NetEnt Edging Closer to Acquiring British Columbia License

Publish: 27.04.2017

Online casino provider NetEnt is one of gambling industry leaders who is constantly pushing boundaries with innovative products.

Virtual Reality Slot Makers

Founded in 1996, NetEnt has always been at the industry’s forefront and paving the path for others to follow. The biggest testament to such a bold claim is definitely the information that NetEnt will be releasing first-ever virtual reality slot. First announced at ICE Totally Gaming 2016, the real-money Virtual Reality slot game Jack and the Beanstalk is opening a growing trend for the Swedish company.

Next in line is NetEnt’s highly popular Gonzo’s Quest slot game which will be added to company’s current multi-channel offering in 2017/18, when Virtual Reality gaming is expected to achieve its big break.

“We actually have slots that we will launch later on this year or beginning of next year. Depending on the technology. Because we are ahead of the technology when it comes to developing this. It will be real money slots,” NetEnt CEO Per Eriksson said.

Welcome to Canada

In the meantime, NetEnt are focusing on current business affairs which yielded an impressive record for the first three months of 2017. NetEnt’s revenues rose 15.2% to $44.2 million, whereas the company gained operative profit increased by 6.3% in relation to last year.

One of the short-term aims for the Swedish company is the expansion of its North American presence.

NetEnt announced plans to make advances into the North American market last October when the company applied for a license to supply gaming content to the British Columbia Lottery Corporation’s PlayNow.com site.

Big news came last week when NetEnt CEO Per Eriksson revealed that he expected NetEnt to receive its BCLC license ‘within few months’.