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NetEnt have sacked their CEO due to the poor performance of the company. The CFO has currently taken over the role: Outdated URL (Invalid)
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They need to sack their creative team as well for their truly awful recent releases. When I say recent, more like the past 2 years....
Outdated URL (Invalid)< NetEnt have sacked their CEO due to the poor performance of the company. The CFO has currently taken over the role.
Have they gone further downhill since 2014? I remember me and dunover were routinely giving them a kicking over 'NetEnt variance' even back then.
That said they were still knocking out some decent slots at the time, the original Twin Spin I had something of a soft spot for.
Well, they lost all their good people to:
QuickSpin
April fools day isn't until Sunday buddy!

The people at QuickSpin are great... since the sale to PlayTech i've not been as impressed with some of their content, but you can't please everyone all of the time.
But i won't hear a word said against the people - always been very friendly to me when i worked with them![]()

Have they gone further downhill since 2014? I remember me and dunover were routinely giving them a kicking over 'NetEnt variance' even back then.
That said they were still knocking out some decent slots at the time, the original Twin Spin I had something of a soft spot for.

Fair enough.
I guess I have sort of a mini agenda when it comes to their slots (not their people) in general.
Their really poor math's models and weak pay tables have always made me think "How can they churn this out when other providers give a much better chance?" So kind of a dog with a bone situation where I cannot let it go, maybe one day....
I have since been told their slots work a lot different to most other providers in that they have 'runs' or 'streaks' a bit like the AWP's of yesteryear. (once referred to by gaming commission as "predictable enhanced periods of enrichment"
Going back to Netent, the slots where the potential is huge are and always will be IMO the winners, examples such as (pre HTML5) CFTBL, JATB, DoA etc. Obviously it was working for them as a company back then AND retaining players and casino contracts, begs one of my fave questions, "Why fix something which is not broken?"
Fair enough.
I guess I have sort of a mini agenda when it comes to their slots (not their people) in general.
Their really poor math's models and weak pay tables have always made me think "How can they churn this out when other providers give a much better chance?" So kind of a dog with a bone situation where I cannot let it go, maybe one day....
I have since been told their slots work a lot different to most other providers in that they have 'runs' or 'streaks' a bit like the AWP's of yesteryear. (once referred to by gaming commission as "predictable enhanced periods of enrichment"
Going back to Netent, the slots where the potential is huge are and always will be IMO the winners, examples such as (pre HTML5) CFTBL, JATB, DoA etc. Obviously it was working for them as a company back then AND retaining players and casino contracts, begs one of my fave questions, "Why fix something which is not broken?"

Well, they lost all their good people to:
QuickSpin
Thunderkick
Just For The Win
Genesis
Yggdrasil
etc...
And i agree - their games used to be my go-to games...
The abomination that was Twin Spin Deluxe, the awful looking Phantom of the Opera game, and the maths profiles on (nearly) all their games that are dreadful are just some of the reasons they are dropping like a stone.
NetEnt's share price has almost halved (79 > 41) in the last 12 months.

OK, here's some damning evidence of player interest in Netent - despite the upload date (21 March) my Extra Chilli review has been published publicly just for 32 hours, the Netent Hotline one for 48 hours:
View attachment 89657
View attachment 89658
Says it all.
In human terms playing a BTG slot is like having a meal in a posh hotel restaurant with a fashion model then retiring to your room for a night of great sex - playing a Netent is like swilling cheap lager at t' Legion, getting jumped on by the fat bird in the corner with a pits problem then having fish and chips on the way back to her council flat where you're praying she'll then fall asleep before the recording of Britain's Got Talent has finished so you can sneak off.

