Net Entertainment has signed a license agreement with Italy’s largest remote
gaming service provider Microgame for the delivery of CasinoModule™. Under the
terms of the agreement Net Entertainment will be the strategic casino provider
of choice to Microgame. The agreement further solidifies Net Entertainments
position within the online market and is a major breakthrough as it gives
access to the vast Italian gaming market which is in the process of becoming
Founded in 1996, Microgame is Italy’s largest independent remote gaming service
provider. Microgames market share in poker and sports betting is 25% and 28%
respectively and the company manages well over 1,300.000 game accounts on
behalf of its Italian authorized customers. During 2008 Microgames customers
generated over 490 million Euros of gross gaming revenues while the revenues of
Microgame itself exceeded 85 million Euros.
The Net Entertainment CasinoModule™ gives Microgame access to an extensive
range of market leading casino content to complement its existing product
portfolio. Fabrizio D’Aloia, CEO of Microgame says; “we are very happy to join
Net Entertainment to our exciting gaming project for the new emerging Italian
casino games market. The worldwide recognized Net Entertainment’s expertise in
the casino games development and marketing will be strategic for Microgame to
maintain the leadership on the Italian online gaming market”.
Italy is the first country in Europe to regulate the domestic online gaming
market through licensing and the development is monitored with interest by
several European countries. Microgame is a gaming service provider authorized
by the Autonomous Administration of State Monopolies (AAMS).
“Gambling is huge in Italy expected to generate a Gross Gaming Yield exceeding
17 Billion Euro in 2009 making it the countries third largest industry. In
light of this it is obviously extra encouraging that one of the dominant
incumbents selects Net Entertainment as their strategic casino partner thereby
giving us a substantial footprint in a totally new market.” says Johan Öhman,
CEO of Net Entertainment.
For more information please contact;
Johan Öhman, CEO Net Entertainment; Phone +46 70 486 77 15 or +46 8 5785 4500
Net Entertainment is a premium supplier of digitally distributed gaming systems
used by some of the world’s most successful online gaming operators. The core
product, CasinoModule™, is a complete gaming platform comprising high quality
games and a powerful admin tool. Operators are provided a customized solution
that is easily integrated ensuring short time to market and a cost efficient
operation. Net Entertainment is listed on NASDAQ OMX Stockholm (NET-B). More
information about Net Entertainment is available on www.netent.com.