Net Entertainment Transcends Operational Highs

Posted by Gambling News | Casino News,Gambling News | Friday 12 April 2013 9:18 am

I have always been a huge fan of Net Entertainment games; this product is used by many UK/European-facing online casinos, and you may even recognise some games names: Jack and The Beanstalk™, Gonzo’s Quest™, Muse: Wild Inspiration™, Demolition Squad™, Zombies™, Blood Suckers™, Hall Of Gods™, Jack Hammer™, Wild Turkey™, Scarface™ and so many more. These games are of such a high quality it is my personal opinion that they outstrip the quality of Microgaming products.

This online gambling development software company has produced excellent results for 2012, and have even been named as the 22nd top employer in Sweden. Yes, they are a Swedish company, listed on the Swedish Stock Exchange, but operate with a remote license out of Malta. They therefore feature together with some of the biggest, and best names in online casinos available to a UK-facing, and European audience.

The operational excellence of this company for the year 2012, only serves to take me back to the days when I used to say "Microgaming had better watch out". The company is growing stronger by the year, and although are not as aggressively producing "mass quantities" of online casino games at the same rate as Microgaming, they produce them with the same if not far better quality.

New (2012) performance records have been set by Net Entertainment, with 12,300,000,000 gaming transactions in total, a 23% increase in revenues (year on year), and since the year 2006 – a median twelve-monthly growth of 32%. They have increased their European market-share to 27%, and the gaming transactions figures we see above, represent an increase of 43%.

NetEnt continues to enter new markets (Italy and Denmark are new), sign more new gaming partners, and has paid out a record breaking Progressive Jackpot Prize amount of over €17 million. In all honesty, what online gambler would not like to play at a site with PJP gaming network potential such as this?

This year, massive online gambling brands have been seen to be offering NetEnt slots, and if they are not, I don’t want to play there. Paddy Power recently joined the fold as did Boyles Sport. They are already found at Unibet, Smart-Live, Bettsson, BetVictor and many, many more. The group says that they are properly geared for opening in newly regulated territories, and it is here they intend to be "in the right place, at the right time".

I still believe that Microgaming has a tough fight on its hands from NetEnt. This brand has signed an agreement with 888 which has its own software development company( what’s that about?) And have also inked a deal with Bonza Gaming for Facebook.

Anyone want to take a bet which developer will come out on top?

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Net Entertainment Financial Statement Release

Posted by Gambling News | Gambling Industry News | Thursday 9 February 2012 11:20 am

Earnings report 2011 – Quarterly report October – December 2011

2011 WAS A YEAR OF NEW INITIATIVES FOR CONTINUED SUSTAINABLE GROWTH

    FOURTH QUARTER 2011

  • Revenues for the fourth quarter increased by 21.6 % to SEK 121.1 (99.6) million
  • Operating profit amounted to SEK 42.2 (33.8) million
  • Operating margin was 34.9 (33.9) %
  • Profit after tax amounted to SEK 36.6 (29.0) million
  • Earnings per share amounted to SEK 0.93 (0.73) before and after dilution
  • Two new license agreements were signed, and two new customers’ casinos were launched

    FULL YEAR 2011

  • Revenues for the full year increased by 16.1 % to SEK 427.6 (368.3) million
  • Operating profit amounted to SEK 129.7 (136.4) million
  • Operating margin was 30.3 (37.0) %, 31.9 % excluding costs amounting to SEK 6.7 million related to former senior executives
  • Profit after tax amounted to SEK 115.6 (120.5) million
  • Earnings per share amounted to SEK 2.92 (3.05) before and after dilution
  • Seven new license agreements were signed, including G.Matica and Sky Betting & Gaming. Eleven new customers’ casinos were launched
  • Proposed transfer to shareholders is SEK 2.00 (2.00) per share

IMPORTANT EVENTS IN THE FOURTH QUARTER

Revenue growth for the fourth quarter was 21.6 percent compared to the fourth quarter 2010. The strengthened Swedish currency has held back revenue growth in SEK. In local currency, revenues increased by 23.1 compared to the fourth quarter 2010.

The number of game transactions amounted to 2.6 billion in the fourth quarter, an increase of 19.6 percent compared to the previous quarter and 48.9 percent compared to the same period in 2010.

During the fourth quarter agreements were signed for delivery of the casino portfolio to several large operators on the newly regulated online market in Denmark. On January 1 2012 Denmark opened up as a regulated market. Operators signed include Betsson, Unibet, Bet24, Sportingbet (including Scandicbookmaker and Danbook). Companies who intend to operate on the local market must fulfill the gaming authority’s compliance requirements during the fourth quarter 2012.

During 2011, Net Entertainment has adjusted and developed the Company’s system and games to be compliant with mobile units. In December the first mobile games were launched on the market. The initial launch includes mobile games supporting IOS terminals, i.e. Iphone, Ipad and Ipod, with three of the Company’s most successful casino games, Gonzo’s Quest, Jack Hammer and Blackjack. Net Entertainment’s mobile offering will be launched under the name NetEnt Touch™ and will include some of the best games from both the existing portfolio and new game releases. The launch of new mobile games will follow a phased roll-out approach to several partners during 2012.

Net Entertainments strategy is to be the leader within online casino. It is a continuous process to improve and expand the product portfolio and the Company constantly analyzes new opportunities. As a result from this, the Company has decided to launch its own Live Casino product with a planned release to the market around year-end 2012. This product segment is a complement to the Company’s existing games portfolio and is estimated to contribute positively to the Company’s growth in the future.

