Connect with us
SIS

NetEnt Press Releases

NetEnt enhances video slot selection with Imperial Riches™

George Miller

Published

on

NetEnt with Imperial Riches™
Reading Time: < 1 minute

 

Step into a world of splendour and serenity with Imperial Riches. This jackpot-packed game takes players on an exciting journey to the Far-East 

Set in a Chinese garden, this 5-reel, 3-row video slot features NetEnt’s signature Avalanche™ concept, where in both the main game and during Free Falls feature, symbols fall into position onto the reels instead of spinning.

During the feature, a winning bet line triggers an Avalanche, where all symbols in winning combinations apart from Scatter symbols light up and disappear to continue the avalanche until there are no more wins.

Free Falls are activated when at least three Scatter symbols land randomly on three reels and offer players the chance to collect jewels in the Lucky Pond – a bonus game which can unlock the jackpot if “Bonus Fish” eat three or more jewels.

With three progressive jackpots and two fixed-value jackpots on offer, Imperial Riches™ makes for a creative and exciting new addition to NetEnt’s industry leading video slot portfolio.

“This game is packed with features.  We are continuing our Jackpot successes this year with Imperial Riches™ but with our Avalanche™ mechanic.  The three-stage, nested bonuses give players a chance to experience the Free Falls game, collecting jewels from wins for entry into another coin win feature, and then a Jackpot bonus game.  The chance to win one of five realistically-priced jackpots and the beautiful, authentic Asian artwork and theme makes this game speak the promise of fortune for players across the board,” said Bryan Upton, NetEnt Director of Games.

Continue Reading

Industry News

NetEnt: Year-end report 2019 and quarterly report October – December 2019

George Miller

Published

on

NetEnt: Year-end report 2019 and quarterly report
Reading Time: 4 minutes

 

Quote from Therese Hillman, Group CEO

“Since December, we have seen all-time highs in the number of players for our Live Casino, which supports our belief in growing revenues from this segment. Since the acquisition, Red Tiger has exceeded our expectations and now forms a vital part of our ongoing improvement efforts within the NetEnt Group. We see good conditions for NetEnt to deliver growth in 2020, supported by our combined game portfolio and Live Casino.”

Fourth quarter 2019

  • Revenues for the fourth quarter amounted to 512 (465) SEKm
  • EBITDA of 261 (204) SEKm, corresponding to a margin of 51.0 (43.9)%
  • EBIT of 161 (146) SEKm, corresponding to a margin of 31.4 (31.4)%
  • Earnings after tax of 113 (137) SEKm. Earnings per share of SEK 0.47 (0.57) before and after dilution
  • Red Tiger contributed 96 SEKm to revenues and 70 SEKm to EBITDA

Full year 2019

  • Revenues for the full year amounted to 1,793 (1,782) SEKm
  • EBITDA of 855 (816) SEKm, corresponding to a margin of 47.7 (45.8)%
  • EBIT of 529 (601) SEKm, a margin of 29.5 (33.7)%
  • Earnings after tax of 429 (577) SEKm. Earnings per share of SEK 1.79 (2.40) before and after dilution
  • The results include SEK 59 million of acquisition-related transaction costs and amortization, and SEK 29 million of acquisition-related financing costs
  • Red Tiger was consolidated in September and contributed 126 SEKm to revenues and 93 SEKm to EBITDA
  • Proposed ordinary cash return to shareholders of SEK 1.00 (2.25) per share

Important events in the fourth quarter

  • NetEnt released 13 (6) slot games, of which Ozzy Osbourne was the most successful
  • Red Tiger released 9 (6) slot games, of which Dynamite Riches was the most successful
  • The platform service NetEnt Connect was introduced in December, with Red Tiger as first supplier
  • Within Live Casino, a new Auto-Roulette studio was launched

Growth through acquisition

Revenues for the last quarter of the year increased by 10.0 percent to the highest level ever, SEK 512 million (465 SEKm), of which SEK 96 million came from Red Tiger, which was acquired in September. Pro forma(1) in euro terms, our total revenues including Red Tiger decreased by 4.8 percent compared to the corresponding period of 2018. Growth was held back by continued weakness in mainly Sweden and Norway, while our revenues in the US continued to grow significantly. During the period January 1 to February 10, 2020, total gamewin proforma(1) in euro terms for the NetEnt Group including Red Tiger increased by 4.9 percent compared to the same period of the previous year.

Operating income and cash flow in the fourth quarter

Earnings before interest, tax, depreciation and amortization (EBITDA) amounted to SEK 261 (204) million in the quarter, of which SEK 70 million was contributed by Red Tiger. The EBITDA margin was 51.0 (43.9) percent. Red Tiger was acquired with the objective to create shareholder value through increased growth and profitability for the new group. The transaction was enabled by NetEnt’s strong balance sheet, which went from a net cash to net debt position, and our long-term goal is to deliver enhanced shareholder returns with a balanced capital structure. Hence, the proposed cash return to shareholders for 2019 is SEK 1.00 (2.25) per share, which supports the company’s cash flow generation and allows for debt to be reduced. This payout level is in line with the company’s dividend policy.