Netent had it right once with the balance of their games. They looked good, played well, and had win potential for high and low rollers alike.....
They were my favourite at one time. DOA is/was the greatest slot of all time and they definitely had their golden years during the CFTBL/ South Park era I feel. Jungle Spirit was a fluke and a sort of swansong of sorts.
The last couple of years have been dire. It's to be expected when all your creative talent jumps ship, same thing happens in the video games industry.
Not helped by their shoddy handling of licences and removal of their older games, a terrible idea.
A new CEO can make all the difference- here's hoping they turn their fortunes around and don't just run it into the ground. Despite everything, it would be a shame to see Netent go. It'd be like Sega all over again![]()

Playing BTG is akin to dining said posh model, being lured to her room for the promise of amazing bedroom shenanigans only to be jumped by her accomplice, mugged, beaten up and left in a pool of your own piss
to be fair
Playing BTG is akin to dining said posh model, being lured to her room for the promise of amazing bedroom shenanigans only to be jumped by her accomplice, mugged, beaten up and left in a pool of your own piss
to be fair
Doesn't matter what urine toBetter your own piss than somebody else's.
Netent are 'Katie Price' slots - all appearance and no substance.
Let's hope the CFO doesn't become permanent in the role, otherwise their games could get even tighter. The last thing we need is an accountant in chargeOutdated URL (Invalid)< NetEnt have sacked their CEO due to the poor performance of the company. The CFO has currently taken over the role.

Let's hope the CFO doesn't become permanent in the role, otherwise their games could get even tighter. The last thing we need is an accountant in charge![]()

I am starting to think you were being serious in that last part. I suspect there may be a half-truth in thereAs Trancemonkey said there won't be overnight changes as 12-18 months for slot development - I think the real market and business issue is as follows:
My Open Letter To Netentertainment:
Netent have market saturation; nearly every multiplatform casino offers their slots, hell even the rogue Alpha Interactives have them (if genuine). This means that new customers are proportionally far harder to come by than when they were a fledgling company offering at the time in 2012-14 very original and varied games that were on the whole decent slots. Therefore most of their growth has to be garnered from existing customer bases which means as most of them are multi-provider sites that Netent has to maintain its play percentage at those sites.
This clearly isn't occurring as those sites are adding extra developers almost daily such as Red Tiger, Pariplay, Merkur, Yggdrasil, Thunderkick, Play'n Go, Pragmatic Play, Iron Dog, Genii, Quickspin, Playson and Leander alongside the established 'big boys' already there like MG, IGT and WMS/SG. Now sorry for that long list (which I could add another 20 developers to) but it was necessary to put perspective on how hard Netent need to fight for their share of the spoils. Remember the developer gets a tiny percentage of every spin played through their slots and the casino's revenues don't necessarily rise pro-rata to the amount of games they offer. This means each individual game is fighting for an increasingly limited share of this pool.
This is where developers like BTG have made such a killing - working hard on very few games which are highly inventive and attractive to players and as I pointed out earlier I did hear officially ( I cannot name the casinos as agreed) but more than one told me at LAC that BTG were getting 15-25% of their player deposits and activity with just a select few games. This won't just affect Netent per se but the other smaller developers have far bigger scope to get into casinos where they don't yet have a presence and can grow that way - Netent cannot as they are usually there already.
