A Look at the Development and History of Quickspin
This top quality casino game developer is based in Sweden. The company is headquartered in the Swedish capital of Stockholm, with a further design studio based on the Mediterranean island of Malta.
Founded in 2011, Quickspin really are beginning to make a name for themselves within the industry, as well as among players eager for new games to play. The company’s focus is purely on slots, and it aims to release at least ten new titles every year. At the time of writing, there are over thirty great games in this outfit’s portfolio, all with first rate colourful graphics and some excellent and innovative features.
Many of the industry’s most popular genres are covered Mayana covers the Central American theme, while Leprechaun Hills is a good choice for players preferring “luck of the Irish” styled games. Jewel Blast has shiny gemstones covered, while Dragon Shrine is a unique kind of Jewel / Chinese theme mash-up. Of course, there just has to be an Egyptian themed game, and Pharaonic characters feature strongly in the Phoenix Sun slot. Every game seems to include some kind of exciting and imaginative feature, with random re-spins, expanding wilds, shape-shifting reels, right to left pay outs and any way wins all featuring in this company’s repertoire.
Quickspin concentrates on the European market and is expanding its influence throughout the continent. It is already strong throughout the United Kingdom, Scandinavian and northern continental market, but is also looking further afield. In December 2017 it introduced itself to Romanian players with its link up with NetBet.
So impressive has the company’s progress been that it caught the eye of the rival gaming software company Playtech. With Quickspin’s rapid growth achieving total revenues of around €6 million by the end of 2015, this London Stock Exchange listed giant liked what it saw. Playtech is one of the biggest names in the industry, with over 5,000 employees working in thirteen different countries across the globe. Nevertheless, it decided it needed more, and proceeded to snap up the Swedish designers in May 2016. The deal is incentive based: an initial payment of €24 million was made, with further payments dependent on the Scandinavian company’s future growth. A maximum of a further €26 million is payable, linked to company performance over the succeeding two years, giving a maximum total buy out cost of €50 million.
With Playtech already being one of the industry’s leading games developers, so this deal will further consolidate the company’s position. At the time of writing, Quickspin is part way through the qualifying period, and from the players’ point of view, it seems to have retained its independence and distinctive flair. This is not always the case, as many a smaller start-up has found itself engulfed, swallowed up by its larger parent. This is always unfortunate, as the innovation and imagination which attracted the big fish to swallow the minnow is lost in the process.
Thankfully, this does not seem to be the case with this Swedish slot developer. Although its continued success will produce the bitter sweet result that its parent Playtech may well end up forking out the maximum €50 million fee for its creative upstart.