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NetEnt Granted Permanent Casino Service Industry License in New Jersey
- February 26, 2019 By Riley Wilson -
The Swedish developer of online gaming content, NetEnt, has recently announced an important move which will see the renowned operator offer its extensive offering of games to customers in the United States.
Or New Jersey, to be more precise.
An Important Move for the Swedes
NetEnt has proudly announced that the company has been awarded a permanent Casino Service Industry Enterprise license by the state’s regulatory body New Jersey Division of Gaming Enforcement (NJDGE).
This move will help NetEnt, who has been present in the US since 2015, to further strengthen its position in the New Jersey market.
Since the company’s arrival in the United States, NetEnt has partnered with some of the biggest operators in the Garden State, including 888, Caesars, Stars, Golden Nugget, Gamesys and many others. Following this move, NetEnt can focus on expanding its operations not only within New Jersey but to other states as well.
Commenting on this, Erik Nyman, Managing Director, NetEnt Americas LLC, said the company was very pleased to obtain its first permanent online gaming license in the US, where NetEnt has been present since 2015 and has supported the regulator throughout the licensing process.
Expanding to the Other States as Well
Nyman added the license marked yet another step in the process of the US expansion as the developer hoped to enter additional states if and when they regulate an online casino.
This news arrives only a couple of days after NetEnt posted its latest financials, revealing the company recorded an 8.9% improvement in revenue, while earnings for the twelve-month period reached $194.4 million. The latest move is perfectly in line with the expansion plans announced by the firm’s Chief Executive Officer, Therese Hillman.
At the moment, the biggest problem when it comes to expanding the business in the United States is the recent opinion on the Wire Act that the DOJ announced which could end interstate gambling. Many operators are waiting to how will that issue be resolved, before they many any move. Nevertheless, NetEnt can focus on its current operations and further benefit from an increase in demand on the market.