Evolution Formally Begins NetEnt Acquisition 

Evolution has recently acquired gaming provider NetEnt. Read to find out the potential impact this can have on the iGaming industry in Malta and potentially some of your favorite games.

Evolution, formally Evolution Gaming, has officially begun its acquisition of large gaming provider NetEnt

This will result in what Evolution is calling a “total reorganization” of NetEnt. 

What does this mean for NetEnt?

Evolution is currently one of the top live dealer game providers in the world. As such, NetEnt’s live casino division will be closed with Evolution’s live casino division enveloping them. This move will allow Evolution to reduce costs by €30m per year. 

Furthermore, NetEnt has also announced that it will delist its B-shares from the Nasdaq Stockholm exchange on 16 December while Evolution has also initiated a compulsory buy-out procedure to acquire all outstanding shares. 

NetEnt currently employs 1,000 employees worldwide. 

The Times of Malta has reported that a spokesperson for Evolution has stated that Qormi studio will be permanently shut down, leaving all employees “at risk of redundancy.” 

What does this mean for the iGaming industry in Malta? 

Currently, the Chief Operations Officer of the Gaming Malta Foundation, Ivan Filletti, is assuring Maltese citizens that those affected will be able to find positions within top gaming companies.

He was quoted in The Malta Independent as saying, “There are currently over 700 open vacancies within the Maltese islands. Many companies have reached out to us to match skills with those made redundant. Job causalities in the sector are related to mergers and take-overs, not Covid-19”.

He has assured that the gaming industry in Malta is “stable,” and that “and the country remains a desirable hotspot for gaming companies from across the world.” 

What does this mean for players of NetEnt games?

The acquisition of NetEnt by Evolution is not expected to have any impact on those that enjoy playing NetEnt games. 

While the live casinos division of NetEnt is closing, players will instead be shifted to Evolution’s live studios to be able to enjoy the same gaming experience. 

All of your favorite slot games will continue to be available as well. 


https://www.usonlinecasino.com

Welcome to Usonlinecasino, your information source for the American gaming realm. If you are interested in playing the best online casino games or getting your hands on the biggest casino bonuses, then you’ve come to the right place. We recommend reading through our guides for casino information as well as browsing through our news section for the latest 411. You will always have new, interesting content here at Usonlinecasino.

Contact us

 

All players must be 21 years or older to gamble online. Gambling is supposed to be fun, not dangerous. If you feel that yourself or someone around you has a gambling problem, seek help and guidance immediately. Call 1-800-GAMBLER for immediate help or visit https://www.ncpgambling.org/