Net Entertainment Grows Online Gambling Customer Base

Published Monday, April 08, 2013 -

Net Entertainment is listed on the Stockholm Stock Exchange and is based in Sweden since 1968.The firm is called a games developer and is a supplier of online gambling software to major operators in the industry. The 2012 annual report submitted recently has revealed some outstanding results for the company. Some of the achievements published in the annual report are remarkable. The fact that Net Entertainment was named as one of Sweden's 30 best employers for 2012 says a great deal about the firm.

Net Ent said it made a record number of gaming transactions in the 2012 fiscal year making that a 43 percent increase. With an annual growth rate of 32 percent since 2006 has translated into a 23 percent rise in revenue from the previous year. Market share in the European jurisdiction was also marked by a 27 percent increase. The growth can be attributed to it expansion of its deals with major operators. "Net Entertainment continues to reap successes and sign new important operators to its customer base." A spokesperson said.

"With an increasing number of regulations come new opportunities, and Net Entertainment intends to be in the right place at the right time if the conditions are right," the report continued. Italy has become an important customer for Net Ent as well as Paddy Power and Boyles Sport. Net Ent has also signed an agreement with 888 and with Bonza Gaming for Facebook revealing it is already on the surging edge of the social gambling trend that is evolving fast. 

Net Entertainment has received final certification for the Danish market."Net Entertainment's market and strategy entail focus on online casino games, a segment that has demonstrated solid growth and profitability," the report explained, "The company is currently one of the world's largest and most successful suppliers within this segment, counting many of the world's largest gaming operators among its customers."

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