Another deal for NetEnt

The Swedish Internet gambling software provider Net Entertainment has signed up another Nordic client in the form of Ålands Penningautomatförening (Paf). The operator is one of the biggest operators in the Black Sea region of Europe and has agreed to a four year association with NetEnt based on its popular CasinoModule online casino system.

“We are delighted to have reached an agreement with such a prominent and established operator as Paf," said Johan Öhman, CEO at Net Entertainment. "The agreement further solidifies Net Entertainment's position as a leading gaming software supplier and is a major milestone for our continued growth.

"The countries around the Baltic Sea is a large and important market for online gaming, yet [it is] controlled by a handful of operators where Paf is one of the largest.”

Under the terms of the agreement, Net Entertainment will provide Paf with both its download and browser based version of CasinoModule. A full suite of casino games coupled with an administration tool will allow Paf to effectively manage and maximise the potential of its online casino operations.

Founded in 1967, Ålands Penningautomatförening is a gaming entertainment operator licensed by the Åland government. The firm develops and operates gaming both online and offline in selected markets. Paf's online operation was launched in 1999 and has today well over 500 000 registered players. In 2007, the online operation generated a gross gaming yield of Euro 66 million.

“We have made an important and strategic decision in choosing Net Entertainment as partner for our online casino operation in order to succeed with our internationalisation ambitions," Lars Porko, CEO at Paf said. "After extensive review of available options I am very confident that we will gain the competitive edge needed to further strengthen our position in existing markets as well as succeeding with extending our operation throughout Europe."

Both parties to the agreement have set the second quarter of 2009 for the launch date of the new venue, which has yet to be branded.

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