Record revenue increase for NetEnt

A historic 28.8% revenue increase from July to September 2015 has been announced by Swedish supplier and developer of online casino solutions, NetEnt. Revenue for just these three months amounted to SEK279.8 million compared to SEK217.2 million in the same months the previous year. In the period between January and September 2015, NetEnt’s operating profit rose to SEK105.3 million, increasing by 43.5% with an after tax profit increase of 44.5%, SEK97.6 million compared to the previous year. Total revenue in the January to September period was up 32.5% to SEK809.3 million. NetEnt

Significant gaming deals

The increased revenue was attributed to the fact NetEnt signed nine significant license agreements. They struck a partnership deal with UK Casino and gaming company Gala Coral and also signed an agreement to provide a range of popular casino games to New Jersery based operator Golden Nugget. gala coralAs well as these lucrative new contracts, while they were waiting for their application for a full gaming license to be reviewed by the state, NetEnt was given a transactional waiver by the New Jersey Division of Gaming Enforcement for new products launched with the and Borgata brands. After a successful integration on the network, NetEnt casino games are now live.Although the nine significant new contracts made a huge impact on revenue, NetEnt actually signed a total of 29 new licensing agreements over the period in review with 21 of its new customers’ casino sites going live in that nine month period.

NetEnt strategy for the future

The President and CEO of NetEnt, Per Eriksson said that a historic milestone had been reached over the past three months after launching a selection of games in New Jersey.Per Erisson NetEnt He announced they would continue to introduce their product into newly regulated markets, will concentrate more on the mobile gaming sector and are still committed to launching a minimum of one new gaming title each month.  

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