Some of this, some of that, all in all, we think the 65% level is a reasonable expectation right now for 2021. We'll, of course, come back to this as the year goes on. Operator, let's go to the next slide, please. This slide shows our P&L in a bit more detail and as reported, meaning it includes the non-recurring items excluded on the previous slide. Walking through the items from the top, again, we see revenue of EUR 177 million, the 68% increase year-on-year, including the one month of the NetEnt business. For the full year, revenues are just over EUR 560 million and growth is 53%. Organic growth is just under 49% for the full year. This is a quarter with several moving parts, especially on the cost side, we'll try to sort them out for you here. Operator, let's go to the next slide. This zooms in a bit on the cost here. Going forward, we will not report NetEnt as separate business unit. We will report revenue separately, as I mentioned earlier, but operations will be fully integrated, which Martin also stated early on here that we're working hard to create one company. However, trying to sort out the pieces here in Q4 so that we all have a common starting point. Let's walk through this. The reported operating expenses amount to EUR 92.8 million. You will recognize that number from the previous slide, whereof EUR 38.6 is personnel expenses. NetEnt adds about EUR 33.4 million here in Q4, making the comparable underlying increase about 6% from the same period last year for the rest of the group. Depreciation includes EUR 2.9 million related to amortization from the deal and about EUR 1 million from the underlying NetEnt business, making the depreciations for the underlying Evolution business EUR 7.6 million, and that's also an increase of 6% compared to fourth quarter of 2019. Then in other operating expenses, that's reported at EUR 42.8 million in the quarter. This includes the restructuring cost that we mentioned earlier of EUR 19.4 million and so an underlying increase of EUR 1.3 million in the quarter. Those are the main items affecting comparability between the fourth quarter and the same period last year. I'll repeat what we said before. We will run Evolution as one business, so we'll probably never see such a neat and tidy slide again as operations are integrated continuously and the lines get blurred. This gives an explanation of what has happened in the fourth quarter. All right. Operator, let's go to the next slide, please. That takes us back to the full P&L. If I continue down from operating profit, financial items just over EUR 800,000 in the quarter, bringing us to profit before tax of just around EUR 84 million. Tax rate is 4.1% in the quarter, slightly lower than normal. For the full year, 4.7%. Profit for the period, EUR 80.6, which includes the non-recurring items as mentioned earlier. Earnings per share, EUR 0.41 per share in the fourth quarter, EUR 1.51 per share for the full year 2020. That's an 84% increase compared to 2019. That completes the P&L. Operator, let's look at the next slide, please. Before I hand back to Martin, a look at cash flow and financial position. Starting to the left in the slide, the chart shows the development of capital expenditure. The gray bars, that represents investment in tangible assets, mainly our studio constructions. It's just over EUR 6 million in the quarter. The blue part of the bar is investment in intangible assets. That's related to development of new games and features to the platforms. It's EUR 4.7 CapEx related to intangible assets in the quarter, slightly up from previously this year. Total CapEx for the full year is almost EUR 37 million. This follows our guidance for 2020. It's up from about EUR 30 million in 2019. Again, as Martin said earlier here, we will continue to invest in new studios and products. We're expecting a continued increase in CapEx for 2021. However, in relation to revenue, I think we'll see that trend continue down as revenues will increase even faster. In the middle of the slide, we look at operating cash flow. Cash conversion slightly lower in the quarter, still on a good level at nearly 80%. To the far right in the slide, look at the balance sheet. Here there are some changes from the previous quarter. The increase in non-current assets is related to mainly the goodwill and other intangible assets from the acquisition. On the equity and liability side, you can see equity increases with the new share issue that's also taking place in the quarter. During the quarter, we have repaid the debt that came with the NetEnt acquisition, but still maintain EUR 220 million. In cash. The board has proposed a dividend of about EUR 145 million, that's EUR 68 per share. It's the same payout ratio as last year, 51% on that profit for the year, and also in line with our dividend policy of 50% payout. I'll stop there. That was the end of my prepared remarks. Back to you, Martin. Thank you very much. Let's move to the outlook slide for 2021 and a few comments