NetEnt to Develop First Real-Money VR Slot Game

NetEnt to Develop First Real-Money VR Slot Game

NetEnt to Develop First Real-Money VR Slot Game

Developer and supplier of online casino content NetEnt is set to venture much deeper into virtual truth and exploit the opportunities the technology holds for the sector that is iGaming. The organization itself made it known today so it will build up and launch its first real-money VR slot.

A VR version of the highly popular Gonzo’s Quest name comes as an element of the Swedish provider’s strategy to react to an increasing trend in the international gambling industry. According to NetEnt, the WebVR technology will mature enough in 2017/2018 to aid VR game-play at a fundamental degree.

During last year’s ICE Totally Gaming show, the Swedish designer talked about five ideas it might further give attention to in future and digital truth was one of these. The company demonstrated how drastically the new technology could change the online gambling landscape through a free-to-play demo version of its popular slot Jack and the Beanstalk.

NetEnt are showcasing a model of its Gonzo’s Quest VR game only at that year’s ICE completely Gaming. One of the greatest iGaming-dedicated programs to be place that is annually taking today and will be running all the way through February 9 at ExCel London.

Virtual Reality and also the industry that is iGaming

Virtual truth has been a location numerous have actually explored and attempted to attain progress in over the decades that are past. And the most critical current development in that industry arrived a year ago once the Oculus Rift along with other VR headsets were released. Sensing the prospective the VR technology holds, it is not a surprise that iGaming developers have been showing interest that is deep it.

The web gambling industry happens to be for a constant quest for innovation and it’s also thought that virtual truth will prove to be an innovation driver that is big. As VR is expected to help establish it self as a trend that is important just within iGaming, however in general, more players will be searching for a chance to bask into the alternative gambling experience the technology provides.

In accordance with a recently available report by research company Cellphone & Online Gambling: Casinos, Lotteries, Betting & VR 2016-2021, the digital truth casino industry is poised to grow into a €500-million one by the conclusion regarding the period that is reviewed.

Mr Green Eyes Danish iGaming Market Entry with Dansk Underholdning Acquisition

On line gambling operator Mr Green Ltd. today announced the purchase of its counterpart Dansk that is danish Underholdning. The offer represents area of the Malta-based gambling business’s technique to expand into regulated areas.

Dansk Underholdning is licensed by the Danish Gambling Authority Spillemyndigheden and runs several brands that are iGaming its domestic market. After the purchase, Mr Green will be able to introduce operations in Denmark. This is certainly set to happen later in 2017. The gambling operator stated it expects the offer to impact positively its company by realizing additional earnings and operating cash flow.

The purchase is at the mercy of approval from the gambling that is local and is probably be closed in April. Mr Green is placed to pay €9 million in cash for the operator that is danish. An extra consideration of €650,000 may be put into the initial purchase price in April 2018 in case particular preliminary posed conditions have now been satisfied.

Peter Eugen Clausen, the present Dansk Underholdning Chief Executive, will retain their post after the deal is closed.

The Danish gaming operator created income of around €4 million during 2016, up 27% from the results reported for the calendar year that is previous.

As mentioned above, Mr Green Ltd. will act as a buyer within the deal. The Malta-based and licensed company is subsidiary of the bigger Swedish gambling group Mr Green & Co. The operator has previously noticed that it might be concentrating on expansion in different regulated jurisdictions. Aside from its Maltese gaming permit, Mr Green also holds licenses through the Italian and UK gambling authorities.

The acquisition deal, although smaller in scale, is among the very first, if you don’t 1st, become place that is taking operator degree this present year. It is believed that the industry is poised to help expand consolidation in 2017, driven by regulatory changes in key European markets, challenging overall landscape, and growing competition.

The transaction will allow Mr Green to enter a comparatively young but well-developing iGaming market. On line gambling operations created income of DKK2.82 billion during the very first three quarters of 2016, up more than 15% from the prior-year nine months. The Danish market’s development in recent years and its own good leads to make as a extremely profitable you’ve got put it high on Mr Green’s priorities list, as CEO Per Norman revealed.

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