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NetEnt Press Releases

NetEnt first to go-live with PokerStars Casino in Portugal

George Miller

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NetEnt first to go-live with PokerStars Casino in Portugal
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June 15th, 2018 — NetEnt, leading provider of digital casino solutions, continues its growth strategy on regulated markets and is the first supplier to launch its award-winning games with The Stars Group in Portugal.

After successful technical integration, a selection of NetEnt’s popular games are now available with The Stars Group brands in Portugal. The Stars Group is one of the leading global online gaming companies, with several famous brands such as PokerStars, PokerStars Casino, BetStars and Full Tilt. For both companies, growth in regulated markets is a key part of the business strategy.

Carl Silverstolpe, MD NetEnt Malta and Chief of European Market Operations of NetEnt, comments: “I am very pleased and proud that The Stars Group have selected NetEnt as their very first go-to-market partner for the regulated market in Portugal. We are working in very close and trustful collaboration with The Stars Group worldwide and already have most of our best-in-breed games available to their players. I am confident that our market-leading portfolio of games will support PokerStars Casino’s strategy to deliver the ultimate player experience to its customers in Portugal.

 

About NetEnt:

NetEnt AB (publ) is a leading digital entertainment company, providing premium gaming solutions to the world’s most successful online casino operators. Since its inception in 1996, NetEnt has been a true pioneer in driving the market with thrilling games powered by a cutting-edge platform. NetEnt is committed to helping customers stay ahead of the competition, is listed on NASDAQ Stockholm (NET–B) and employs 1,000 people in Malta, Stockholm, Kiev, Krakow, Gothenburg, Gibraltar and New Jersey. www.netent.com

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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NetEnt Press Releases

NetEnt: Interim report January – June 2018

Zoltan Tundik

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Therese Hillman - Photo credits: NetEnt
Reading Time: 4 minutes

Today, July 13, 2018, at 9.00 a.m. the interim report will be presented by CEO Therese Hillman live via a combined telephone conference and webcast. The presentation can be followed in real-time on NetEnt’s website, the link to the webcast is: https://tv.streamfabriken.com/netent-q2-2018

The dial-in number for the telephone conference is:

Sweden: +46 8 506 39549

UK: +44 20 30089802

Quote from Therese Hillman, Group CEO:

”During the quarter, we came up with a plan and started taking action in several areas to strengthen our customer offering, cut lead times, and free up resources for new commercial projects. These changes are necessary for us to reassert our strong market position in online casino. I look forward to a busy autumn, focused on the turnaround of NetEnt, with improved efficiency and many new products and growth initiatives that all have players and customers in focus.”

Second quarter 2018:

  • Revenues for the second quarter amounted to SEK 437 (413) million
  • EBITDA amounted to SEK 202 (187) million, a margin of 46.3 (45.2)%
  • Operating profit (EBIT) amounted to SEK 149 (147) million, a margin of 34.0
  • (35.6)%
  • Profit after tax of SEK 139 (136) million
  • Earnings per share of SEK 0.58 (0.57) before and after dilution
  • 8 (6) new customer agreements signed, and 7 (8) new customers’ casinos
  • launched

First half-year 2018:

  • Revenues for the first half-year amounted to SEK 867 (806) million
  • EBITDA amounted to SEK 384 (350) million, a margin of 44.3 (43.5)%
  • Operating profit (EBIT) amounted to SEK 283 (274) million, a margin of 32.6 (34.0)%
  • Profit after tax of SEK 285 (251) million
  • Earnings per share of SEK 1.19 (1.04) before and after dilution
  • 14 (21) new customer agreements signed, and 15 (14) new customers’ casinos launched

Important events in the second quarter:

  • The AGM elected Fredrik Erbing as new Chairman of the Board of Directors
  • The Board appointed Therese Hillman as new CEO
  • Five new slot games released, including Archangels Salvation, Lost Relics and Jumanji
  • Beta-launched slot games for Social Casino
  • Signed customer agreement with Hard Rock in New Jersey

Comments by Therese Hillman, Group CEO:

Revenues for NetEnt increased by 5.9 percent (-0.8 percent in euro) to SEK 437 million in the second quarter of 2018. The operating profit (EBIT) increased by 1.2 percent to SEK 149 million, representing a margin of 34.0 (35.6) percent. Cash flow after investments increased by 35.8 percent to SEK 178 (131) million in the quarter.

