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Net Entertainment Signs Agreement with Admiral Sportwetten

Net Entertainment Signs Agreement with Admiral Sportwetten

Thursday 24th June 2004

Thursday, June 24, 2004

STOCKHOLM, SWEDEN

Net Entertainment, the leading provider of no-download Internet casino software has signed an agreement to deliver casino games to Admiral Sportwetten AG (www.admiral.ag, www.admiralbet.com). Admiral is one of the largest sports betting firms in Austria and is listed on the Vienna Stock Exchange. As a member of the Novomatic Group, Admiral is offering sports betting services on the Internet as well as through land based betting shops. Novomatic AG is a world leading provider of equipment and software for the gaming and leisure industry and operates a number of land based casinos.

Pontus Lindwall, CEO of Net Entertainment says: 'The contract with Admiral is further acknowledgement that we are well positioned and that we have a market leading solution. Admiral is an important actor in the market and we are convinced that this will be a successful long term business relationship. The deal also marks an important move into the Austrian market which is a modern regulated European marketplace.'

Josef Schöpf, CFO Admiral Sportwetten AG continues: 'We have for a long time been looking to extend our Internet services with casino games and Net Entertainment provides us with a solution which enables us to address not only the Internet market but possibly also the land based operations through kiosk terminals. We place very high requirements on e.g. real time information and extensive reporting functionality and the software from Net Entertainment fulfills all of these. We have conducted extensive system evaluations and the Net Entertainment 'Casino Module' stands out in a class by itself.'

Net Entertainment is the Internet gaming division of Cherry, a company with more than forty years of experience from the gaming service sector. Cherry is listed on the Swedish Stock Exchange (CHER B) and employs over 1 000 people world wide.

For further information, please contact:

Pontus Lindwall, CEO Net Entertainment, tel +46 708 27 51 55, pontus.lindwall@netentertainment.com

www.netentertainment.com




Source: OnlineCasinoNews