iGaming Business – Online casino games provider Net Entertainment has cited the effect of earlier investments as the reason behind year-on-year revenue increase to record levels in the 12 months through to December 31, 2013. The firm posted record full-year revenue of SEK630.7 million (€71.6 million/$97.9 million), a 19.8% increase on the SEK536.7 million achieved in the previous year. Operating profit for the year grew from SEK153.1 million in 2012 to SEK179.7 million in 2013, while profit after tax amounted to SEK167.1 million, up from SEK136.1 million in the previous year. Net Entertainment signed a total of 27 licence agreements…

iGaming Business – Online casino game provider Net Entertainment has agreed a deal to supply a range of desktop and mobile titles to UK bookmaker William Hill. Under the agreement, William Hill will now distribute the titles over its online casino network. The partnership will cover gaming distribution for all devices. “Both parties are now working very close together to secure a successful integration and planning for commercial launch and we are convinced that our games will be well received by William Hill’s player base,” managing director of Net Entertainment Malta Limited, Björn Krantz, said. James Curwen, director of gaming…

iGaming Business – Net Entertainment has vowed to take its battle with Swedish Tax Agency to the country’s Administrative Court after the authority rejected an appeal by the digital gaming supplier. In May, Net Entertainment launched an appeal after the regulator imposed additional taxes of SEK92.1 million (€10.6 million/$14 million) on the company following an audit of its operations from 2007 to 2010. The authority has now rejected the appeal, but Net Entertainment has pledged to fight on. “The Swedish Tax Agency stated in its decision that the transfer pricing that had been applied between the Swedish based parent company…

From iGaming Business Online gambling software developer Net Entertainment AB has signed a license agreement that will see its casino games made available to Italian operator Lottomatica Scommesse Srl via the Lottomatica.it and Totosi.it domains. Stockholm-based Net Entertainment stated that the deal will see it deliver ‘a wide range of casino games’ to Lottomatica for use in its regulated Italian online businesses. Lottomatica Scommesse is a subsidiary of GTECH SpA and a member of the World Lottery Association (WLA). Widely considered to be a market leader in the Italian gaming industry and one of the largest lottery operators in the…