from me. I'm very pleased to conclude a strong quarter and an overall very successful year for Evolution, which has included many important achievements, both in terms of financial results, product launches, and addition of a second vertical and two strong brands to the group. Around the 2021, with a good momentum and equipped with extended product portfolio and talent following the completion of NetEnt acquisition. While integration is well underway and we already can see the results of past action in this area, 2021 will continue to be about how we can leverage the joint knowledge, the experience, and ambition of our new company and productize it through new thrilling player experiences. As always, cost efficiencies will remain as important and our efforts to restructure the cost base to reach an increased effectiveness will continue, and we expect to sustain margin levels from Q4 in 2021. The events of this year have highlighted the potential in online casino product. Although the land-based vertical still stands for a majority of the total casino market, we are excited to play a role in the digitalization industry as more and more players experience online casino through our games. The rate at which land-based will convert to online over the years to come remains unpredictable. However, we have our growth runway in place to capitalize on the development. 2020 has been an unexpected, partly very difficult year, but also fantastic. Our teams have worked hard to keep the business running through the effects of the pandemic, and I want to take this opportunity to once again highlight the thousands of individuals that Evolution is built of and who together with the management make these figures and products presented today possible. Evolution's core is based on a shared desire to win and to collectively, constantly push ourselves to the next level, make Evolution better every single day. Thank you for listening. Now, let's move to the last slide and your questions. Thank you. Thank you. If you have a question for the speakers, please press zero one on your telephone keypad now. Our first question comes from the line of Martin Arnell from DNB. Please go ahead. Good morning, guys. Morning. Just firstly on the new studios. You're launching in Michigan soon on the Live part, I guess. Can you tell us more on the timing for that and what restricts you from just having one or two rooms open in Michigan so far? We have commented the timing is that it will be 2021, and we will of course do it as soon as possible. We want to open a state-of-the-art studio in Michigan. It needs to be the size so that we can support the market, and it will open gradually and as soon as possible. Okay. How has the NetEnt launch been received there in Michigan so far? Good. We're pleased with the launch in Michigan. Okay. Looking at your dedicated tables capacity now compared with three months ago or even nine months ago, I guess it's not really where you expected it and hoped it were going to be, but can you give us some flavor on how much capacity you're up with as a percent of your total? I would put it in two answers to that. We are actually where I thought we should be, or even a little bit better. We're coming out of the year a little bit better even than what we planned. On the other hand, of course, if this would have been a normal year, we would have been much further. When we went into the pandemic and we had to close tables and make this restructure, we took down the capacity. From that point, we are where we should be. Coming into 2021, I of course hope that the pandemic, as everyone else, that it comes to an end, and that we can fully expand, and recruit, and build because we are under-supplying at the moment. We have a high demand of what we supply. How does it work when you're selling these dedicated table to new customers? Can you sell future capacity now, or are you restricted in those kind of discussions? That works like in any other business. You can of course sell, but you have to also be careful not selling what you can't deliver. We can sell right now. There's no limitation for that. Okay, great. Thank you. On NetEnt, the synergy scenarios, what have you learned there? What's really changed? It's quite a dramatic change and raise of the synergies and also the timing for the synergies. I'm just interested to hear what's changed. When you go into a deal of this size and make an acquisition of this size, when you make the pre-deal announcement, you don't really know. As you go into the company and see what you can do, of course, you get more substantial information. Right now, we feel confident that we can deliver the EUR 40 million, and it will be 6-9 months earlier than what we predicted before. We were well-prepared, have done an integration of NetEnt, which is rapid, and even as I said earlier, maybe even looked brutal. We want to move fast into one company, and we want to build one strong unit with everyone and every knowledge. That