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’s iconic Starburst™ celebrates 10-year anniversary
It’s now been 10 years since the initial launch of Starburst™, and current fans and new players are still enjoying Starburst™ Wilds, brilliant gems, electrifying sounds, and arcade-like effects sending players straight up into the outer hemisphere.
Starburst™ is a true classic and has become an iconic game for the industry. In the last two and a half years alone, the game has seen an incredible 18 billion spins, and with the potential for big wins hitting astronomical heights, graphics and thrilling animation, this game is set to remain a timeless piece of work.
Since 2012, the game has seen a new sequel launched – Starburst™ XXXtreme. Live since July of last year, Starburst™ XXXtreme has brought players all the beloved features of the original, whilst including new age features such as a cranked up volatility that creates a space odyssey with a jaw-dropping gaming experience and spectacular win potential. It also sees the debut of XXXtreme Spins, which players have the option of purchasing to guarantee Starburst™ Wilds when activated.
NetEnt celebrated Starburst’s™ achievement in style. With live music, Starburst™ themed photo booths, a 3D Mapped birthday cake shooting fireworks, and out-of-this-world astronaut performers. The birthday party event saw game creators and operators come together to enjoy a decade-long slot story and to toast to the next decade.
Todd Haushalter, Chief Product Officer at Evolution, commented: “The event was an incredible way of celebrating Starburst’s™ 10-year anniversary. A decade long run for a single slot game is an incredible achievement, and it’s been a top favourite with players ever since it was first launched. From the looks of things, that’s going to keep going, and going, and going. Starburst™ is the full package – an exciting, classic game that entertains you right from the start. I can’t wait to see what the next decade brings.”
Holland Casino Online to add NetEnt online slots for Dutch market
NetEnt takes a step into the Dutch market with Holland Casino partnership, seeing its portfolio of slot games offered to brand new players
NetEnt has today announced that it has signed an agreement for the supply of its full catalogue of online slots titles to Holland Casino Online.
The agreement means that Holland Casino Online’s players will soon be able to enjoy numerous iconic slots games from NetEnt, such as Starburst™, Starburst™ XXXtreme, Gonzo’s Gold™ and Divine Fortune Megaways™. NetEnt’s Starburst is the legendary slot that has dominated the industry for years, while Starburs™ XXXtreme is the eagerly awaited sequel that has quickly become a fan favourite across the globe.
Alongside the NetEnt deal, Holland Casino Online has also signed an agreement to take the full portfolio of online slots – as well as jackpots and other player engagement tools – from Red Tiger, a sister brand of NetEnt within the Evolution Group. The Red Tiger content portfolio includes such top-performing player favourites as Dynamite Riches Megaways™, Gonzo’s Quest Megaways™ and Primate King.
Holland Casino Online, as a government agency, was founded in 1976 and is regulated by the Ministry of Security and Justice. It operates 14 land-based casinos across the country. As a foundation with the Ministry of Finance as a quasi-shareholder, it pays its net profit to the Dutch government, excluding transfers to its equity capital.
In October 2021 Holland Casino Online launched its online offering, bringing a wide choice of gambling and betting opportunities to online players, including casino and poker games, sports betting and bingo.
Jeroen Verkroost, Director of Digital Transformation, Holland Casino Online, commented: “Holland Casino Online is always looking for ways to extend and enhance our players’ online gaming experience. We are thrilled to announce that we have partnered with Evolution to offer their innovative games to our audience in the Netherlands.”
James Jones, Head of Business Development at Evolution, added: “We are very happy to have partnered with Holland Casino Online. We know their players will love having the chance to play so many great NetEnt slots titles. It marks another step in our journey in the Dutch market, and we look forward to continuing to expand our presence there and working with fantastic operators such as Holland Casino Online. We look forward to what we hope will be a long and fruitful relationship on both sides.”
NetEnt and Red Tiger announce new deal with Supabets
NetEnt and Red Tiger today announced that they have partnered with South African operator, Supabets.
Launched back in 2008, Supabets is a successful African based land and online betting and gaming company. It operates across South Africa, Ghana, Tanzania, and Zimbabwe.
This new deal will see Supabets become the first operator in the South African market with a slots selection. Having worked closely with the market regulator, the Mpumalanga Economic Regulator (MER), NetEnt and Red Tiger will now be supplying Supabets with an initial 175 games of its world class slot portfolio.
Having already partnered with Evolution for its suit of Live games, the new announcement strengthens the bonds between the two companies, as Supabets now expands into the slots world.
Marc Palxton-Harrison, Managing Director at Intelligent Gaming said: “We are ecstatic to finally have MER approval for the launch of the NetEnt and Red Tiger world class slots offering. We are confident they will do very well with Supabets and we look forward to adding the portfolio to our remaining SA clients.”
Dean Finder, Chief Executive Officer at Evolution Services SA said: “We are delighted that we have the opportunity to expand our partnership with Supabets and that they will now have access to our portfolio of NetEnt and Red Tiger slot games. We hope their players will enjoy the diversity of the portfolio, as there truly is something available for everyone to enjoy.”
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