When it comes to improving player lifetime value and casino performance, our games pack a serious punch! That’s because we are passionate about the product we create and we pride ourselves on making the best slots in the business. The result is Better Gaming. You can experience our NetEnt Games there on that page. NetEnt Malta Ltd, having its registered address at Spinola Park, Level one Mikiel Ang. Borg Street, SPK1000, St. Julians, MT, is licensed and regulated by the Malta Gaming Authority to supply Type 1 gaming services under a B2B Critical Gaming Supply Licence (Licence Number:MGA/B2B/109/2004, issued on 1st August 2018).
Total revenue for the 12 months through to 31 December amounted to €561.1m (£491.4m/$679.8m), up 53.4% from €365.9m in the previous year.
Evolution said while this was mainly due to increased commission from clients, it was also helped by its acquisition of NetEnt, which was finalised on 2 December last year. The combined business now operates under the name Evolution.
- Most Popular Live Games at NetEnt Online Casinos In particular, lovers of classic casino games opt for the live casino experience. Besides Roulette, Blackjack or Baccarat, NetEnt Casinos also offer the possibility to play live game shows and even play video slots.
- As well as slots, NetEnt offers a limited but varied selection of table games which include classics such as Blackjack, Baccarat, Roulette, and casino Poker variants. You can check here for a complete list of the table games on offer. NetEnt Bonuses and Free Spins.
As such, Evolution’s financial results also included revenue from NetEnt in the final month of the year.
“Through the acquisition of NetEnt, we add a second vertical to our unrivalled live casino offer and two strong and fantastic new brands to our product portfolio,” Evolution chief executive Martin Carlesund said.
“This makes us well placed for our long-term ambition of taking a leading global position in online casino.”
In terms of spending during 2020, operating expenses amounted to €261.4m, up 25.5% from the previous year, with this increase mainly driven by costs related to the NetEnt acquisition. This led to an operating profit of €299.7m.
Earnings before interest, tax, deprecation and amortisation (EBITDA), adjusted for non-recurring items, was €351.6m, up 92.2% on 2019.
After accounting for €1.0m in financial items, profit before tax was €298.7m, up 89.9% from €157.3m in 2019. Evolution paid €14.1m in income tax, leaving it with €283.6m in total profit, an increase of 90.1% on the previous year.
“The pandemic has continued to be a factor throughout the year,” Carlesund said. “Our organic growth was solid already in the beginning of 2020, and I’m pleased to see continued strong demand with many new players and high activity in the network throughout the year.”
Evolution also set out details of its performance in the fourth quarter, the latter part of which included the NetEnt acquisition. Revenue in Q4 reached €177.7m, up 67.6% year-on-year, with €17.8m of this revenue attributed to NetEnt games.
In terms of geographical performance, €81.1 of revenue was generated from the provider’s rest of Europe operations, with the next highest amount (€41.9) being from Asia. The UK accounted for €13.9m of Q4 revenue, ahead of North America with €12.6m and the Nordics on €11.m. The remaining €17.1m was generated elsewhere.
Operating costs climbed 62.0% to €92.8m, including €19.4m in restructuring and acquisition costs related to the NetEnt deal, while EBITDA for the quarter was 107.2% higher at €115.6m.
Evolution noted €818,000 in financial items, meaning profit before tax reached €84.0m, up 72.8% year-on-year. The provider paid €3.4m in tax, meaning it ended the period with €80.6m in profit, an increase of 72.2% on the previous year.
“There is much to look forward to in 2021,” Carlesund said. “We enter the new year with an intense and successful 2020 behind us, a proven strong, competent and energetic team and tremendous business momentum.
“2021 is off to a strong start and I am excited to soon share more news from the group on how we plan to work with operators to take product innovation and player experience to the next level.”
Netent Gaming was founded in 1996 to meet the growing demands of gambling casinos. In the early 2000s, the company realized the importance of online casinos and therefore shifted its focus to the development of igaming products. Ever since Netent has always focussed upon the online gambling community comprising players and operators. Read more about Netent ontopnetent-casinos.eu.
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Forging ahead in igaming
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With the recent acquisition of Red Tiger, Netent has made its intentions clear; it wants to dominate the intensely competitive world of igaming. By acquiring Red Tiger, Stockholm-based Netent wants to grow its revenues, increase its profits margins and be considered as a leading player in the online casino business. You can learn more about this athttps://www.linstant-gourmand-38.com.
- Last year Netent grew by 0.6%
Netent is scouting for investors and investees. If you would like to invest in our company, please write to us at [email protected] As a market leader, we would like to help the igaming industry grow and prosper. Since we have grown with the mobile gaming industry, we are eager to share our growth story with all the startups.
We are proud of our workforce
We are here because of our superbly-talented team. Netent is proud to have great psychologists, game designers, statisticians, developers, animators, mathematicians, creative writers and sales guys in its various offices around the world. Our team is full of mad energy and is always bringing out new and innovative games meant for our audiences. old and new.
If you'd like to be a part of this crazy bunch of people, please write to us at [email protected] Don't forget to attach your cv to your mail. Explain in that mail what value you can bring to the table. Since we are extremely choosy about who we hire, please put in all the details in your email.
Press hounds, here are we!
Everybody loves a great story, and we are no exception to that rule. Week after week, day after day, we are churning out game titles that are redefining the online gambling industry. While our loyal customers know about our initiatives, we'd also like the world at large to stay tuned to these developments.
- We have won several awards too.
Shoot us an email at [email protected] and add our news blasts to your mailbox. Who knows, one of these days, your scoop on Netent might get you a promotion! You'd also like to get other tidbits about Netent, so here's another mail id you can use; [email protected] We are waiting for you to connect.
Business alliances with Netent
There is a very strong reason why more than 200 online gambling operators have decided to join hands with us. And that reason is our commitment to quality. We also have our ears to the ground. Should you decide to become our affiliate, please shoot us an email at [email protected], we are waiting for you.
If you'd like to speak with someone senior in our corporate team in Stockholm, please visit us at NetEnt AB (publ) Vasagatan 16 SE-111 20 STOCKHOLM Sweden. Our CEO sits there and it would be a good idea to take his interview and talk about the long term goals of Netent Gaming.
- In 2019, Netent conducted more than 50 billion transactions on its various games.
We have a global reach
Our North America markets are serviced by our Hoboken office. If you are an online casino operator located in Canada, Mexico or the U.S and would like to partner with us, here is our address; NetEnt Americas LLC 221 River Street 9th Floor 07030 Hoboken United States. We'd be more than happy to see you there.
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Netent is also present in Malta and Gibraltar. Our Malta office is at NetEnt Malta Ltd. Level One, Spinola Park Mikiel Ang. Borg Street SPK1000 St. Julians Malta. For Gibraltar operations, please contact; NetEnt (Gibraltar) Limited Unit 315, World Trade Centre 6 Bayside Road GX11 1AA Gibraltar. We are also present in Kyiv, Krakow and Gothenberg.