After Netent Was in Crisis: UK Evolution Gaming Acquires It!
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NetEnt has been successful in the last few years with its colorful, fun, flashy and varied slot machines. The company has launched progressive jackpot slots that offer the chance to win millions even with small stakes. Between 2018 and 2020, the NetEnt train seems to have come to a standstill.
NetEnt has sold a soccer slot machine to UK Evolution Gaming. The game is bad in terms of mechanics and offers a frustrating bonus feature. The competition for slot machines with a football motif is not that great.
Divine Fortune Megaways is a sequel to the successful first version. It does not have a jackpot, no bonus rounds and it has bonus symbols which are almost impossible to catch.
Finn and the Swirly Spin is one of NetEnt's unfortunate experiences. The game does not offer standard payouts, but its main drawback is the lack of bonus features.
Evolution takes over NetEnt and fires its workforce. The employees in Malta receive the termination of their employment directly from the new owners. Evolution is the largest provider of live casino games with real dealers in the Latvian capital Riga. It controls more than 95% of the European live dealer market share.
300 employees in NetEnt's Maltese office were dismissed on December 1st. UK Evolution Gaming has bought the company.
UK Evolution Gaming has bought Netent. The creative department will continue to exist. Marketing and account management will be the only changes. The employees from other countries will not be affected by it.
NetEnt and Evolution Gaming are Swedish companies traded on the Stockholm Stock Exchange under the legal form AB. NetEnt's share price doubled after the takeover became known in June. Evolution's has grown by 20% since mid-September.
Evolution Gaming has bought Netent. 300 employees were only informed today. The location of Evolution is likely to remain at the airport in Luqa. Evolution itself has some employees in Malta. The remaining NetEnt Maltese will soon be sharing an office with Evolution. There are still many game manufacturers in the gambling industry. Several new game makers have appeared on the scene in recent years.