So how do they retake this lost revenue? Quite simply by making depositors want to play their games, which means a huge shake-up in development. I ain't a slots developer but I have a very good idea of what they need to do from a customer/product perspective.
They need to first identify their most popular games and focus on rehashing those instead of dismal old copies/variations of the tired old 400x math model slots. Why not a South Park copy in a new graphic design? Why not a High Volatility Twin Spin or a 6-reel version capable of paying thousands x stake but with a gentle base game mechanic like Bonanza. This is where they went wrong with Jungle Spirit IMO; great feature set-up and choice and big-win potential in the base game but too many ridiculously long dead non-winning spins in the base game that absolutely rogered your balance, possibly due to the inclusion of the 'Bullshit Butterflies' that stupidly predictable random feature which is clearly responsible for the base game being so bad - get rid!
Don't be afraid to copy proven classics such as Rhino and Book Of Ra and Thunderstruck 2 - over 30 developers have a version of BoRD on my data, about 20 have a version of Buffalo/Thunderhorn and RTG and Genesis have good versions of TS2 with Asgard and Olympus respectively. Playtech, Thunderkick and Pragmatic Play have successful takes on the Rapist with Buffalo Blitz, Pink Elephants and Jurassic Giants respectively! Thunderkick used BoR as a basis for their popular Falcon Huntress. And the ultimate piss-take was obviously Play'n Go making a huge hit with a shameless copy of BoRD which even won slot of 2016 in my CM poll!
Ditch these stale old 400x glossily art-worked games and their tired near-copies and bring us some EXCITEMENT! Look at Play'n Go with 4-fugure potential in most of their new editions, or 5000x in their cascade slots. Look how they appear frequently in CM Winner Screenshots and then count how many modern Netents are in them??? Personally I remember some great Netents such as original Twin Spin, Egg-o-Matic, The Turd, DoA, Rockets, Big Bang and even Wonky Wabbits and Wild Water were popular along with Dazzle Me - what do they have in common? BIG WIN POTENTIAL, NETENT!!! Not dreadful maxima of 2-400x. You have a great interface on your slots with all the settings a player needs of game speed, autoplay, loss-limits, graphics quality etc. but at the moment it's like going to an Art Gallery and looking at a wonderful, intricately crafted and gilded frame with a fucking crap painting inside it!
So give slot reviewers like myself a reason to come back to Netent games rather than playing the original older classics when we do actually play them for real money with our deposits! I repeat, look at the screenshots and winner videos here and see how many are of recent releases, such as your Phantom Of The Opera duo - yep! bugger-all compared to other developers. Yes, some of your recent ones have showed a little initiative such as Slide And Roll (the retro-themed one) and Planet Of The Apes but these are buried under the dross. Remember Microgaming can churn out shite and to a lesser extent Playtech but they have bespoke casino contracts and exclusive platforms to guarantee their presence such as Viper or the Playtech client at casinos like Omni, as well as having all the big bookmaker casinos such as Paddy Power, Boyle, Will Hill and Ladbrokes sewn up - you Netent, do not have this luxury so you cannot get away with too much rubbish!
So I am offering my consultancy services to you. I'll meet you once in Stockholm then work with you from video-link from home, say 80 hours per month in an advisory role. 5000euros per month should cover it on a 24-month contract, but keep half back until the end which only gets paid me if your turnover has increased 15% or more in monetary terms by the end of the 2 years. If it has, you pay the 24x2500euros at termination of the 2 years, if not I get nothing.
This may sound abrupt and quite bold, but fuck-me! if I can't get you doing better than now, all hope is lost.

