NetEnt Growth Strategy in Online Gambling Software

net-ent-egr-awardsOne of the breaking news pieces of 2014 was the far-fetched achievement of Net Entertainment in the European market for raising profits by 46%, and interestingly the company is hoping to surpass that massive growth in the upcoming year as hinted by Per Eriksson, the Chief executive of Net Entertainment. In fact, Eriksson also declared that the reputed NetEnt Online Slots gambling software supplier is planning to establish its supremacy over Mexico and Asia.

According to Eriksson, the very fact that countries in North America, particularly Mexico has initiated online gambling implies its strong demand. However, he acknowledged that this is not the end but just the beginning. He needs to flourish massively in those big markets that are still untouched by NetEnt.

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Schedule of NetEnt to open in the US market

NetEnt is again prepared to bang on the news as it is announced to be launching in New Jersey in the second quarter of this year. The only thing left to rock in the markets is the final approval and signing of agreement with NJ operators as declared by Eriksson.

In order to enhance more grace in its royal debut, it has set up a base in New Jersey. Moreover, the Chief of Global Market Operations and Managing Director at Net Entertainment Malta, Bjorn Krantz was promoted to Managing Director and Chief of North America Market Operations.

NetEnt plans to rule over European market

Surprisingly, it is even announced to be launching in Spain within the next few months because Spain has allowed regulation for online slots. Meanwhile, Eriksson is also looking forward through different potential agreements so that he can expand strong growth in United Kingdom.
For now, many popular online gambling sites of Europe include exciting games that are chiefly supplied by NetEnt. Moreover, at online casinos like Bet 365, Winner Casino, and Casino Cruise the casino players can find NetEnt’s array of games. However, the business strategy for 2015 is to develop a new co-operative communication with new mid-sized operators along with healthy relationships with their current diversified customers.

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Net Entertainment Celebrates

The renowned Swedish online gambling technology provider Net Entertainment has followed up their record breaking Q2 stellar with a Q3 trading update. This time again the flashlight is upon Net Entertainment for following up the Q2 record with an equally fantastic Q3 record. Revenue rose 42% year –on-year to SEK 217.2m which means $30m again, the earnings have leapt to SEK 73.4 or$10.1 m which is almost 65% rise. For the first 3 quarters of 2014, the revenue was up over by 35% while earnings and profit are both up to 46%.

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Game transaction rise up to 37% inQ3 and mobile channels accounted for 16.5% for group revenue which is rise of 13% from Q2. Thus the contribution of mobile channels has gone up significant in Q3. Interestingly enough, the total number of live casino customers has gone up from 27, as recorded in Q2 to 32, as recorded in Q3. However, this number was just 18 in Q1. Thus this number has almost doubled up in the third quarter.

Net Entertainment has linked seven new customer agreements in Q3. It includes two major deals with Bwin.party and Betfair. Net Entertainment also has deals with fourteen new customer which is yet to be launched including Amaya gaming’s new acquisition Full Tilt . Amaya Gaming’s new studying the potential for acquiring a Spanish license on the preset that the country’s moves to at last validate online slot play. .Net Entertainment is now opting for applying a license under UK legislation. Therefore, it is a financial burden over the online gaming providers as they have to pay tax to the Uk government. There is much more to share. In Italy, New Entertainment has begun to work with the regulatory body of AAMS for putting the screws to operators who do not have any Italian licence and Net Ent opines that it “does not intend to deliver the company’s products to unlicensed operators in Italy after the end of 2014.”

While the Net Entertainment intends its European focus, CEO of this Swedish company Net Ent, Per Eriksson announced in july that Björn Kravitz ,the managing director Net Ent Malta’s operation, would spearhead the company’s push into the US regulated online gambling market in New Jersey. In addition to this, Net Ent has also announced that Enrico Bradamante would assume the former job responsibility of Björn Kravitz effective January 2015. Bradamante is the present deputy boss of Malta operations.

Swedish player wins € 2.5 million on NetEnt Jackpot

A Swedish player recently had his dreams come true. This is because he hit the jackpot of video slot Mega Fortune Dreams™ while trying his luck at one of Netent Casinos jackpot games.

Sometime was taken to verify the win and determine if the proper rules were followed according to the jackpot game of Mega Fortune Dreams™. In this process there is also a verification required about the account of the fortune player because the premium prize is generally paid out as a lump sum amount. The Netent multimillionaire is really a great win for anybody and a good amount of time and information is needed in order to prepare the winning money.

The newly acquired wealth is really a daunting task to be managed by someone who has not dealt with this great amount of money, and this is the reason why some Netent casinos also offer an exclusive program to the winners.

When we talk about the second detail about the Netent Casino, it goes like this that the pot was won while playing Mega Fortune TOUCH. We all humans are curious in nature and we might ask where exactly was the Swedish player present when he got the € 2.5 million in cash. In this regard we all can be reasonable and accept that he was physically present in Sweden and virtually in Leo Vegas Casino. Probably this is what we are going to know about this jackpot and we might never know anything more about it.

However, the important thing is that the fortunate Swedish player needs to be congratulated along with the LeoVegas that hosted the latest Netent jackpot winner and this also give hope that this jackpot was by no means not the last one to take place in mobile gaming of Netent Casino. If you are someone who prefers to play on the desktop version, then the Blood Suckers or Piggy Riches slot is right up your ally.

