The last day of trading on the exchange was December 16th, 2020. The reason why? Because NetEnt’s shares were all sold to one big fish in the iGaming sea called Evolution Gaming. It was this day that the NetEnt B-shares were delisted from Nasdaq Stockholm after its introduction on the stock exchange in 2009.
There are a lot of stock markets worldwide. We all know the name Wall Street, the biggest stock exchange in the world in New York. Fluctuations in the Down Jones index (the average value of all shares together) can have a great impact on the world’s economy. NetEnt’s stocks, however, were listed at a smaller stock exchange, based in the Swedish capital Stockholm, confirming their Swedish roots. NetEnt’s class B shares are traded on NASDAQ Stockholm, Large Cap.
NetEnt was established in 1996 as Net Entertainment and served the NetEnt fans for over 20 years! In those years, we enjoyed innovative slots such as Starburst™, Gonzo’s Quest™, and Mega Fortune™ with which NetEnt created many millionaires. The list is long, because we will never forget who created the NetEnt Rocks series, for example.
In 2020, a two-decade chapter closed and a completely new chapter opened. Evolution Gaming acquired NetEnt with one very clear desire, to become the largest in iGaming! In my opinion, it’s never a good development for an industry to see two immense companies emerge. When competition disappears within an industry, power becomes a dangerous aspect and I saw this happening in the years I started writing about iGaming in 2009.
I also happen to know that a fresh wind through a company can do miracles for a product. So while I’m busy getting used to the idea that my beloved NetEnt slots are now basically Evolution slots, the new owner is probably busy blowing a fresh wind through the development department. We can only be patient to see what the result will be.
Evolution’s acquisition of NetEnt
In June 2020, NetEnt accepted a €1.8 billion acquisition offer put forward by Evolution Gaming, meaning Evolution would acquire 90% of NetEnt’s corporate shareholding at €7 per share. In December 2020, Evolution revealed that the offer was closed and that the company initiated a compulsory buy-out procedure in accordance with the Swedish Companies Act for the purpose of acquiring those shares not submitted in the offer.
Not long after, as mentioned before, NetEnt applied for the delisting of its shares from Nasdaq Stockholm, with the last day for trading on the 16th of December 2020.
From this date, NetEnt is operating under the Evolution banner which likely ends up in Evolution undertaking a total reorganization and integration of the newly acquired supplier. What this means for the name of the games and the future of the NetEnt slots, only the future can tell.
Who is Evolution Gaming?
Founded in 2006, Evolution is ten years younger than NetEnt. The company was initially established to revolutionize the European live dealer platform which they did. NetEnt Live was an outstanding Live Dealer product, but it could never really compete with Evolution’s extended live platform. Evolution, on the other hand, never had the intention to be the number one in video slots. At least, not by developing over 200 games of their own.
With the acquisition of NetEnt in 2021, Evolution not only acquired hundreds of casino games and slots, but it also took out their biggest competition. A very strategic buy as well as a huge step to becoming the largest supplier of online casino games.
It will take a few years before we all see Evolution as exactly that, simply because iGaming enthusiasts, for now, will remember NetEnt as NetEnt and Evolution as the supplier of live casino games.
And that they are the largest in Live Casino, they proved by
– opening their Spain studio and the 100th live table at their Riga studios in 2013
– opening a Live Studio in Malta in 2014, the iGaming hub of Europe.
– introducing their shares on Nasdaq First North Premier, Stockholm, opening their Belgian Live Studio and launching their Dual Play solution in 2015
– opening another studio in Romania as well as Engineering hubs in Estonia and the Netherlands while celebrating 10 years of existence in 2016
– moving its shares to Nasdaq Nordic in 2017, the same year it launched Dream Catcher
– In 2018 Evolution acquired Ezugi, launched its first major expansion outside of Europe in Canada, opened a production hub in Tbilisi, Georgia and its first Live Casino studio in the USA in New Jersey. If not enough yet, they also launched Lightning Roulette
– 2019 was reserved for MONOPOLY Live and Deal or No Deal Live, as well as the opening of the Belarus Engineering hub
2020 and Onwards
And then 2020 comes, the year that ended with the acquisition of NetEnt, NetEnt casino and Red Tiger. The latter is NetEnt’s first and last acquisition. But 2020 was more than just the takeover of NetEnt. In 2020 Evolution gaming opened two additional Live Casino studios in Pennsylvania, USA and Lithuania while launching Crazy Time. This is Evolution’s most entertaining, bonus-packed game ever!
Not convinced yet? You must have missed a few lines then, but okay, what about this?
In 2020 Evolution won the Live Casino Supplier of the Year for the 11th year running at the EGR B2B Awards. And that of my beloved NetEnt fans, is Evolution Gaming! So let’s welcome them as the new owners of the NetEnt slots. I’m pretty sure they will cherish the NetEnt slots as much as we do and won’t let go of what was NetEnt’s gold mine for a long time!
What do we know about the Evolution Stocks?
- The shares of Evolution Gaming Group AB (publ) were originally listed on Nasdaq First North Premier on 20 March 2015.
- On 7 June 2017, the shares started trading on the main market of Nasdaq Stockholm.
As every share has its up and downs and the same goes for the Evolution stocks. However, when looking at the past year, you see the shares gradually rising increasing. It’s like gambling, you never really know what happens to shares, but the future looks bright for Evolution as one of the largest suppliers of online casino games.