Last updated - 7 days ago!

NetEnt flourishes post-Evolution acquisition with Q4 2020 revenue uplift

NetEnt flourishes post-Evolution acquisition with Q4 2020 revenue uplift

Published on by Ben

In terms of business and market stability, 2020 was something of a rocky year. Online businesses boomed amid the increased time much of society spent indoors and the online casino industry is no exception. Online gambling became even more prevalent in 2020 as the audience increased well into the year, with little sign of it slowing down. But exactly how much is the market growing?

Between 2019 and 2020, the online gambling market has grown at a rate of 13.2% and the market is expected to reach $92.9 billion in 2023. That increase comes from a few different circumstances, not all of which are due to the higher number of people spending time indoors. New technology such as IoT, BR, and Blockchain is revolutionising how users can gamble. VR headsets offer a chance to enter a “virtual casino” and users are exposed to a more authentic casino gambling experience. The widespread implementation of blockchain technology is another driver of growth as increased transparency behind online casinos’ scenes increases player trust in the industry.

NetEnt – impressive revenue increase

NetEnt entertainment is no stranger to firm profits; 2020 was no exception. The successful gaming supplier contributed €17.8 million to Evolution’s 2020 fourth-quarter revenue. According to their quarter year-on-year, this is an increase of 5% – and Evolution fully expects that growth to continue post closure on their acquisition of the company on the 1st of December 2020. Evolution’s CEO, Martin Carlesund, believes that NetEnt’s potential is “great”, stating that:

“We acquired NetEnt because we believe that we together can create something great. To maximise the potential of this acquisition it was essential that we discarded existing structures and rapidly rebuild ourselves in a joint version. We were well prepared before the take-over and started the execution on day one.”

Mr Carlesund further explained his faith in the online gambling market in general, explaining that the “overarching trends” of the industry were clear. He foresees continued growth at a high rate in the years to come as market regulation and access to high-speed internet improves. He outlined his vision for the future of NetEnt and Evolution by saying: “We have our growth runway laid out to meet this growing demand, and we will continue to invest in studio capacity and keep our relentless focus on product innovation and a flawless delivery by our team and striving to do better every day.”

Ben Boland

Ben Boland

Content Writer

Like his chum James, Ben is another bearded Brit that has made the transition from formal journalism training to the beautifully claustrophobic Mediterranean island of Malta. There he is a Content Writer for NetEnt Casino, ensuring that all utterances are legible and – most importantly – accurate.

Top NetEnt Casinos

Last updated:

  1. Play now
    Exclusively at NetEnt Casino
    Exclusively at NetEnt Casino

    Bonus Match up to €1800 + 10 Free Spins

    T&C's Apply
  2. Play now
    Exclusively at NetEnt Casino
    Exclusively at NetEnt Casino

    €2000 + 150 Free Spins

    T&C's Apply
  3. Play now
    18+ The free spins are valid once per player and account. The free spins are granted on the game "Book of Dead". The bonus balance gained from the free spins must be converted at least 75 times within 7 days. The maximum withdrawal amount is € 100. The free spins can only be redeemed if there is no further bonus or bonus balance on the account
  4. Play now
    Exclusively at NetEnt Casino
    Exclusively at NetEnt Casino

    €2000 + 50 Free Spins

    T&C's Apply

Campeonbet Welcome Bonus

New Casinos

Last updated:

  1. Play now
    Latest Featured Casino
    18+. 40x Wagering Requirement On Both Bonus Deposit & Bonus Spins.Full Terms & Conditions Apply.
  2. Play now
    Latest Featured Casino
    Latest Featured Casino

    100% up to €500

    18+. First Deposit For New Customers Only. Min. Deposit of €10, Max. Bet of €5. 50x Wagering Requirement.
  3. Play now
    Latest Featured Casino
    Latest Featured Casino

    10% Weekly Cashback

    18+. No wagering requirement.
  4. Play now
    18+. 40x Wagering requirement on bonus + deposit, time limit of 7 days. Free spins can be redeemed on Rook's Revenge only.
  5. Play now
    18+. New Players Only. Minimum deposit of €20 required. Free spins limited to NetEnt slots only. Wagering requirements in place. Full terms and conditions apply.
  6. Play now
    18+. There is a wagering requirement of 35x the deposit plus the bonus. Full terms and conditions apply.
  7. Play now
    First Deposit Only. Min. deposit: £10, max. Bonus £50. Game: Book of Dead, Spin Value: £0.1. WR of 30x Deposit + Bonus amount and 60x Free Spin winnings amount (only Slots count) within 30 days. Max bet is 10% (min £0.10) of the free spin winnings and bonus amount or £5 (lowest amount applies). Spins must be used and/or Bonus must be claimed before using deposited funds. First Deposit/Welcome Bonus can only be claimed once every 72 hours across all Casinos.
  8. Play now
    18+. Terms and Conditions Apply. This offer is available only once per customer. Wagering requirement equal to 35 x the deposit + any bonus amounts. Winnings from the free spins are subject to wagering of 40x. The maximum bet while wagering bonus money is €5 until min. wagering requirements have been met. More information on this bonus is available in section 7 of the Slotspalace General T&C. Gambleaware.org.
  9. Play now
    Exclusively at NetEnt Casino
    The offer is only valid from a deposit of 20 EUR This slot can be changed to another one by decision of the Stelario casino administration according to the current promotion offer and can be discussed at the time of requesting a bonus
  10. Play now
    Exclusively at NetEnt Casino
    The minimum deposit to qualify for the bonus is 20 euros. There is a 40x wagering requirement on the bonus money given.

Wallacebet Welcome Bonus

✕︎

Register for 100+ free spins and more!

A valid email is required.

Invalid Email.

*This offer is not valid for residents of Great Britain.

*All emails include an unsubscribe link, where you can opt out any time.

Register for 100+ free spins and more!

A valid email is required.

Invalid Email.

*This offer is not valid for residents of Great Britain.

*All emails include an unsubscribe link, where you can opt out any time.