shows also in the figures and the reason for the earlier delivery of the EUR 40 million. Where do you think you can have your RNG growth looking further out? Do you think you can be above 10% on RNG? We don't guide on the growth of the RNG, but of course, as before, on the EUR 30 million level, we see the synergies on revenue higher than the synergy on cost, and there's both geographical growth that we see, and of course, there's great potential for RNG in the U.S. as it continues to regulate. We also see that we can do these new products and continue to sort of develop and innovate on our casino with both Live as well as Slots and the combination in between. Okay, thanks. On your margin target for 2021, does that include more aggressive expansion in the second half of the year when hopefully the pandemic has lingered off, as you mentioned? I wouldn't say there's any specific assumptions on that. The moving parts are a little bit like we said. If we can expand a bit faster, we will always go for that. In a quarter, that can lead to a little bit higher cost in a quarter, which might pressure margin, but then at the same time, that should lead to higher top line, which in the end would support margin. We've given it. It's kind of a full-year guidance. We'll probably see it vary quarter-to-quarter, and as the year progresses, we'll be able to come back to it, but that's kind of how we see it now as a more of a high-level view. Okay, thanks. On your new games, the timing for the game launches, is that similar this year, that you will start gradually from February and have gradual rollouts during the year? How should we view the timing for new games? Yeah. It will be the same procedure, except for the fact that we don't do it. Okay, thanks. Just my final question is on the start to 2021, is that driven by sort of good ARPU and volumes? We have great momentum coming into 2021, it's driven off a lot of different factors. I'm very thrilled about the player numbers and engagement levels. Okay. Thank you, guys. Thank you. The next question comes from the line of Ed Young from Morgan Stanley. Please go ahead. Good morning. Thank you for taking my questions. The first one is on the revenue synergies you just mentioned. You've highlighted above EUR 30 million of revenue synergies for the year. The way that was in the presentation was in the section on NetEnt, if you like. Can you talk about what you mean exactly by revenue synergies? Is that extending NetEnt into new geographies? Is that including new kind of hybrid products? Just trying to get an idea about how to frame the upside you've talked about for 2021. Essentially, both that and also more, it's of course including what we could do as product innovations in between Live and Slots. It's also what we can do with Slots as they are right now because of the competence we have of the player base and the network we have. It's also, of course, how we can monetize the Slots in our Live environment, as well as how we can monetize Live in the Slots environment, meaning how we will make it possible for players to seamlessly use both products, as well as, of course, the geography where we see that we are stronger in some, and NetEnt is stronger in others. Okay, thanks. We'll keep our eyes on the lobby, I guess. Yeah. On the U.S., the initial data for your Michigan Slots launch looks obviously very positive. On the Live side, can you tell us what scale you're at currently in terms of tables in the U.S. at the moment, or where you could get to this year? I'm trying to think how big can a U.S. studio be? Also, how should we think about the level of game choice that these studios can provide at this scale? You've mentioned Craps will go there in 2021. Clearly, they're quite small studios compared to some of your other studios. What other kind of games do you think is viable for the scale we're talking about? In that context, there's obviously recent Wire Act news. Can you give your thoughts on state level versus nationally scalable studios? How do you think the environment will shake out there? There's a couple of questions there. I would say, when it comes to the game suite for the players in U.S., our ambition is that the U.S. players should have a full suite of games, meaning all the beautiful games that we can give to them, given that the regulators on each market allows them. There are different regulation in different states, and that is sort of also limiting or enabling different games. The U.S. market, there's no limitation from our side. We should give them the full suite of games. When it comes to the tables and how we will expand in both New Jersey, Pennsylvania, Michigan, and potentially coming states beyond that, we will expand during 2021 as much as the pandemic allows, as fast as we can. The only limitation for that expansion right now I see is the pandemic. We are under-supplying, we need to do more. It's very hard for me to answer because no one actually knows exactly how this will