Since the United Kingdom introduced its new gambling laws, Net Entertainment has been operating in the UK market under a temporary license. After undergoing the licensing process, Net Entertainment has now received full UK licenses.
NetEnt Software Approved in UK
While operating under a temporary gambling license in the UK, Net Entertainment has now been fully approved by the UK Gambling Commission. Although the approval has only come through now, it was expected that the gaming software provider would gain official recognition.
Those companies that have not been given approval by the UK Gambling Commission may no longer offer gaming in the UK. All gaming companies software providers and operators need to follow responsible gambling practices in order to be eligible for a UK Gambling Commission approved license. Net Entertainment has received licenses both for its software, and its operating license.
"This is a milestone for NetEnt and we are very pleased to have been approved for UK licenses by the UK Gambling Commission," said Per Eriksson, the President and Chief Executive Officer of Net Entertainment.
"Britain is the largest gaming market in Europe and is central for our growth strategy to expand on regulated markets. As a leading provider of digital gaming solutions, we want everyone who plays our games to do it for the right reason - for fun. Promoting responsible gaming is fundamental to us and a condition for the licenses we hold."
As part of its growth strategy, NetEnt will continue to expand its offerings into regulated and legalised gambling markets around the world.
About Net Entertainment
Net Entertainment is one of the world's leading digital entertainment companies. In addition to providing fully integrated gaming software, the company releases top quality games on a regular basis. Net Entertainment is an award-winning gaming company that is helping to drive the online and mobile gaming market forward with its cutting-edge software. The company strives to help its customers provide quality gaming for their players and to stay ahead of the competition.
Net Entertainment began operations based in Stockholm in 1996. Since that time, the company has grown and expanded into a number of other markets, and now has offices in Stockholm, Malta, Gibraltar, Gothenburg, and Kiev. NetEnt, Net Entertainment NE AB is publicly listed on the NASDAQ Stockholm (NET-B).