Acquisition of NetEnt by Evolution Gaming: the consequences for playersThursday, December 31, 2023
It is an acquisition that will undoubtedly mark a milestone in the history of iGaming: on November 16, EvolutionGaming officially acquired Netent for the sum of $2.25 billion Behind this colossal transaction lies a real upheaval in the online casino industry, which will undoubtedly have consequences for players. We wanted to find out more.
A takeover that is justified on several levels
From June, persistent rumors highlighted Evolution Gaming's desire to acquire NetEnt. The official announcement a few weeks later made a lot of noise as it involves two industry giants.
Evolution Gaming and Netent notably achieved exceptional results during the third quarter of 2020: the first city experienced an increase of 48% of its revenues with 165.8 million dollars while the second recorded more than 60.3 million dollars, an increase of 18% compared to last year.
In September, Evolution Gaming acquired Red Tiger Gaming, a renowned studio known for the quality of its slot machines. The effect was immediate with record-breaking revenue results, which ultimately convinced the company to acquire Netent.
There Competition and Markets Authority (CMA) nevertheless conducted an investigation to find out whether this transaction would not disrupt the market, before finally giving its approval.
Changes in the coming months
“The two software are now closely linked and will work hand in hand with online casinos, which is a boon for players. »
Founded in 1996Netent is considered one of the pioneers of iGaming, just like Microgaming and Betsoft. The studio has particularly built its reputation in the field of slot machines, with titles such as Gonzo's Quest™, Narcos™, Aloha Cluster Pays™, and Mega Fortune™.
In recent years, Netent had also embarked on live games, the preserve of Evolution Gaming.
With this takeover, Evolution Gaming thus recovers the entire Netent catalog , even if the games are likely to keep the name of the old publisher. The two software are now closely linked and will work in harmony with online casinos, which is a boon for players.
In the weeks to come, you will invariably find the games signed Netent and Evolution Gaming on the same online casino! In the meantime, EG nevertheless announced dismissal several hundred employees at Netent…