The digital gaming company, NetEnt, has moved into yet another regulated gaming market. NetEnt was granted Spanish gaming licenses, which will allow the company to offer its products in the Spanish market. This move is in line with NetEnt's policy to expand into regulated gaming markets around the world.
Spanish Gaming License
NetEnt announced that it had received permission to operate in Spain. The company was granted Spanish gaming licenses by the Directorate General for the Regulation of Gambling, or the DGOJ.
After having gone through the thorough scrutiny of the Directorate General for the Regulation of Gambling, the Spanish authority made the decision to allow NetEnt into its gaming market. NetEnt was granted the license after it was ascertained that the company met all the requirements as laid out by Spanish gambling laws.
Companies what wish to acquire Spanish licenses will find that the licensing application procedure can take some time while the gaming authorities look into the background of the company that has requested a license. Should the company fulfill all the necessary requirements and conditions as laid out by the Directorate General for Regulation of Gambling, it will be granted a license.
The President and Chief Executive Officer of NetEnt, Per Eriksson, commented on the new license: "This is an important step for NetEnt and a fine example of our ability to deliver on our growth strategy to expand on regulated markets. We are very pleased to have been approved for Spanish licenses by the DGOJ. Spain is a promising online gaming market with great opportunities for NetEnt."
NetEnt AB (publ) is one of the leading gaming software solution providers worldwide. The company creates top quality gaming solutions for operators. NetEnt provides both front end and back office solutions. The company offers regular game releases for both its desktop option and for mobile devices via NetEnt Touch.
NetEnt began operations in 1996, and has shown good growth since this time. NetEnt strives to keep its customers ahead of the competition, which can be difficult to do in the highly competitive and fast-moving gaming market. In order to keep on top, the company provides cutting-edge software to operate exciting and feature-filled games. NetEnt is based in Stockholm, and is listed on the NASDAQ OMX Stockholm (NET-B). The company has offices in Stockholm, Kiev, Gothenburg, Malta, and Gibraltar, where it employs more than 600 people.