The board of NetEnt AB has confirmed that it has accepted an SEK 19.6bn (€1.8bn) acquisition offer put forward by Evolution Gaming AB. The offer, priced at SEK 79.93 (€7) per share, will see Evolution move to acquire 90% of NetEnt’s corporate shareholding. Evolution’s intended offer represents a premium of 43% on NetEnt’s closing SEK 56.10 share price on the …
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A consortium of Swedish online gambling companies have ‘unanimously contested’ the Ministry of Finance’s proposals to place further restrictions on online gambling licensees. In a joint statement issued by Swedish igaming trade body BOS, nine CEOs have called for the government to reconsider the ‘unrealistic proposals’, which are said to ‘play into the hands of the unlicensed market’. The statement …
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CEOs of Sweden’s leading igaming operators have warned health minister Ardalan Shekarabi not to ‘torpedo his own gambling regulations’, emphasising that further restrictions on the sector will result in an increase of punters betting via unlicensed operators. As health minister overseeing Sweden’s response to the coronavirus pandemic, Shekarabi has ordered Swedish parliament to adopt a series of temporary online gambling …
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Royalbet has become the latest online casino brand to integrate SkillOnNet’s licensing and compliance protocols to launch to players in regulated markets around the world. As a result, the new online casino has been able to offer over 3,000 slots and casino games to players in the UK, Sweden, Denmark and other jurisdictions across Europe that accept Malta-licensed brands. A …
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Stockholm-listed NetEnt AB has moved to accelerate its UK commercial development and growth strategy, confirming the establishment of it’s new ‘NetEnt UK Ltd’ subsidiary, which has been further supported with the opening of a new strategic office in London. Updating stakeholders, corporate governance confirms that NetEnt UK has established its offices located at the Stanley Building in London’s Kings Cross …
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BetConstruct has powered the launch of Online Betting Ltd through white label gaming platform provider ProgressPlay. Online Betting Ltd is available now at https://onlinebetting.ltd.uk, while an iOS app is expected to launch before the end of 2019. Through BetConstruct, the new betting brand offers more than 55,000 pre-match events and 30,000+ live matches every month across 140 different sports. Online …
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Just a few moments after the eagerly anticipated launch of Exploding Jackpots at ICE London, SBC News was there to talk to Ian Bradley, SBTech’s Chief Strategy Officer. We asked him what SBTech had learned from the successful Pulse reveal in 2018, and how the ‘Big Bang’ will bring about a new betting experience for SBTech partners. SBC: What did …
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Publishing its full-year 2018 results, Therese Hillman new Chief Executive of Stockholm-listed industry games developer NetEnt AB, has emphasised that her new executive team will continue to execute ‘changes delivering efficiencies for commercial growth’. NetEnt’s CEO closes a transformative Q4 2018 trading period, in which the games developer has undertaken a series of organisational adjustments – significantly reducing headcount within …
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Stockholm-listed industry games developer NetEnt AB has confirmed the promotion of Lars Johansson as Chief Financial Officer (CFO), fulfilling the executive leadership role on a full-time basis. Johansson had led NetEnt’s finance and auditing since September 2018, following the promotion of former CFO incumbent Therese Hillman as corporate Chief Executive Officer. NetEnt’s new CFO has more than 30 years of …
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The governance of industry games developer NetEnt AB has confirmed that it has undertaken its first organizational streamline, which has resulted in job-losses of 55 positions within its Stockholm headquarters. The Stockholm-listed enterprise released a statement, outlining that it has taken action to ‘optimise its operations’ with a viewing of enhancing its game production output. The restructuring of NetEnt’s …
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