Net Entertainment has signed two new contracts

Stockholm-listed Net Entertainment has signed two contracts for the delivery of its CasinoCafé product with Delta Invest Ltd in Russia and PCP Electronics Ltd in Cyprus.

The CasinoCafé product is set up in a similar fashion to an Internet café, where an operator can assemble a local casino operation using standard PCs. The solution, which NetEnt has exhibited at major shows for the last two years, comes complete with a wide range of online casino games and a powerful administration tool capable of handling cash payments and issuing one-time accounts to players. CasinoCafé merges the virtual and the physical worlds, reaping the practical rewards of both and is licensed on a royalty basis based on the revenues the product generates.

A NetEnt spokesman said that Delta Invest Ltd has extensive experience from the land based gambling industry and will roll out CasinoCafé through a network of over 500 shops in Russia.

Vjaceslavs Volkovs, a director at Delta Invest Ltd commented last week: "We are very pleased to have reached an agreement with Net Entertainment. Through CasinoCafé our customers are able to experience and access top class gambling content by the click of a button."

Cyprus-based PCP Electronics Ltd also has extensive experience in land based gambling and operates gambling halls throughout Cyprus. Its intention is to roll-out CasinoCafé in 20 shops in Cyprus over a 12 month period.

Roll-out and launch will commence during the second quarter 2009, Net Entertainment has disclosed, with the Russian operations under the Delta deal becoming one of the largest licensees of Net Entertainment if the projections meet expectations.

"I am very pleased to be able to announce these two agreements for CasinoCafé," said NetEnt CEO Johan Ohman. "One of the benefits of CasinoCafé is that it combines the cost efficiency of electronically distributed gaming with the business volumes of land based casino operations. It is estimated that well over 90 percent of all gaming is still conducted in physical environments, a market we can tap into with CasinoCafé."

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