The Board of Directors of NetEnt AB (publ) has decided to initiate share repurchases in accordance with the authorization from the Annual General Meeting (AGM) on April 25, 2018.

The AGM 2018 resolved to authorize the Board of Directors to repurchase the Company’s own shares up until the next AGM, which will take place on May 10, 2019.

According to the AGM resolution, the Company’s holding may not exceed 10 percent of all the shares outstanding in the Company at any time.

The purpose of the share repurchases is, among other things, to enable continuous adjustments of the Company’s capital structure and hence support shareholder value creation.

The shares will be acquired on Nasdaq Stockholm at a price per share within the recorded interval, i.e. the interval between the highest buying price and the lowest selling price.

NetEnt does not hold any treasury shares prior to the buyback program.

NetEnt has entered into an online casino supplier agreement with DraftKings for the regulated market in New Jersey (USA).

NetEnt is increasing its footprint in the regulated online gambling market in New Jersey and is very proud to announce a new agreement with fast-growing operator DraftKings. In the coming weeks, a large selection of NetEnt casino games will be launched and available to DraftKings players.

“We are very excited to have landed a deal with DraftKings. As the world-leader in fantasy sports, with a large player base, they will add a new dimension to the market and we are confident that their players will enjoy our popular games,” says Erik Nyman, Managing Director NetEnt Americas LLC.

Portrait-friendly adventure story now available

Award-winning slots and software provider Red Tiger is inviting players on an intrepid adventure with its latest release Vicky Ventura.

The 5×3 slot (which can expand to 5×7) has been designed for portrait play and is set in the mysterious ruins of an ancient culture lost deep in the jungle. It features expanding reels offering over 16,000 ways to win.

Additional ways to win in the locked reels are unlocked when Totem Crystal symbols land, which in turn activate the Mystic Totem.

The feature adds Wild symbols to existing or newly unlocked positions on the reels. During Free Spins, the unlocked positions remain in play for the duration of the round, offering the best shot at the biggest wins of up to 10,000x stake.

Carl Ejlertsson, Director of Business Development at Red Tiger, said: “Vicky Ventura is a classic adventure tale. With its engaging, user-friendly gameplay, and great graphics, we expect it to be a massive hit.

“As with all Red Tiger games, we have endeavoured to make it as innovative and exciting as possible, as shown with our expanding reels which can deliver an amazing 16,807 ways to win.”

Vicky Ventura is the latest video slot to join Red Tiger’s high-quality and fast-growing portfolio which currently stands at close to 100 titles.

All of its games can be combined with the supplier’s unique progressive jackpot software, as well as its Smart Spins marketing tool which delivers unique promotions via an in-game dialogue module.

That jackpot software was expanded recently with the launch of Red Tiger’s Daily Drop Jackpot network, which ensures operators of all sizes can benefit from its unique marketing properties.