Swedish casino games developer NetEnt has entered the regulated Czech gaming market with Tipsport.

Tipsport is one of the country's leading bookmakers with a network of around 1,000 licensed betting offices and a developing online offering, which will now feature NetEnt's games.

"Tipsport, as the market leader, always prefers to work with established, trusted companies to deliver the best solutions and offer highest quality product to our customers," Tipsport online casino director Jakob Lorentzon said. "This is why we chose to partner with NetEnt."

NetEnt Malta managing director Enrico Bradamante said that the launch in the Czech Republic furthers the company's strategy of expanding into regulated markets globally.

"I am confident that our games will be well received by Czech players and that we can support Tipsport in driving online casino growth," he added.

Shares in NetEnt AB (STO:NET-B) were trading down 0.55 per cent at SEK63.75 per share in Stockholm early Tuesday.