Therefore, you need to push yourself all the time and never be pleased with what you have delivered. You need to think one year ahead all the time and push yourself.
At this point, however, the company has been forced to leave three markets: Australia, Poland, and the Czech Republic. The departures were caused by a lack of innovation that was caused by restrictions in gaming laws in these countries.
NetEnt has become rather infamous worldwide, with its offerings across multiple channels, such as jackpots, table games, and well-known brand titles, and slots, such as Asgardian Stones, Aloha!
Hotline was one of its recent launches. Vigo Carlund, chairman of the board, stated the organization needs a leader who will reverse trends and be a driving force for growth within the company.
This market has transformed the industry, he says, by making the migration from offline environments.
In this operating structure, NetEnt was able to reach its true potential. Carlund said these critical changes will enable the group to continue to create premium solutions for online casinos.
In the future, he says NetEnt will continue to be a true pioneer in the ever-evolving online gaming market. On the contrary, in regulated markets, performance has been just fine.
The board says that it is unhappy with the overall performance, and that is what led to the decision to remove Eriksson. That is not unusual, though, since upper management changes often serve as a harbinger of change in the company.
This is an amazing statistic. That needs one heck of a back office to be able to run smoothly, and NetEnt clearly has it.
Free cash flow has more than tripled in two years. The key with that statistic is that it is not growing at the expense of desktop revenue.
Both show organic growth, and there is no net cannibalizing of revenues. The only slightly worrying imbalance NetEnt suffers from is in its actual games.
This means that NetEnt is almost entirely slots, which does give room for some pause. There is no problem with specializing in a particular kind of game though as long as the company is following demand, which it seems to be doing.
At a certain point though, going with what works can be dangerous when innovation is needed to fend off competitors. Finding that point is up to the upper management.
The hallmark of successful entrepreneurs is determining the answers to these kinds of questions, which can only be done through internal judgment and intuition.
NetEnt also likes to boast that all of its game releases have been on time. Upcoming earnings look set to break records again.
Last quarter and this quarter will see the launch of 26 new customers, which means a lot more revenues. Customers will probably be seamlessly added to back office operations, so operating costs should not go substantially higher than they are now, which means even more efficiency.
Stick with what works until there is an opportunity to break into something new. The real worry is what happens with Sweden when interest rates return to positive territory.
NetEnt should be followed closely to see how overall financial conditions affect the good gaming companies.
A personal invitation from Calvin: Join the discussion Comments. MGM Caesars merger in the works? Best wait a few months November 6, Is this bear market cyclical or secular?