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NETENT AB

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NETENT AB - ICT showcase

Year Founded & Workforce

1996

Industry

ICT

Services

Online CasinoMobile gambling
N

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NETENT AB Overview

Company Headquarters: Sweden

Founded: 1996

Workforce: ~NA

Company Working: NetEnt AB is a Swedish digital entertainment company, providing casino systems and online gaming solutions to its users. The company offers around 200 gaming solutions in 24 languages with related technical support. Furthermore, the company has various subsidiaries including Red Tiger Gaming Limited, Net Entertainment Malta Ltd, and Netent Americas LLC. The company has a wide geographical presence across the US and various countries in Europe.

Strategy

NetEnt AB has increased its investments in R&D to provide innovative gaming solutions to its users. This strategy has helped NetEnt AB to innovate upgraded products, thus enhancing its product portfolio. Furthermore, the acquisitions of Red Tiger Gaming Limited, Net Entertainment Malta Ltd, and Netent Americas Llc will aid NetEnt AB to enhance its product offerings and market presence.

Company Snapshot

$60.35M

Revenue

1996

Founded

Sweden

Headquarters

SWOT Analysis

Strengths

  • Merger & Acquisitions

Weaknesses

  • Dependence on US & European market

Opportunities

  • Geographical expansion
  • Introduction of new games

Threats

  • Intense competition
  • Fluctuating foreign currency exchange rates
  • Stringent regulatory environment

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Key Developments

DateApproachDevelopment
September 2019AcquisitionNetEnt AB has recently acquired Red Tiger Gaming Limited, a leading casino software provider, to improve its product portfolio. The acquisition will aid NetEnt AB to increase its customer base and market presence
September 2019AcquisitionNetEnt AB has recently acquired Red Tiger Gaming Limited, a leading casino software provider, to improve its product portfolio. The acquisition will aid NetEnt AB to increase its customer base and market presence.

Product Offering

  • NETENT AB
    • Online Casino
    • Mobile gambling

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Region: Sweden was USD 60.4 Mn in 2018.
NETENT AB — By Region
Series (USD Mn)2018
Sweden60.4
Malta42.3
Alderney42.5
Ukraine15.5
Gibraltar23.6
United States12.4

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