play out. Now we're talking about third wave and so on. There's difficulty in stating anything about that. There were a third thing. Remind me what was the third? Just on the Wire Act, obviously, there's a chance to potentially move towards more nationally scalable- Sorry. The Wire Act now, the recent development is that it's been softened, as you know, meaning that potentially you could take bets over state borders. We are providing Live Casino, there's substantial amount of workspaces and employees in that, and it's a little bit up to the regulator to state if they want to have them inside the state or outside or somewhere else. At the moment, the regulation and regulatory requirement for each state states that it has to be inside the state. It has to be, even though the federal level would allow it has to be changed on a state level as it is right now. I have no knowledge or actually visibility if that will happen. From our point of view, I don't view to build a studio in each state as a problem. Even if we need to build 43 studios the coming years, we will do that. The market is substantial. We have scalability. We have scalability on the size of the states, and even if we wouldn't have scalability in one or other state, we would supply Live to those states. Understood. My final one's on geographic growth. You ran through it earlier, obviously that's a geographic mix on a reported basis, so it's a little hard to back out the growth rates. You mentioned Asia was very strong, triple digits. I think you said 137%. That obviously includes a bit of contribution from NetEnt, maybe not a lot because it wasn't a big business for them, but that's still actually the lowest rate of the year, suggesting that the acceleration you saw in the live business came from a strengthening of other regions. You mentioned Nordics a little bit. Can you give us some color on that and any other regions where you saw a strengthening quarter-on-quarter? Probably Jacob will have a comment as well. We start with Asia is growing very fast, and the contribution from NetEnt in those figures are insignificant. That's the first statement I want to say. Right now, you don't need to think about it in that aspect. We see a continuous strong demand, very strong demand in Asia. As we stated in the report, we see high growth rates there going forward. When it comes to the Nordic, of course, there is a bigger effect when it comes to the growth rates and NetEnt, because that's a big market for NetEnt. We sort of turned the corner in the Nordic, even so in Q4, in Live. The pressure on the market is less, and we see growth, just like we do in U.K. It sort of turned the corner. How long and what happens and the regulatory aspects of that we have to look into once we move further into 2021. You want to add something? Not really. I think that we see a very high growth rate overall for the business, and it kind of comes through in all regions, and a little more in some and a little less in others. I don't know. I don't know, [audio distortion]. Maybe Europe is growing very nicely during Q4. That's strong. I don't know if you were getting at. Okay. That's all I had. Thank you very much. Thank you. Thanks, Ed. The next question comes from the line of Oscar Erixon from Carnegie. Please go ahead. Thank you. Good morning, guys. Morning, Oscar. Morning. A couple of questions from me. First of all, interested to hear what type of reactions to the acquisition of NetEnt have you seen from customers and partners? Any sort of negative reactions? Positive? What potentially, if any, do you see from renegotiating deals or combining the sort of offerings in, not least the U.S.? Thank you. I think that everyone is excited about what we can do for the players and how we can actually do new games, and now we've got another tool to do that and lots of talent and fantastic people inside NetEnt to build new great games, both in slots and live and in between. I think that everyone is thrilled about that, and I think that the industry in general needs to move on with innovation. From that part, positive feedback, I would say. I want to state also added to that, we need to continue and earn the trust from every operator, and I think that we have an even greater possibility to do that now with these tools. Great. It seems like you're sort of quite close to launches of new games with a special focus on the game show vertical. Is it possible to give any color on the number of new launches that you expect, and also how you feel about them? Anything that sticks out? What's needed, you think, to take it to the next level from this very high level, I should say? We will, of course, make public announcements when we release the games. Now we're in a bit of a special year since it's snow, and we'll look into how we'll do it. The only statement, of course, that I made several times is that I'm very thrilled and excited about the roadmap for 2021. We have, as always, high or even extreme ambitions when