During the fourth quarter Per Eriksson was appointed CEO of Net Entertainment with a start date on March 1, 2012. Per is presently serving as CEO and President of Dustin Group AB. Prior to that, Per has had a long career within Dell, where he left as Head of Dell EMC (Europe, Middle East and Africa).

Intralot Interactive was launched in Italy where Net Entertainment is now live with five out of eight operators.

COMMENTS FROM BJÖRN KRANTZ, ACTING PRESIDENT AND CEO

Year 2011 was a year of new markets and product initiatives to secure continued solid growth for Net Entertainment moving forward. Revenues increased by 21.6 percent during the fourth quarter which is a result of organic growth. Net Entertainment has been successful in strengthening the position as a leading supplier of games and systems within online casino and our focus on customer closeness and product and technology leadership will continue to differentiate us. During 2011 our market share in Europe increased to 22.4 percent compared to 19.3 percent in year 2010 1.

Net Entertainment has a clear focus on online casino and to complement the existing product portfolio and strengthen the Company’s offering it was decided during the fourth quarter to launch our own Live Casino product with a planned release around year-end 2012. Live Casino is a relatively new form of gaming which has proven to be successful and is also expected to show good growth in the coming years.

We are committed to and take part in the ongoing regulation of our industry in Europe. Whether Net Entertainment enters a regulated market or not, is evaluated from case to case with regards to the financial, organizational and the strategic impact on the Company as a whole. Net Entertainment was among the first to enter Italy which regulated the market in July 2011 and Denmark which was regulated in January 2012.

We have now commercially launched five out of eight operators in Italy. The roll-out of remaining customers will take place as soon as practically possible. In addition, it is our ambition to launch slots as soon as the Italian authority allows it.

As a response to the growing mobile market the first mobile games were completed and launch took place according to plan during December 2011. Ongoing launches of new mobile games will take place during 2012 and we will monitor the development closely. The launch of new customers will take place continuously during 2012.

Several successful games have been lunched during 2011. Frankenstein was developed as part of our collaboration with Universal Studios and during the fourth quarter the development of Scarface was initiated which is one of the most well known brands ever in the movie industry. Two new platinum games were launched during the year, Robin Hood and Jack and the Beanstalk with graphics and a gaming experience which truly proves why Net Entertainment is the leading premium supplier of online games on the market today.

We will continue to invest in our business and organization to secure the opportunities identified by the Company, and to ensure short and long term competitiveness. We are taking another step towards becoming a full scale provider within online casino and it is very exciting to be able to offer our partners a broader product portfolio which strengthens both business and customer value in our strategic delivery responsibility as a supplier. I am convinced that Net Entertainment is well positioned for 2012 and I look forward to another exciting year.

(1), The market share is based on the gross gaming yield with Net Entertainment’s customers in relation to the European online casino market, estimated by H2 Gaming Capital in December 2011.

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Net Entertainment launches Mobile Casino Games

Posted by Gambling News | Casino News | Friday 23 December 2011 9:48 am

Net Entertainment is very proud to announce the launch of its first mobile portfolio games to the market. Players can now play Net Entertainment’s casino games wherever they are, whenever they want. Initial launch will include mobile games for IOS devices, i.e. Iphone, Ipad and Ipod, with three of the Company’s most successful casino games, Gonzo’s Quest, Jack Hammer and Blackjack. Net Entertainment’s mobile offering will be released to the market under the name NetEnt Touch™, which will consist of best in breed games from its existing portfolio, as well as new game releases.

The launch of Net Entertainment’s mobile games will follow a phased roll-out approach with several partners during 2012.

“The Net Entertainment brand is about quality and passion for gaming. This is a great moment for Net Entertainment, our partners and their player base, and I am confident that our mobile games will be very well received as the usability and total experience is truly magnificent. Our partners have been waiting for the day Net Entertainment introduces its first mobile games, and I am very happy that we now can offer their players a great end to end experience moving forward. We will continue to build up a solid portfolio of mobile games, which will frequently be launched to the market,” comments Acting CEO Björn Krantz.

Best Net Entertainment Casinos: Betsson Casino, Unibet Casino and Cherry Casino.

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Net Entertainment’s Mega Fortune™ Pays out a World Record €11.7 Million Jackpot

Posted by Gambling News | Casino News,Gambling News | Wednesday 28 September 2011 8:28 am

Net Entertainment congratulates the lucky 20-year old Norwegian who has won the world record breaking €11,7 million on Net Entertainment’s progressive jackpot slot, Mega Fortune™. The highest ever jackpot in the history of online gaming was won early Saturday morning on September 24, and the fortunate winner was at the time playing at Betsson Casino.

"It is my pleasure to congratulate yet another multi millionaire, and it is fantastic to acknowledge that Mega Fortune™ hits a world record in the online jackpot history. €11.7 million is truly life changing, and we can only take our hat off for the lucky winner" said Björn Krantz, Acting President and CEO at Net Entertainment. "We recognize a huge player interest in Mega Fortune™ and it is delightful to see how quickly these progressive jackpots can accumulate to such high payout levels. Our focus on portfolio and operational excellence stays firm and our commitment to provide our licensees with the most exciting games and thereby maximizing player experience is on top of our agenda".

Mega Fortune™ is a progressive jackpot slot which is part of Net Entertainment’s jackpot network, pooling the liquidity of players from several of Europe’s largest online casinos. During the last year Mega Fortune™ has paid out over €26 million to lucky players around the world.

Henrik Persson, CEO of Betsson Malta Ltd, also expressed great satisfaction to the news. He said, "Large jackpots are imperative for driving traffic and Net Entertainments progressive jackpot Mega Fortune™ truly delivers, and is probably the most exciting progressive jackpot game on the online gaming market today."

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