Net Entertainment sells casino games to Russian bookmaker Fonbet

Wednesday, November 05, 2003
STOCKHOLM, SWEDEN

Net Entertainment, a leading provider of non-download Internet casino software has signed an agreement with the Russian bookmaker Fonbet for the implementation of Internet casino games at www.fonbet.com.
Net Entertainment's Casino Module product has been specifically designed to enable a multilingual online sports book to easily add casino games to their service. Since the games are an integrated part of the online service and no download is necessary, the sports book's customers can begin to play the new casino games immediately.
- "The Casino Module has a higher conversion rate than competing products which gives our partners an edge vs. their competitors.", says Pontus Lindwall, CEO of Net Entertainment.
Fonbet Corporation started in 1994 and is by now one of the largest sports books in Russia and the former Soviet Union. Fonbet owns more than 50 shops in the Moscow area and has a cooperation with another 40 shops. The Internet service Fonbet.com started in 1997 and has attracted players from many different countries.
Alexey Khobot, CEO of Fonbet Corporation says:
- "We hope that our cooperation with Net Entertainment will be profitable for both parties. At Fonbet we are very conservative in our selection of partners, which is why we chose Net Entertainment, who have a thorough and documented experience of casino gaming. With the Casino Module we will be able to offer an enhanced gaming experience to our customers."
- "The order is a breakthrough on two markets; We now have our first customer who comes from the land based industry. Secondly, we have created a foothold in Russia, a market with great potential." Pontus Lindwall finishes.
Net Entertainment is one of the worlds leading suppliers of digital platform independent gambling solutions. Our solutions include customized or standard software, integrated payment solutions, operations and hosting.

Net Entertainment is the Internet gaming division of Cherry, a company with more than forty years of experience from the gaming service sector. Cherry is listed on the Swedish Stock Exchange (CHER-B) and employs over 600 people.

www.casinomodule.com

www.fonbet.com

For further information, please contact:
Pontus Lindwall
CEO Net Entertainment
 Tel +46 708 27 51 55
pontus.lindwall@netentertainment.com