Tag: Net Entertainment
Net Entertainment Strikes Deal with PokerStars New Jersey
NetEnt has entered into a licence agreement with Amaya-owned online gaming brand PokerStars in the US state of New Jersey. Under the deal, NetEnt will supply desktop and mobile games to PokerStars, which this week began a soft launch period in the state ahead of a scheduled full launch next week. NetEnt, which already has partnerships with a number of major operators in the state, will now apply for a transactional waiver from the New Jersey Division of Gaming Enforcement to launch operations with, PokerStars. The company’s application for a full licence is still under review from regulators in the…
Net Entertainment Shows Big Profit in 2015
NetEnt has cited a continued growing demand for digital casino entertainment and its products as amongst the main reasons behind widespread year-on-year financial growth across the business during the 12 months through to December 31, 2015. Full-year revenue amounted to SEK1.1 billion (€119.5 million/$134.9 million), which represents an increase of 33% on the SEK851.7 million achieved in the previous year. Operating profit hiked 53.5% year-on-year to SEK401.6 million, while operating margin increased from 30.7% to 35.5%. Elsewhere, profit after tax increased by 53.8% to SEK374 million, with earnings per share also jumping from SEK6.09 to SEK9.34 after dilution. Other key…
Net Entertainment Launches Pyramid: Quest for Immortality
Net Entertainment (NetEnt) has launched a new mobile and desktop video slot in the form of ‘Pyramid: Quest for Immortality’. The Ancient Egypt-themed slot title features wild symbols as well as NetEnt’s Avalanche re-spin feature. Re-spins will occur if there are any win of three symbols and above in any way. Simon Hammon, chief product officer at NetEnt, said: “With Pyramid: Quest for Immortality, NetEnt will immerse players in the exotic world of Ancient Egypt. More at iGaming Business
Net Entertainment Shows Strong Second Quarter
Per Eriksson, president and chief executive of Net Entertainment (NetEnt), has revealed that the company was able to achieve ‘strong’ year-on-year growth in the three months to June 30, with the firm now significantly better off than it was this time last year. Revenue in the second quarter of this year amounted to SEK271.2 million (€28.9 million/$32.1 million), up 32.3% on the SEK205 million that the firm posted in the corresponding period last year. Operating profit in the second quarter also grew 63.3% on a year-on-year basis to SEK92.7 million, with operating margin improving from 27.7% last year to 34.2%…
Caesars Interactive Makes Deal with Net Entertainment
Net Entertainment (NetEnt) has entered into a content distribution agreement with Caesars Interactive Entertainment (CIE). Under the agreement, content developer NetEnt will provide a full suite of casino games for both desktop and mobile to CIE, which has operations across online, mobile and social platforms in the US. The deal will initially cover CaesarsCasino.com, CIE’s online gaming brand in the state of New Jersey. NetEnt has not yet been granted permission to offer games in the state, but has applied for a licence and is awaiting approval from New Jersey regulators to commence operations, while its application for a full…
Net Entertainment Enters Land-Based Gaming via William Hill
Online gaming content developer Net Entertainment (NetEnt) has expanded its services into the land-based market after launching games across William Hill’s UK retail network. As reported by iGaming Business, NetEnt last year struck a deal with William Hill to provide the bookmaker with games for its licensed betting shops in the UK. After a successful integration process, these games will now be made available in shops around the UK, with the first of these titles to be launched gradually over the next few weeks. Per Eriksson, president and chief executive officer of NetEnt, said: “We provide leading-edge digital casino solutions…