NetEnt enjoyed what it described as “solid organic growth” during the second quarter of the year, despite underperformance in the Nordic region.
Group revenues for the second quarter of the year increased by 37 per cent to SEK573m (£49.57m). Including Red Tiger in the previous year’s figures, the group’s total revenues increased by 15 per cent compared to the same period in 2019.
Revenues from the US market accounted for 10 per cent of GGR and NetEnt’s CEO Therese Hillman is expecting more US states to introduce online casino legislation in the coming years.
“We expect to launch our games in both Michigan and West Virginia as the online casino markets in those states are expected to open in the second half of this year, which is earlier than previously expected,” Hillman said.
“During the quarter, NetEnt also continued to strengthen its regulated markets footprint by entering three regulated markets in Switzerland, Croatia and Colombia.
“Hard work and transformational steps taken in the past year are now starting to create value. We remain fully committed to continue on this path and with growth engines such as USA, Red Tiger and live casino, I feel that we are well positioned to continue delivering profitable growth and strong cash flows for the rest of this year and onwards.”