As Trancemonkey said there won't be overnight changes as 12-18 months for slot development - I think the real market and business issue is as follows:
My Open Letter To Netentertainment:
So I am offering my consultancy services to you. I'll meet you once in Stockholm then work with you from video-link from home, say 80 hours per month in an advisory role. 5000euros per month should cover it on a 24-month contract, but keep half back until the end which only gets paid me if your turnover has increased 15% or more in monetary terms by the end of the 2 years. If it has, you pay the 24x2500euros at termination of the 2 years, if not I get nothing.
This may sound abrupt and quite bold, but fuck-me! if I can't get you doing better than now, all hope is lost.
NetEnt won't go - but they need a new direction, and maybe they've been shackled by the CEO in terms of game design. Time will tell.
They must see the data showing them vs others in terms of game performance, and they haven't changed yet - so either a) they don't know HOW to fix it or b) they don't think there is a problem.
Since the CEO has gone, it can't be (b) - so if it's (a) then that's a much hardly problem to fix.
They should give me a job - i'd be able to fix it within 12 months (and that's only because of the time it takes to make a game!) as changes don't happen fast.

As Trancemonkey said there won't be overnight changes as 12-18 months for slot development - I think the real market and business issue is as follows:
My Open Letter To Netentertainment:
Netent have market saturation; nearly every multiplatform casino offers their slots, hell even the rogue Alpha Interactives have them (if genuine). This means that new customers are proportionally far harder to come by than when they were a fledgling company offering at the time in 2012-14 very original and varied games that were on the whole decent slots. Therefore most of their growth has to be garnered from existing customer bases which means as most of them are multi-provider sites that Netent has to maintain its play percentage at those sites.
This clearly isn't occurring as those sites are adding extra developers almost daily such as Red Tiger, Pariplay, Merkur, Yggdrasil, Thunderkick, Play'n Go, Pragmatic Play, Iron Dog, Genii, Quickspin, Playson and Leander alongside the established 'big boys' already there like MG, IGT and WMS/SG. Now sorry for that long list (which I could add another 20 developers to) but it was necessary to put perspective on how hard Netent need to fight for their share of the spoils. Remember the developer gets a tiny percentage of every spin played through their slots and the casino's revenues don't necessarily rise pro-rata to the amount of games they offer. This means each individual game is fighting for an increasingly limited share of this pool.
This is where developers like BTG have made such a killing - working hard on very few games which are highly inventive and attractive to players and as I pointed out earlier I did hear officially ( I cannot name the casinos as agreed) but more than one told me at LAC that BTG were getting 15-25% of their player deposits and activity with just a select few games. This won't just affect Netent per se but the other smaller developers have far bigger scope to get into casinos where they don't yet have a presence and can grow that way - Netent cannot as they are usually there already.
So how do they retake this lost revenue? Quite simply by making depositors want to play their games, which means a huge shake-up in development. I ain't a slots developer but I have a very good idea of what they need to do from a customer/product perspective.
They need to first identify their most popular games and focus on rehashing those instead of dismal old copies/variations of the tired old 400x math model slots. Why not a South Park copy in a new graphic design? Why not a High Volatility Twin Spin or a 6-reel version capable of paying thousands x stake but with a gentle base game mechanic like Bonanza. This is where they went wrong with Jungle Spirit IMO; great feature set-up and choice and big-win potential in the base game but too many ridiculously long dead non-winning spins in the base game that absolutely rogered your balance, possibly due to the inclusion of the 'Bullshit Butterflies' that stupidly predictable random feature which is clearly responsible for the base game being so bad - get rid!
Don't be afraid to copy proven classics such as Rhino and Book Of Ra and Thunderstruck 2 - over 30 developers have a version of BoRD on my data, about 20 have a version of Buffalo/Thunderhorn and RTG and Genesis have good versions of TS2 with Asgard and Olympus respectively. Playtech, Thunderkick and Pragmatic Play have successful takes on the Rapist with Buffalo Blitz, Pink Elephants and Jurassic Giants respectively! Thunderkick used BoR as a basis for their popular Falcon Huntress. And the ultimate piss-take was obviously Play'n Go making a huge hit with a shameless copy of BoRD which even won slot of 2016 in my CM poll!
Ditch these stale old 400x glossily art-worked games and their tired near-copies and bring us some EXCITEMENT! Look at Play'n Go with 4-fugure potential in most of their new editions, or 5000x in their cascade slots. Look how they appear frequently in CM Winner Screenshots and then count how many modern Netents are in them??? Personally I remember some great Netents such as original Twin Spin, Egg-o-Matic, The Turd, DoA, Rockets, Big Bang and even Wonky Wabbits and Wild Water were popular along with Dazzle Me - what do they have in common? BIG WIN POTENTIAL, NETENT!!! Not dreadful maxima of 2-400x. You have a great interface on your slots with all the settings a player needs of game speed, autoplay, loss-limits, graphics quality etc. but at the moment it's like going to an Art Gallery and looking at a wonderful, intricately crafted and gilded frame with a fucking crap painting inside it!
