NetEnt to Develop First Real-Money VR Slot Game

NetEnt to Develop First Real-Money VR Slot Game

Developer and provider of online casino content NetEnt is defined to endeavor deeper into virtual reality and exploit the possibilities the technology holds for the iGaming sector. The company itself made it known today it will build up and release its first real-money VR slot.

A VR form of the remarkably popular Gonzo’s Quest title comes as an element of the Swedish provider’s strategy to react to an evergrowing trend inside the worldwide gambling industry. Based on NetEnt, the WebVR technology will mature enough in 2017/2018 to support VR game-play at a basic level.

During this past year’s ICE Totally Gaming show, the Swedish designer talked about five concepts it could further consider in future and virtual reality 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 prototype of its Gonzo’s Quest VR game only at that year’s ICE Totally Gaming. One of the primary iGaming-dedicated shows become annually happening started today and will be running all the way through February 9 at succeed London.

Virtual Reality and the industry that is iGaming

Virtual truth has been a location numerous have explored and tried to achieve progress in within the past years. Therefore the biggest recent advancement in that industry came this past year once the Oculus Rift and other VR headsets were released. Sensing the prospective the VR technology holds, it is not a surprise that iGaming developers have already been showing deep interest in it.

The web gambling industry is on a constant quest for innovation which is believed that digital reality will show to be an innovation driver that is big. As VR is expected to help expand establish it self as a essential trend not just within iGaming, but in general, more players is looking a way to bask to the alternative gambling feel the technology offers.

Based on a recent report by research company Mobile & Online Gambling: Casinos, Lotteries, Betting & VR 2016-2021, the digital reality casino industry is poised to cultivate into a €500-million one by the conclusion of this period that is reviewed.

Mr Green Eyes Danish iGaming Market Entry with Dansk Underholdning Acquisition

Online gambling operator Mr Green Ltd. today announced the purchase of its Danish counterpart Dansk Underholdning. The deal represents area of the Malta-based gambling company’s strategy to expand into regulated areas.

Dansk Underholdning is licensed by the Danish Gambling Authority Spillemyndigheden and runs several iGaming brands in its domestic market. After the acquisition, Mr Green will be able to launch operations in Denmark. This might be set to occur later on in 2017. The gambling operator stated it expects the deal to impact favorably its business by realizing additional earnings and operating cash flow.

The purchase is at the mercy of approval through the neighborhood gambling regulator and it is likely to be closed in April. Mr Green is placed to spend €9 million in money for the Danish operator. An extra consideration of €650,000 can be put into the initial purchase price in April 2018 in case particular preliminary posed conditions are fulfilled.

Peter Eugen Clausen, the Dansk that is current Underholdning Executive, will retain their post after the transaction is closed.

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

As mentioned above, Mr Green Ltd. acts as a customer within the deal. The Malta-based and company that is licensed subsidiary of the bigger Swedish gambling team Mr Green & Co. The operator has formerly pointed out that it will be targeting expansion in different controlled jurisdictions. Regardless of its Maltese gaming license, Mr Green also holds licenses through the Italian and UK gambling authorities.

The purchase deal, although smaller in scale, is one of the first, if not the initial, to be taking place at operator degree this season. Its believed that the industry is poised to further consolidation in 2017, driven by regulatory changes in key European markets, challenging general landscape, and growing competition.

The transaction allows Mr Green to enter a somewhat young but well-developing iGaming market. On the web gambling operations produced revenue of DKK2.82 billion during the first three quarters of 2016, up more than 15% through the prior-year nine months. The Danish market’s development in the last few years as well as its good prospects to show in to a one that is highly lucrative place it high on Mr Green’s priorities list, as CEO Per Norman revealed.

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