We continue to see that our core markets in the Nordics and the UK are maturing, and competition has increased. During the quarter, we came up with a plan and started taking action in several areas to strengthen our customer offering, cut lead times, and free up resources for new commercial projects. These changes are necessary for us to reassert our strong market position in online casino. At the same time, we continue to review our cost structure to improve scalability across the business, and we have started to see a lower pace of cost growth. We continue to target higher revenue growth than cost growth.

At the beginning of June, the Swedish parliament approved the new gambling law, and our preparations ahead of the Swedish market re-regulation has intensified since then. We aim to have a broad selection of our games certified when the new licensing system starts on January 1, 2019 and work closely with our customers on all fronts to ensure a successful market entry right from the start.

We released five new slot games in the quarter: Archangels Salvation, Lost Relics, Jumanji, Witchcraft Academy and Bollywood Story. The latter two titles had previously been customer-exclusive and were released to the rest of our customers in June. The innovative game Jumanji combines slots and board game features and has been well received by players. So far, three weeks since its launch, it is our best game release this year.

I also follow the development of our upcoming new games with great interest. Among other things, we will present a new game concept with the launch of BerryBurst in August, which is based on player feedback and insights. A new initiative is the beta-launch of our games in the form of Social Casino games on Facebook, which in the longer-term perspective could add new revenues and strengthen our game brands with players on many different markets. Through this initiative, we capitalize on our existing digital assets.

With regards to Live Casino, the new product called Live Beyond Live was launched on desktop for Mr Green at the end of May, and since that we have noticed a steady increase in number of players, bets and gamewin. Just in time for the FIFA World Cup, we introduced a new type of functionality for Live Casino, called Sports Betting Widget, which allows players to place bets on sports without leaving the roulette table. As a first step, the feature has been rolled out to a handful of customers. We see good demand for our bespoke, virtual multi-table solutions – Live Beyond Live being the first such product – and expect to launch new customer-exclusive tables for several customers this year.

Regionally, we saw similar developments as in the first quarter. Growth in locally regulated markets continued at a high pace, especially in Southern and Eastern Europe, while overall revenue growth was negatively impacted by a weaker development in the Nordics and in the UK. The share of revenues from locally regulated markets was 36 (32) percent in the quarter. In the US, we now see some positive signs after the Supreme Court decision in May that paves the way for sports betting to be legalized in New Jersey and other US states. Thanks to our presence in New Jersey, we are in a good position to enter other US states if and when they open for online casino.

Mobile games continued to contribute to our growth and accounted for 58 (56) percent of total gamewin in the quarter. Our ambition is to offer the best mobile games for the online casino market, and therefore we were really pleased to win the award in the category called Innovation in Mobile at the EGR B2B Awards in June.

I look forward to a busy autumn focused on the turnaround of NetEnt, with improved efficiency and many new products and growth initiatives that all have players and customers in focus. Presentation of interim report.”

 

For additional information please contact:

Therese Hillman

Group CEO

Phone: +46 8 5785 4500

therese.hillman@netent.com

This information is information that NetEnt AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 7:30 CET on July 13, 2018.

 

About NetEnt

NetEnt AB (publ) is a leading digital entertainment company, providing premium gaming solutions to the world’s most successful online casino operators. Since its inception in 1996, NetEnt has been a true pioneer in driving the market with thrilling games powered by a cutting-edge platform. NetEnt is committed to helping customers stay ahead of the competition, is listed on Nasdaq Stockholm (NET–B) and employs more than 1,000 people in Malta, Stockholm, Gothenburg, Gibraltar, Kiev, Krakow and New Jersey. For more information, please visit

www.netent.com.

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NetEnt Press Releases

NetEnt games make another millionaire for the third time this month

George Miller

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NetEnt games make another millionaire for the third time this month
Reading Time: 1 minute

NetEnt has created another millionaire after player wins Hall of Gods™ jackpot.

One lucky player in Finland scooped a pay-out of close to €2.75m from a mobile spin of just €2 while playing on Paf.com.

This adds to recent jackpots of €1.4m and €4.25m that were paid out to players via NetEnt’s Arabian Nights™ and Mega Fortune Dreams™ games respectively, taking the total of seven-figure prizes won on NetEnt’s games this year to eight.

