Net Gaming Europe AB (publ)

Climate Impact & Sustainability Data (2018, 2019)

Increased employee well-being and safety; offered a pleasant working environment, actively worked for a good work-life balance, advocated equal conditions for employees and job applicants, and did not tolerate discrimination.
38% of employees were women, representing 23 nationalities.

Intensified internal control work and implemented policy and risk management frameworks based on COSO’s Internal Control – Integrated Framework.

Medium-term Goals:

Legal risks associated with the online gaming industry's complex and changing regulations.
Strategic risks from new verticals and market entry barriers.
Financial risks including currency risk, liquidity risk, interest rate risk, and counterparty and credit risk.

Operations in both regulated and unregulated markets, gradual diversification of customer base and market presence.
15 years of industry experience mitigating strategic risks.
Financial risk management coordinated through the Parent Company, monitored by management and the Board.

Frameworks Used: IFRS

Third-party Assurance: Nexia International (Group), KPMG (some subsidiaries)

Net Gaming has its own “Green Team” consisting of employees who work continuously on sustainability and making sure the Company has an environmentally-friendly profile by, for example, minimising consumption of plastic products, participating in tree planting in Malta and ensuring that the Company acts in a climate smart way.

At Net Gaming, employee well-being and safety are highly valued. We offer our employees a working environment in fresh and pleasant premises and we work actively for a good work-life balance.
Net Gaming welcomes diversity and believes that a diversified workforce enriches the Company and creates a good dynamic among its employees. The Group’s 67 employees comprise about 25 nationalities and the proportion of women is 35 percent.

Net Gaming applies statutory or other regulatory rules and the Code. The Company complies with the Code’s rules apart from deviations regarding the Nomination Committee
The Board and Group management work constantly on risk management, with a focus on the most significant risks that the Group faces, which include strategic, operational, financial and legal risks.

Long-term Goals:

2019 has been a particularly challenging year for Net Gaming, with several regulatory effects in the European market that have created uncertainty for gaming operators and consequently had a negative effect on our revenues.
increasing competition in the American market
Many sporting events have been cancelled (2020)

Made a full transition of our revenue model from a majority of one-time revenue to a majority of revenue share.
Continued to strengthen our financial position by reducing our debt and interest expenses through repurchasing of our bonds.
Moulded our organisation into a more decentralised and flat structure, with clear ownership and freedom with results responsibility for our Brand Managers.
Focusing on fewer but stronger products.
Implementing cost efficiency measures in the organisation and reviews roles such as Brand Managers to create clearer control, focus and results responsibility for each individual site.
The Company follows the government’s advice in each jurisdiction and has adopted a contingency plan to minimise any disruptions to operations and to ensure the safety of both Net Gaming’s employees and partners. Employees are able to work from home and physical meetings have been replaced with virtual alternatives.