it comes to product development. Great. Also want to touch upon the strong performance in the rest of Europe region. The German market in particular, which you commented on in Q3. What have you seen so far in Germany? I suspect the smaller players that are not going for license, given the tough regulatory measures, are growing quite fast and capturing a lot of market share. Is that your impression as well? As we stated in Q3, we have a 5%-10% revenue from the German market. Due to regulation, we of course, have had a hit or a downgrade of the levers since then. How exactly that splits between the players, we have no real information on that. Just a final question from me. What reasons do you have to expect that the growth you've seen this year, high engagement levels, high player numbers, what reasons have you to expect that this is more of a structural shift that will benefit growth over time as the COVID-19 situation normalizes? Any sort of data or input you have on that? I will start now, or maybe put some comments from Jacob. In the world, the pandemic initiates a paradigm shift from physical whatever to online. That is not exclusive to online gaming or online casinos. It's everywhere. We all know it. We see that. Now, for us, as we have 8,700 employees, we are affected also physically. We're a physical company to a great extent, and it's very challenging to run. When I come out like it's slightly positive, maybe neutral, that's because it's hard to operate. Now, in the going forward, I think that many people, billions even on the earth today, think about how to make business online, and that will affect and potentially increase the speed of moving from land-based or physical whatever to online. I don't know if you want to add something. No, just there is no way for us to really quantify exactly what is the effect of the pandemic or not. I think as we said before, we knew that we had very strong growth coming into this period, so that didn't disappear overnight. At the same time, it's also reasonable to say that more or less all online activity has gotten a bit of a tailwind from the people spending more time online, basically. There's something there. I guess we won't truly know until it resides. Like Martin said, no doubt about it, if we could make the pandemic go away, that would be better for us. We would be able to expand more and again, it's back to that, we're really trying to grow as much as possible. Of course, with the best margin we can do. If there's a trade-off, we will go for growth. It's holding us back in some sense. Perfect. That's it for me. Thank you very much. Thank you very much. The next question comes from the line of Kiran Dindayal from Bank of America. Please go ahead. Hey, morning, guys. Morning. My question focuses mostly on the U.S. You've spoken about North America demand being exceptionally high. Maybe if we could get more color around that. I think most of us are following the B2C guys that are investing heavily in marketing in the U.S. To what degree is the high demand being driven by a higher-than-anticipated demand for maybe branded tables? Maybe a comment on what you're seeing in terms of the U.S. end customer trends. Is that actually better than anticipated as well? Thank you. I think that what we call share of live is still on the low side in the U.S., there's potential to grow inside the market even if the market would be stable. There's a dimension to grow there. Why? Because Live product is kind of a new product to the U.S. audience. That is one level of growing. As online is coming, it's growing in itself, of course, taking people slowly getting accustomed instead of going to land-based casino, then they stay online, and that is also growing. The trustworthiness is also then growing with us being there, and people know it, and they are willing to play with our product as a trust builder. The demand is built up not only by customers wanting dedicated tables. The demand that we see right now is built up out of The market is simply slowly maturing and getting more focused. I would look at it that way. Okay. That's very clear. In terms of U.S. studio expansion, we know Michigan's being built up at the moment. New Jersey and Pennsylvania, are the expansions for those already in the works? I know there's some restrictions, I believe, around the New Jersey studio. Is there actually potential to expand that this year or not? The expansion in Pennsylvania is already on its way, underway. We're expanding as fast as we can also in Atlantic City and New Jersey. We're expanding already the fourth building in Michigan, sort of taking on larger studio premises already from the start. Perfect. The last question around competition in the U.S. So far you've been the big player. Are you seeing anyone out or any other players that you haven't dealt with before in that market, in the U.S. market as a European? We're still alone on the U.S. market. We should expect competition. It's a huge market, online