In addition to the Hall of Gods™ pay-out, the lucky winner gets an additional €350,000 through the NetEnt Mega Million campaign. This campaign awards an additional sum of money to the winner of the Hall of Gods™ or Mega Fortune™ mega jackpot. Separate from the jackpot cash prize, NetEnt’s Mega Million campaign also offers players the chance to win €3,800 every day a match is played at this year’s World Cup in Russia.

Henrik Fagerlund, NetEnt Chief Product Officer, says: “We have another example here of how NetEnt’s games can change people’s lives, and the Mega Million campaign will give us even more chances to do just that.

“We have had three seven-figure jackpot wins this month alone and I am confident we will see more before the end of the year.”

 

NetEnt AB (publ) is a leading digital entertainment company, providing premium gaming solutions to the world’s most successful online casino operators. Since its inception in 1996, NetEnt has been a true pioneer in driving the market with thrilling games powered by their cutting-edge platform. With innovation at its core, NetEnt is committed to helping customers stay ahead of the competition. NetEnt is listed on Nasdaq Stockholm (NET-B), employs 900 people and has offices in Stockholm, Malta, Kiev, Gothenburg, New Jersey, Krakow and Gibraltar. www.netent.com

 

 

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NetEnt Press Releases

NetEnt announces the release of Jumanji, a first of its kind online video slot

George Miller

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NetEnt announces the release of Jumanji, a first of its kind online video slot
Reading Time: 2 minutes

July 2nd, 2018 – Today NetEnt releases Jumanji, a first of its kind video slot game based on the beloved classic film Jumanji from Sony Pictures Entertainment. The unique branded game combines the classic board game with video slots and unleashes a rhino stampede, wild monkeys, sticky vines and monsoons.

In the original Jumanji film, a long-forgotten board game has the power to unleash chaos. Now NetEnt brings Jumanji to the world of online video slots with a five-reel game packing all the excitement of the movie.

NetEnt brings its own twist to the Jumanji universe by transforming the calamities that befell Alan Parrish into features with slot mechanics. Jumanji is a five-reel video slot game with 4 random features, a Board Game with four different Free Spins, a Mystery Feature, coins wins, and extra dice rolls.

Jumanji is the first of its kind and a new innovation in video slots as the game merges both board game and video slot game elements together. Additionally, the board game includes both free spins and a mystery feature.

Fans of the film are in for a treat as they will recognise four famous features in the Jumanji video slot game:

  • Wild Stampede: Rhinos will stampede across the screen while the reels spin, adding four to nine Wilds.
  • Monkey Mayhem: Awards potential wins when the reels have stopped, before all symbols are shuffled randomly to create a guaranteed win
  • Monsoon Wilds: One or two reels will be completely covered in Wilds while the reels spin.
  • Sticky Vines: All symbols that are a part of a win and all Wilds from the initial spin (even if they are not part of a win) stick to the reels, and all other symbols spin again.

Henrik Fagerlund, Chief Product Officer of NetEnt, says: “The Jumanji movie was a great success and we know it has fans all over the world. Making a slot game true to the fantastic features of the movie has been challenging but most of all great fun. We found a way of incorporating both board game features and all the excitement into a slot game and the game has already been well received by players!

 

For additional information please contact:

press@netent.com

 

NetEnt AB (publ) is a leading digital entertainment company, providing premium gaming solutions to the world’s most successful online casino operators. Since its inception in 1996, NetEnt has been a true pioneer in driving the market with thrilling games powered by their cutting-edge platform. With innovation at its core, NetEnt is committed to helping customers stay ahead of the competition. NetEnt is listed on Nasdaq Stockholm (NET-B), employs 900 people and has offices in Stockholm, Malta, Kiev, Gothenburg, New Jersey, Krakow and Gibraltar. www.netent.com

 

ABOUT SONY PICTURES ENTERTAINMENT:

Sony Pictures Entertainment (SPE) is a subsidiary of Sony Entertainment Inc., which is a subsidiary of Tokyo-based Sony Corporation. SPE’s global operations encompass motion picture production, acquisition, and distribution; television production, acquisition, and distribution; television networks; digital content creation and distribution; operation of studio facilities; and development of new entertainment products, services and technologies. SPE’s Motion Picture Group production organizations include Columbia Pictures, Screen Gems, TriStar Pictures, Sony Pictures Animation, Stage 6 Films, AFFIRM Films, and Sony Pictures Classics.

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