NetEnt Enters Pennsylvania via Penn National Gaming Deal

NetEnt Americas, LLC, division of the leading provider of digital casino solutions NetEnt, has inked a supply deal with Penn Online Entertainment, a subsidiary of Penn National Gaming’s Penn Interactive Ventures.

Under the terms of the agreement, NetEnt will distribute its titles to the newly-regulated Pennsylvania casino market.

Next Milestone: US Expansion

Managing Director of NetEnt Americas LLC, Erik Nyman, has said of the deal:

“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.”

Managing Director of Penn Interactive Ventures and Sr. Vice President of Penn National Gaming, says they are “pleased to offer NetEnt’s portfolio of online games to our HollywoodCasino.com customers”, adding that they are looking forward to “partnering with NetEnt to launch online gaming in Pennsylvania.”

Bigger than Ever

NetEnt published its Q3 2018 report only yesterday, with the results showing the company has never been stronger. 9 new customer agreements have been signed, and 14 new customers’ casinos launched.

In the words of the developer’s CEO, Therese Hillman:

“The third quarter was marked by a strong start thanks to the successful release of the game Jumanji. We continue to make efforts to lower overhead costs and to optimize the organization for commercial drive and increased pace of output, and I see room for improvement next year in several areas. Our net cash position provides us with financial flexibility and allows for continued solid cash returns to shareholders.”

About Penn National Gaming

Penn National is driven by the mission of becoming a “profitable and respected leader in the gaming and racing industries, and as a valued partner in our communities and a role model for ethical business standards.”

The business owns, operates, and/or has ownership interests in gaming and racing facilities and video gaming terminal operations, with their main focus being slot machine entertainment. Penn operates ca. 49,400 gaming machines, 1,200 table games and 8,800 hotel rooms. Social online gaming is provided through company’s Penn Interactive Ventures division.

Concluding with October 2018, Penn operates 40 facilities in 18 jurisdictions, including New Jersey, Mississippi, Missouri, Colorado, Florida, Illinois, Nevada, New Mexico, Pennsylvania, Texas, Maine, Massachusetts, Indiana, Iowa, Kansas, Louisiana, Ohio, and West Virginia.

Penn Interactive Ventures, LLC is active in the iGaming industry. The division was incorporated in 2015; its headquarters are in Wyomissing, Pennsylvania.

About NetEnt

Founded in 1996, over the years, the provider has pioneered market progress by developing and supplying thrilling games powered by a cutting-edge platform. Committed to helping their customers always stay ahead of the competition, NetEnt has grown to become one of the household names of the iGaming industry. The business employs 900 people in Stockholm, Malta, Kyiv, Gothenburg, and Gibraltar.

NetEnt Americas, LLC is a US subsidiary of NetEnt’s and a leader in digital entertainment, like its Swedish counterpart. The division provides premium gaming solutions to the best online casino operators worldwide.

Source:

“NetEnt signs first deal with Penn National Gaming for online gaming in Pennsylvania”, netent.com, October 25, 2018.