casino, and Live will become huge and we should expect competition. I'm not afraid of that. We have the best product. We should increase gaps competition. There will be competition like it is in Europe. Anything else would be unlikely. Perfect. To finish up just on Asia. Is Asia momentum going to continue? I think that was the last comment. Given it's being driven by market share capture, is that still the case, or are you worried about any COVID lapping there? We see a great momentum and growth in Asia, and we expect it to continue to grow at a high rate. Okay, perfect. Thank you. Just as a final reminder, if you do wish to ask a question, please press zero one on your telephone keypad now. Our next question comes from the line of Lars-Ola Hellström from Pareto. Please go ahead. Hi, it's actually Inbox Capital today. I moved over to the buy side. Hi, Martin and Jacob. Hi. I have a few questions. First, on the cost synergies. Going into 2021, on what run rate are we now? NetEnt was close to having saving EUR 15 million, and you at acquisition said additional EUR 15 million and now EUR 10 million. Right now, where are we? The EUR 40 million in cost saving, will that be achieved going into the second half of 2021? Yeah, that's what we're saying now. We will see this kicking gradually during the first half of the year. It's kind of the plan right now. I would say the full effect will sort of come from the start of the third quarter, I guess, say that. We haven't broken out exactly to what extent. Some of these savings were initiated also pre-deal, that's ongoing. Some of that we see already. The initiatives that we've done now in December, from December will start having effect. Some already now, then sort of gradually during the first two quarters, yeah. Okay. You usually provide something at the fourth quarter reports where every year you said something about operated tables. Can you give us a hint where you are in terms of operated tables? Yeah. I think you're right. We will provide that number. We normally do. I'd say we are back to the levels we were pre-pandemic, even a little higher than that. Over 700 is kind of a rough number. We will include it in the annual report as normal. More or less what we've said. Like Martin said, the number of tables is there. It's of course, it's not been like for like studios. We've added studio space during the year. It's not that everything is back to normal. That's not the case. In number of tables that we operate, we're more or less back. Another question just to dedicate to NetEnt and Evo. Going into 2021, after the restructuring you had made in December, how many of the NetEnt employees is still left? What share of the 8,700 legacy Evo employees? Let me see if I can find it. I think it's 818 related to NetEnt, and the 8,700 are from ex-Evolution or what you want to call it. Yeah. On the revenue synergies of EUR 30 million+ for this year, will that be tilted as slot revenues that you are bringing NetEnt to your customers in Asia? It's a bit too early to comment, and we won't sort of tilt it to one or the other direction due to we want it to be Slots. We just need to focus on the best user experience and the best product on the market, and we'll see where it sort of lands. Also, I noticed that the NetEnt margin that you report for December was below the Q3 level that NetEnt reported. Was that burdened by some special items, et cetera, or was it just lower volume on the costs? It's a little lower. Still, it's one month and of course a lot of moving parts. We, of course, try to capture some of those one-off things that are in the non-recurring items, but you don't capture everything. I wouldn't make too much out of that one month number. Also another NetEnt specific question. I guess they have had a larger exposure to Germany compared to what you had. We, for example, saw Betsson was 70% down in Germany last week of December. Have you seen that effect from NetEnt as well? We haven't studied any numbers. I would say the effect, it's about what we said in the third quarter. We see a significant drop in German volumes. Once the regulation is in place, we hope that will come back. You're right, the effects are maybe a little, but I wouldn't say it's a huge difference. Yes, Germany negative in the fourth quarter. The final question here is a topic I used to come back to, is with the GVC contract. Are you now at the table in discussion with the Ladbrokes Coral brand, or is it some kind of time period where Playtech has exclusivity? It's a good question. However, I won't answer it. Our ambition is to sign any and all operators, specifically the big ones and others in Europe. Okay. Thank you, guys. Thank you. Thank you as well. As there are no further questions, I'll hand it back to the speakers for closing remarks. Thank you very much for joining this call and listening to our figures. It was a lot of figures, new figures, and we look forward to come back in reporting the Q1. Thank you very much.