Evolution Gaming bid to Buy NetEnt Online in $2 bln Online Casino Deal

Evolution Gaming Group AB highlighted on Wednesday that it has placed a bid to buy NetEnt online Ab for an amount close to 19.6 billion (2.12 billion). This is a move to broaden its gaming collection as well as increased earning via cost-saving.

The Crowns offer of 79.93 per share signifies a superior of 43% compared to NetEnt closing price on Tuesday.

The NetEnt board of directors have introduced the offer to its shareholders. This is a move to elaborate transparent amongst their peers.

Furthermore, NetEnt shareholders will get 0.1306 Evolution shares for each share that they own. Several of big NetEnt shareholders who are in possession of 45% of the company have gone all the way to accept the offer.

“Evolution’s position within Live Casino combined with NetEnt’s position within online slots will create a company well-positioned to take significant market shares,” NetEnt

There are chances that this deal will result in an annual cost saving of around 30 million euros ($34 million)

Jens von Bahr, chairman of Evolution Gaming

“This strategic deal marks a significant step towards Evolution’s long-term vision of becoming the global market leader in the online casino industry.

“The combination of Evolution’s strong offering in a live casino with NetEnt’s leading position in online slots will result in a world-class portfolio of online games that will enable us to serve a growing customer base.

“Furthermore, NetEnt’s established US positioning combined with Evolution’s existing US studios and first-to-regulated-market strategy will put us in a favourable position to capitalise on the on-going regulation in North America.”

Final Thoughts

Evolution Gaming is expecting the deal to produce a whopping 30 million euros. At the same time, they are also expecting positive results in earning per share in 2021. There is a high possibility that this deal will enhance the casino gaming environment and there is an expansion of real money casino gaming for USA players and the world at large.

FAQs