NetEnt
Also known as: Net Entertainment, NetEnt AB
NetEnt is a Swedish slot developer, now a brand and studio inside Evolution. It produced HTML5 and, earlier, Flash video slots for regulated European markets and was listed on Nasdaq Stockholm until 2020. Its catalogue includes several titles that became reference points for the format, such as Starburst and Gonzo's Quest.
- Founded
- 1996
- Headquarters
- Stockholm, Sweden
- Ownership
- Evolution AB (publ), Nasdaq Stockholm: EVO.
- Licences
- Distributed under Evolution group licensing (MGA/CRP/187/2010), UKGC, Sweden SGA, Romania ONJN, Italy ADM, Ontario AGCO, New Jersey DGE
- Products
- slots, live casino (legacy NetEnt Live, folded into Evolution)
- Also known as
- Net Entertainment, NetEnt AB
- Website
- www.netent.com
History
NetEnt was founded in 1996 as Net Entertainment, reported to have been established by Bill Lindwall and Rolf Lundstrom as part of the Swedish gaming group Cherry, whose cherrycasino.com was among the earliest internet casinos. It later listed independently on Nasdaq Stockholm and became the default studio on Nordic and UK casino sites.
In September 2019 NetEnt agreed to acquire Red Tiger Gaming for around GBP 220m, adding a second studio. In June 2020 Evolution made an all-share offer valuing NetEnt at about SEK 19.6bn, and took full control by 2 December 2020, bringing Red Tiger with it. NetEnt now operates as a studio brand within Evolution rather than an independent listed company. Its games are still served from the long-established casinomodule.com infrastructure, and netent.com and redtiger.com resolve to the same address — a clean technical marker of the shared Evolution ownership.
Notable
- Was itself an acquirer before being acquired: it bought Red Tiger Gaming for around GBP 220m in 2019, a year before Evolution bought NetEnt.
- Evolution's all-share offer valued NetEnt at about SEK 19.6bn; Evolution took full control on 2 December 2020.
- Originated as a spin-out of the Swedish gambling group Cherry.
- Its games are still served from casinomodule.com, and netent.com and redtiger.com resolve to the same IP address.
Notable work
- Starburst
- Gonzo's Quest
- Dead or Alive II
- Divine Fortune
- Blood Suckers
How well established
The Red Tiger and Evolution transactions and their valuations are documented from company announcements. The 1996 founding and the connection to the Cherry group are reported rather than taken from a register.
