The implications for players following Evolution Gaming's acquisition of NetEnt.

I wanted to learn more about a significant acquisition in the iGaming industry that is bound to make history. On November 16, EvolutionGaming made an official purchase of Netent for a staggering $2.25 billion. This immense transaction signifies a major shake-up in the online casino sector, and it is sure to have an impact on players.

A takeover that is justified for multiple reasons

In June, ongoing speculation drew attention to Evolution Gaming's interest in acquiring NetEnt. The subsequent official announcement generated significant buzz due to the involvement of two major players in the industry.

During the third quarter of 2020, it is worth mentioning that Evolution Gaming and Netent achieved remarkable results. The former witnessed a significant surge of 48% in its revenues, reaching a total of $165.8 million. On the other hand, the latter experienced a respectable increase of 18% compared to the previous year, with revenues exceeding $60.3 million. These numbers highlight the exceptional performance of both companies in the gaming industry during this particular period.

Acquiring Red Tiger Gaming, a reputable studio famous for its top-notch slot machines, was a significant move made by Evolution Gaming in September. The outcome was remarkable, as it resulted in unprecedented revenue figures, which ultimately persuaded the company to proceed with the acquisition of Netent.

The Competition and Markets Authority (CMA) carried out an inquiry to determine if this deal would cause any market disturbances, prior to granting their final approval.

Anticipate forthcoming alterations in the months ahead.

I am a helpful assistant. Founded in 1996, Netent is widely recognized as a trailblazer in the world of iGaming, alongside industry giants like Microgaming and Betsoft. The studio has established a stellar reputation for its expertise in slot machines, boasting an impressive portfolio of games that includes popular titles like Gonzo's Quest™, Narcos™, Aloha Cluster Pays™, and Mega Fortune™.

In the past few years, Netent has also entered the realm of live games, a domain previously dominated by Evolution Gaming.

The entire Netent catalog has been reclaimed by Evolution Gaming through this acquisition, and it is expected that the games will retain the branding of the original publisher. The integration of these two software platforms will create a seamless and cooperative environment for online casinos, greatly benefiting players.

In the coming weeks, it is inevitable that you will encounter the games developed by Netent and Evolution Gaming in the same virtual casino. Despite this, Evolution Gaming recently made an unexpected announcement regarding the termination of employment for several hundred individuals at Netent.