High level of activity and deeper integration with Red Tiger

We released more games than ever in the fourth quarter – 13 (6) from NetEnt and 9 (6) from Red Tiger – and continued to sign deals with and launch customers at a high pace. In addition, the quarter was marked by deepening integration with Red Tiger to realize both revenue- and cost synergies. Red Tiger adds complementary competence to the NetEnt group and we are running a number of common projects at full speed to deliver a significantly enhanced customer offering and player experience. Our first combined game with jackpot mechanics, Piggy Riches, was released in January and has so far been the best release ever for Red Tiger. During 2020, we will be releasing several new jointly developed games. In December, we launched our content aggregation service, NetEnt Connect, with Red Tiger as the first supplier. In 2019, we reduced the number of employees at NetEnt (excluding Red Tiger) while at the same time we stepped up our game production and efforts to develop our Live Casino offering. We continue to focus on cost control and efficiency throughout the NetEnt Group and the integration of Red Tiger forms a vital part of this process.

All-time high in player numbers for Live Casino

We continue according to plan to improve our product and organization within Live Casino, and in December we launched a new Auto-Roulette studio. Feedback on the product enhancements made during 2019 has generally been positive and since December, we have seen all-time highs in player numbers for our Live Casino. We are now expanding the studio in Malta and will soon be offering physical tables to our customers for the first time, as an alternative to our tables with blue screen technology, which should contribute to increased revenues from Live Casino in 2020.

Future outlook

We recently unveiled a number of product news at the ICE exhibition in London, such as a new jackpot concept called Starburst Power Pots, as well as branded games in collaboration with Gordon Ramsay, Street Fighter and Fashion TV – again showing our commitment to creating a world-class player experience.
I would like to take this opportunity to extend my thanks to our employees, customers and shareholders for their support during 2019. Backed by our ongoing focus on efficiency and the acquisition of Red Tiger, we are entering the new year in a stronger position. Our global distribution and two strong brands give us the right basis to increase our market shares in online casino. We see good conditions for NetEnt to deliver growth in 2020, supported by our combined game portfolio and Live Casino.

(1) Comparable figures from the previous year include Red Tiger.

 

About NetEnt:

NetEnt AB (publ) is a global gaming company, providing premium gaming solutions to the world’s most successful online casino operators. In addition to the company’s NetEnt brand, our portfolio also includes Red Tiger Gaming. Since our start in 1996, we have been a true pioneer in driving the market with innovative games powered by a cutting-edge platform. NetEnt is committed to creating the future of gaming, is listed on Nasdaq Stockholm (NET–B) and employs around 1 100 people in Malta, Stockholm, Sofia, Kiev, Krakow, Gothenburg, Gibraltar, Isle of Man, London and New Jersey. For more information, please visit www.netent.com.

Continue Reading

Fantasy Sports

Scout Gaming enters into an agreement with NetEnt

George Miller

Published

on

Scout Gaming enters into an agreement with NetEnt
Reading Time: < 1 minute

 

Scout Gaming has signed a distribution agreement with NetEnt, which will enable NetEnt’s customers access to Scout Gaming’s entire product offering. Scout Gaming is currently being integrated on NetEnt’s platform and will be available to NetEnt’s customers.

NetEnt is one of the leading industry players and has over 200 integrated B2C operators on their platform.

“I am proud that we, as selected Fantasy Sports- and “Player Performance Odds” provider, can sign this agreement with NetEnt, who are expanding its business to also include distribution. It is a pioneering deal and a clear sign of NetEnt’s true innovation ability.

This means that our products reach operators and end consumers in the shortest possible time frame, since most of the integration will already be in place.

NetEnt has a global reach and many of our most prioritized customers can be found within their distribution network,” comments Scout Gaming’s CEO, Andreas Ternström.

“Scout Gaming is a great addition to NetEnt Connect. The type of content they bring to the table is real in line with our ambition to widen the Connect portfolio and adding games that neither NetEnt or Red Tiger provides. We look forward to make Scout Gaming content available to our connected operators.” comments Director of NetEnt Connect, Rob Fell.

The agreement is of strategic importance for Scout Gaming. The agreement improves the opportunities for new business and reduce time from signing to launch.

Continue Reading

Industry News

NetEnt partners with FashionTV Gaming Group

George Miller

Published

on

NetEnt partners with FashionTV Gaming Group
Reading Time: 2 minutes

 

Branded portfolio gets a FashionTV makeover following strategic partnership with the global TV network’s exclusive licensor.

NetEnt has signed a deal with FashionTV Gaming Group, the exclusive licensor for the FashionTV brand in iGaming, to produce an innovative slot inspired by the leading fashion and style channel’s hit song ‘I Want to be a Trillionaire’, featuring FTV star Anja J.

This collaboration will enable NetEnt to actively leverage the global recognition of the FashionTV mega-brand and its international network, which reaches over two billion viewers.

FashionTV Gaming Group has rapidly taken the gaming industry by storm, connecting the online world with the luxury of FashionTV. Players are immersed in the glamorous world of FashionTV, with the opportunity to attend real-life branded events and parties and receive lavish FashionTV-branded goods straight to their doorstep.

“FashionTV has something different to offer the online casino sector – from its brand identity, its reach, the power of its global network, and its understanding of how to create engaging and unique content. Our partnership hopes to combine our unequalled ability to work with brands, with FashionTV’s sheer global recognition and marketing power,” said Bryan Upton, NetEnt Director of Games. “The ‘I Want to be a Trillionaire’ song is loved by millions of fans all over the world and we look forward to bringing ‘The Trillionaire’ game, inspired by this popular song, adding a touch of glamour and bling to our industry-leading portfolio.”

“At FashionTV Gaming Group we are committed to blending the high lifestyle and luxury of our brand with the unique thrill of the online casino experience. NetEnt’s unrivalled ability to deliver world-class slot games that are always a step ahead of the competition makes them an ideal brand to business partner to further our presence in the gaming industry,” said Shai Kaplun, COO at FashionTV Gaming Group.

 

 

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.