The year 2008 is a profitable year for Net Entertainment. The online casino software provider has launched successfully its CasinoModule to gambling companies and boutique betting all over Europe. NetEnt launched the CasinoModule software early in the year and it was launched with only one licensee, but it has recently been announced a number of new product licensees. Besides 2 new CasinoModule licensees that are planning to launch internet casinos and betting sites in the third quarter of 2008, NordicBet renewed its licensing deal with Net Entertainment.

In the third quarter some new sites are planning to be launch into the European online casinos market. Betbull and William Hill anticipate going live as do the two new sites powered by CasinoModule. Two new licensing deals of NetEnt are Starpriceonline,the Austrian sportsbetting site together with Intragame, a new brand in the internet gambling industry. These two sites will exclusively provide the CasinoModule gaming platform that guarantees tracking ease and high-quality backend navigation, together with regular new game releases for those who like playing online.

With respect to the announcement of NordicBet, Lars Söderlund, the Business Development Director at the online gambling company reported concerning their renewal of the license that NetEnt provides not only high-end entertainment but also regular games releases. The online gambling industry is very competitive and quality software is a necessity to be a success.

With these two online casinos launching and the continual deal with NordicBet, Net Entertainment holds a beneficial position for the current fiscal year.