Swedish casino games developer NetEnt has reported a 15 per cent increase in revenue to SEK398m (€41.4m) for the first quarter of 2017, with the company securing a record number of new customer agreements during the period.

Despite a strong comparable period last year, the company processed 9.8bn gaming transactions during Q1, an increase of 11 per cent. Revenue fell quarter-on-quarter for the first time however since Q2 2013.

"We continued to deliver on our growth strategy in the first quarter and revenues increased in line with our earlier comments about the quarter," said president and CEO Per Eriksson. "For the first time, NetEnt's games were launched on the regulated market in Mexico and the company announced that the first game for Virtual Reality (VR) will be developed in 2017."

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