So give slot reviewers like myself a reason to come back to Netent games rather than playing the original older classics when we do actually play them for real money with our deposits! I repeat, look at the screenshots and winner videos here and see how many are of recent releases, such as your Phantom Of The Opera duo - yep! bugger-all compared to other developers. Yes, some of your recent ones have showed a little initiative such as Slide And Roll (the retro-themed one) and Planet Of The Apes but these are buried under the dross. Remember Microgaming can churn out shite and to a lesser extent Playtech but they have bespoke casino contracts and exclusive platforms to guarantee their presence such as Viper or the Playtech client at casinos like Omni, as well as having all the big bookmaker casinos such as Paddy Power, Boyle, Will Hill and Ladbrokes sewn up - you Netent, do not have this luxury so you cannot get away with too much rubbish!
So I am offering my consultancy services to you. I'll meet you once in Stockholm then work with you from video-link from home, say 80 hours per month in an advisory role. 5000euros per month should cover it on a 24-month contract, but keep half back until the end which only gets paid me if your turnover has increased 15% or more in monetary terms by the end of the 2 years. If it has, you pay the 24x2500euros at termination of the 2 years, if not I get nothing.
This may sound abrupt and quite bold, but fuck-me! if I can't get you doing better than now, all hope is lost.
Although bear in mind, if you do start working for anyone, instantly you'll find out how we don't compensate or rig anything... and then the tin-foil hatters will be after you like they are after me.5000 a month? That's cheap mate - you should be asking for a lot more than that. I would ask for 10% of the revenue increase i could get them over a 24 month period.
In fact, we should team upAlthough bear in mind, if you do start working for anyone, instantly you'll find out how we don't compensate or rig anything... and then the tin-foil hatters will be after you like they are after me.
I have to say, all joking aside, that this is a very good post. I would have to say that to some extent i disagree - but only very slightly. There doesn't HAVE to be massive potential in a game for it to be good. You don't HAVE to have the ability to win 5000x for the game to do well. Games do exist that perform well that just have damn good maths, pay out good wins often enough that the players are excited, have some potential (maybe only up to 500x) but have a really good ride.
We can’t base the Maths for every game on streamers... of course they only show the big wins. If I watch CasinoGrounds weekly round up it’s the same 10 Games every week - but they are not all blockbusters like Bonanza.
The problem NetEnt have with a lot of their games now is their maths doesn't really seem to cater to anyone any more. They don't have the really big win potential, and more importantly they don't even have reasonable win potential - the 400x seems almost impossible. As impossible as 2000x is on a BTG game. So if you play a game and you believe that the limit is 100x (and there are successful games where it's very very hard to get more than 100x) you need to deliver the good wins (50x - 100x) with a reasonable frequency. And for me, NetEnt fail at doing this too.
Couple that with some shocking decisions about licences, game designs, the awful Twin Spin Deluxe, etc.. and you can see exactly why they have got worse.
You see, as a player you'll all know it's about belief. On Bonanza there is a belief that the 1000x feature (or more) could happen to you - because you've seen and heard of it happening. You know it's rare, but it could happen. So you play it. In the same way, if there was a game that you played where you felt that it was possible to get multiple 100x wins close together, you might still play it - the outcome (1 x 1000x vs 10 x 100x) is still desirable. Yes they don't feel exactly the same, but it's still good - and games can be and are successful that work in both ways.
I think NetEnt have way too much RTP in the low, dribble wins. Certainly in the range below 5x. And you just don't need these - the days of high hit frequency, low average win games seems to be behind us for the moment.
The other thing to note is that, regardless of what BTG might say, they cannot have patented the way they are doing games like Bonanza in the EU, or in fact most countries in the world, so why don't NetEnt look at doing something along the same lines? Ok, it might take a while and maybe in 12+ months time that boat might have sailed, but there are still many other mechanics you could try with the "megaways" functionality (although you can't call it Megaways).
This may sound abrupt and quite bold, but fuck-me! if I can't get you doing better than now, all hope is lost.
. I mean something with genuine progression and variety . Slots seems so simple and basic I wonder how they take longer than a couple of hours to make ?!?I remember when Netent didn't focus on just flashy visuals and actually made good games. Their games looked 'good' but not outstanding, but they definitely had a distinct charm to them.
So a healthy mix of win potential and good presentation. Then they abandoned the former and focussed solely on graphics, which incidentally backfired due to their strange post- Dracula crayon style, probably in no small part down to most of their staff leaving.
One need only see how turgid DOA looked, yet it managed to be the greatest slot probably ever devised. That's the benchmark and focal point they need to go back to, all the while finding a way to move forward with the times and making something to rival BTG's runaway success.....
And another one goes...
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"During my two board tenures I have been part of the board of NetEnt for a total of 15 years, 11 of which as chairman,” said Carlund. “Due to personal reasons not related to the company, I have now decided to leave the board."
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