Swedish online gambling software provider Net Entertainment AB has signed the first licensing agreement of the year for its CasinoModule solution after agreeing terms with Finland’s Alands Penningautomatforening (PAF).
The four-year licensing agreement will see PAF launch an online presence during the second quarter of this year as part of an ongoing internationalisation strategy.
“We are delighted to have reached an agreement with such a prominent and established operator as PAF,” said Johan Ohman, Chief Executive Officer for 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 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 a downloadable and browser-based version of its CasinoModule. This will give the Finnish gaming operator a full suite of market-leading casino games alongside administration tools to effectively manage and maximise the potential of its online casino operations.
PAF was founded in 1967 and operates and develops both online and land-based gaming operations for selected markets under a license issued by the semi-autonomous Aland Islands. Its Internet operation was launched in 1999 and now has over half a million registered players generating gross gaming yields of $82.96 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 ambition,” said Lars Porko, Chief Executive Officer for PAF.
“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.”