Thursday, 25 October 2018

Slot Developer NetEnt Announces Partnership with Penn National Gaming

Popular slots developer NetEnt has announced a partnership with Penn National Gaming.

The European-based firm agreed to a distribution deal with Penn Online Entertainment, a subsidiary of Penn Interactive, to deliver its games to players based in Pennsylvania when online gambling is legalised.

Under the deal, NetEnt’s full catalogue of online table and slots games will be available on Penn Interactive Gaming’s Hollywood Casino website.

According to reports, NetEnt is currently in the process of securing a license in the state to offer the games as soon as the market opens.

Erik Nyman, the Managing Director of NetEnt Americas, said: “This deal marks NetEnt’s first customer signing for Pennsylvania and is an important step in our growth strategy in North America.

“I look forward to our collaboration with Penn National and believe that our entertaining online games will be much appreciated by players in Pennsylvania.”

Chris Sheffield, the Managing Director of Penn Interactive Ventures and the Senior Vice President of Penn National Gaming, added: “We are pleased to offer NetEnt’s portfolio of online games to our customers and look forward to partnering with NetEnt to launch online gaming in Pennsylvania.”

A Big Announcement

Meanwhile, NetEnt’s shares soared 15% this morning after they released their third-quarter results, revealing a 10% rise in revenue and an 11% increase in operating profit for the three months ending in September.

The news comes just after NetEnt began offering its games on Hard Rock’s new website in New Jersey following a partnership with Churchill Downs.

Meanwhile, NetEnt’s has continued its expansion across the US by making additional deals with Tropicana and the Borgata Hotel Casino and Spa. The firm also entered the Lithuanian gambling market this year after agreeing with betting firm TOPSport which sees NetEnt’s games being offered online.