Stockholm-listed casino games developer NetEnt has signed an agreement with Sweden’s state-owned gaming operator Svenska Spel for the provision of online games in the re-regulated gambling market.

Svenska Spel will expand into online casino gaming for the first time next year following the re-regulation of the Swedish market, which will see it lose its iGaming monopoly while gaining authorisation to offer a much broader range of online gaming options.

”NetEnt was an obvious choice when selecting an online casino supplier ahead of our re-regulated market entry on January 1st, 2019,” said Fredrik Wastenson, managing director of Svenska Spel Sport & Casino.

“We are convinced that NetEnt will deliver casino games of the highest quality and become a very important partner for us.”

Henrik Fagerlund, managing director of NetEnt Malta and chief product officer of NetEnt commented: “I am very pleased that Svenska Spel has selected NetEnt as supplier ahead of the Swedish market re-regulation. Svenska Spel is the most established gambling operator and the largest sponsor of sports in Sweden. We really look forward to a close collaboration to deliver best-in-class digital casino games to Svenska Spel’s customers.”

Shares in NetEnt AB (STO:NET-B) were trading down 0.22 per cent at SEK33.98 per share in Stockholm Wednesday morning, 4.25 per cent above their 52-week low of SEK32.60 per share set on October 11th.

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