Sweden’s NetEnt has signed its first customer agreement in Pennsylvania, ahead of the launch of regulated iGaming in the state.
The agreement with Penn Online Entertainment, a subsidiary of Penn National Gaming, will see NetEnt deliver a mix of table games, video slots and jackpot games to the operator’s customers in Pennsylvania.
NetEnt is currently in the process of securing a license in the state to enable it to go live as soon as the market opens.
“This deal marks NetEnt’s first customer signing for Pennsylvania and is an important step in our growth strategy in North America,” said Erik Nyman, managing director NetEnt Americas. “I look forward to our collaboration with Penn National and believe that our entertaining online games will be much appreciated by players in Pennsylvania.”
Chris Sheffield, managing director of Penn Interactive Ventures and senior vice president of Penn National Gaming, commented: “We are pleased to offer NetEnt’s portfolio of online games to our HollywoodCasino.com customers and look forward to partnering with NetEnt to launch online gaming in Pennsylvania.”
Shares in NetEnt AB (STO:NET-B) were trading up 15.35 per cent in Stockholm Thursday morning at SEK40.08 per share following this announcement and the release of the company’s third quarter results.
Shares in Penn National Gaming Inc. (NSQ:PENN) closed in New York Wednesday down 5.57 per cent at $23.74 per share, having set a new 52-week low of $23.62 per share earlier in the day.