History of NetEnt Games
NetEnt games is a leading global casino software company. This provider is well-known for designing and developing many online games used in online casinos – also try Blackjack live. They also offer support to players who want guidance in playing fair games. Their popular games include Gonzo’s Quest, Starburst, Raid the Reels in Vikings, and many more. NetEnt Games has a fascinating history, and in this article, we will narrative it in brief.
NetEnt became prominent in 1996, but its history dates back to the 70s. It started as a Scandinavia company called Cherry. Cherry, at some point, decided to completely overhaul its business model after an outright ban on all slot machines in Sweden.
From 1986 to 1991, Cherry went through fundamental changes, including offering shares and supplying slot machines to several European casinos. In 1992, the management decided to shut down operations.
Pontus Lindwall, a European businessman, realized the business’s potential of this company and invested in it as a partner.
The business’s name was then changed to Net Entertainment, and after signing other agreement details, the deal was closed. The name was later shortened to NetEnt in 2015. At the time, Lindwall brought in two companies that invested about 75 million SEK, which currently worth about 8.5 million euros.
The company continued to grow and became a sound name in the iGaming industry. It also became a pioneer of the now famous online gambling industry. It also launched its first online casino in 2000. By 2007, the company had built some recognition and was included in the NGM Equity. By 2009, it was listed on the stock exchange floor in Stockholm.
After the first launch of its first online casino in 2000, NetEnt released another casino, NetEnt CasinoTM, in 2003.
By 2003, the software provider was set to offer casino modules to several of its players. The company experienced a massive surge in sales and started recording profits. From 2004, it began to export casino modules to international customers. In recognition of its work rate, NetEnt received its first operation license from the Malta Gaming Authority (MGA) in 2005.
After releasing the blockbuster game, Gonzo’s Quest, NetEnt, received a category two license from the Alderney Gaming Commission.
The company pulled greatness and, in 2011, launched their first mobile game. It also expanded further into Europe through Italy.
NetEnt launched its first-ever mobile casino in 2016 and started expanding into other European markets, including Portugal, Bulgaria, and Romania. They also became a member of the World Lottery Association. Since the mobile casino launch, over 100 of the games in its collection have been converted to mobile games.
Over the years, NetEnt has made steady progress and is now “a leading provider of premium gaming solutions to the world’s most successful online casino operators.”
This company is unique, as it holds no ownership of a casino or even has interests in any. All their focus is on offering top-quality games for the players. Now, they’re heavily investing in live casino games.
NetEnt has received several awards, including the EGR Awards, International Gaming Awards, and Global Awards.