A leading gambling software developer Net Entertainment recently announced that the company’s switch from the small-scale Nordic Growth Market over to the Nasdaq OMX Stockholm. This switch has been approved by the Stockholm Stock Exchange listing committee. Net Entertainment, the company responsible for the CasinoModule online casino solution let the public know last October that they were going to be making a move to the larger market. Just last week the situation was updated with the news that the new marketplace would start up on the 13^th of January in 2009.

Officials from the company finally decided to take the jump to be in the same pool with the bigger players because over the past five years the firm has experienced a huge growth rate and a substantial increase in profitability. The listing on the Nasdaq OMX Stockholm signifies a high reputation for quality that is supposed to help build up the brand name and the company’s position in terms of its relationship with co-workers, customers, investors and the media. This latest move will also expand the firm’s chances to use the share as payment in accordance with potential future acquisitions.

The company making the shift, Net Entertainment, has indicated that current shareholders would not have to worry at all about responding or adapting to the new development with the future listing on Nasdaq OMX Stockholm. Furthermore, they will not be releasing any more shares. The shares of Net Entertainment will continue to be traded under the abbreviated name that has been used in the past – Net B.

Tags: net entertainment, Online Casino

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