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Net Entertainment seeks Canadian and US Licenses

Online casino gaming is a multi-billion dollar industry around the world, but it’s often difficult for suppliers to break into the U.S. market because of laws against online gambling in many areas. This isn’t stopping Per Eriksson, CEO of Net Entertainment or NetEnt, from keeping his eyes on the U.S. market which he hopes to penetrate by 2015.

Take a look at NetEnt financial results and how they’ve grown over the past few years to better understand why they feel they can and should penetrate the U.S. market.

Meet NetEnt

NetEnt provides top online slot games to Online Casinos like Bet365 and has seen a whopping 34% growth year by year to an overall £8.5m and then to £33.9m just recently. This growth has been spurred by new agreements with gaming operators such as Full Tilt and William Hills, and of course they have signed many other licensing agreements with smaller companies as well.

Why Enter the U.S. Market Now

Because online gaming can be such a tough market to penetrate in the U.S., why would NetEnt choose to push into these markets now? One reason is that many regulations in the U.S. are changing particularly in gaming-friendly states such as New Jersey, and Eriksson believes that these changes will spread rapidly across the country. Gaming suppliers are looking to secure licenses with the U.S. and with Canada, and NetEnt is looking to expand their operations across the whole of North America in 2015. Eriksson commented on the move recently, noting that the time is right to intensify their efforts to penetrate the U.S. market.

Other Suppliers Looking to Join the Party

Of course NetEnt isn’t the only gaming supplier looking to secure licenses in the U.S., as QuickSpin has also recently announced their plan to seek licenses in the U.S. This makes NetEnt the second Swedish gaming supplier within the same month to announce their plans to try and penetrate this territory. QuickSpin has also signed agreements with others in the industry including Bwin, to supply mobile platforms and those for the desktop in the gaming industry. After their announcement QuickSpin saw their shares rise about 4% in early trading.

There is no telling where the U.S. online gaming industry is headed but with legislation easing up on restrictions for online gaming, it’s no wonder NetEnt is looking for their share of this very lucrative market.

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NetEnt Wins Big at EGR Awards 2014!

NetEntertainment is a leading and well-respected name in the online gaming industry. The software platform is used by a few of the most profitable online gaming operators like Bet365. NetEntertainment have recently claimed a prestigious industry award as recognition for their outstanding contribution to online gambling by winning three industry honors at the recent eGR Awards 2014.

NetEnt EGR Award Winner

It’s not hard to see why NetEntertainment walked away with many prestigious honours at the fifth annual eGaming Review B2B Awards. This has helped cement its position as one of the world’s best suppliers of online slot games.

The eGR Awards were presented at the Pavilion in London. They recognise the best service providers in the online gaming industry. They also recognise the contributions made to improving player experience by developing more robust software. From our own experience we believe that NetEntertainments Online Slots are best the industry have to offer.

Net Entertainment won the following three awards:

  • Mobile Supplier of the Year (for the second year running).
  • Slots Provider of the Year.
  • RNG Casino Supplier of the Year.
  • Special mention was given for Live Casino Supplier of the Year.

Per Eriksson currently holds the title of CEO and President of Net Entertainment. He said, “We were happy to get so many esteemed awards this year. The awards showcase the pride we take in our business. Winning Mobile Supplier of the Year twice in a row feels superb. We are committed to driving the online casino market by providing innovative and reliable technology”.

Eriksson also said, “Along with the expanding Mobile Touch TM portfolio, Net Entertainment Extend was pushed to market during the judging period. Extend is a potent API that enables development teams to leverage real-time game play data. This allows them to offer a customised experience and expand on the concept of social gambling. It is an innovative way for online casino operators to retain competitive advantage using Net Entertainment technology”.

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Net Entertainment’s second biggest jackpot winner

Net Entertainment continue to prove that its leading casino software is a winner, with their latest jackpot payout of 7,4 Million Euros. The lucky winner, a 50 year old woman who lives is Värmland Switzerland, was shocked when she won after only betting small amounts. Then all of a sudden, she hit the jackpot on the online slot game Hall of Gods.

The 5 reel triple jackpot is an exciting slot game that features Norse mythology. Some of the intriguing game characters include the Midgard Serpent in the expanding Wild and the scatter symbol depicts Odin’s ravens. Hit 3 of these and you will have the opportunity to play the Pick Win feature. In the bonus feature, you must use Thor’s hammer to break shileds and match 3 of them to win 1 of 3 jackpots.

This is now the second biggest online jackpot win in Sweden after a world beating amount of 18 million Euros was paid out in 2013.

And with this latest win, Net Entertainments jackpot slot games can now boast a combined jackpot win for 2014, just shy of 22 million Euros.

Simon Hammon, Chief Product Officer of Net Entertainment, comments: “The jackpots just keep falling and it’s an honour to announce that this latest one for Betsson.com is the second largest online Swedish jackpot. The 7.4 Million Euros prize will change the life of the lucky winner and shows how much one can gain from our superb catalogue of pooled jackpots.

50-year-old Swedish Hall of Gods™ winner from the Värmland province, comments: “I was winning smaller amounts here and there, so decided to continue playing. I couldn’t believe it when I saw the 7.4 Million Euros come rushing into my account.

The 50 year old also went on to explain that she wasn’t going to ‘splash out on a Porche’ but rather take her winnings and buy a house.

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