Effective January 13, 2009 Net Entertainment NE AB will be listed on the NASDAQ OMX Stockholm after it was announced that the company had received approval from the Stockholm Stock Exchange listing committee.

According to a release on Net Entertainment's website:

The listing means that the trading in B-shares is moved from the marketplace NGM Equity to NASDAQ OMX Stockholm. First day of trading is January 13th 2009. The listing of Net Entertainments B-share on NGM Equity thereby ceases and last day of trading on NGM Equity is on January 12th 2009. The Company’s shareholders do not have to take any action in connection with the listing on NASDAQ OMX Stockholm. No issue of new shares is taking place in connection with the listing on NASDAQ OMX Stockholm. The share will be traded under the same short name as before; NET B, ISIN-code SE00 0108 9252.

"Net Entertainment has during the last five years showed a strong growth rate and rising profitability," said Net Entertainment president and CEO Johan Öhman.

"The listing on NASDAQ OMX Stockholm constitutes a quality stamp and is implemented to further improve the brand and Net Entertainments position among customers, coworkers, investors and media as well as improve the possibility to use the share as payment in connection with potential acquisitions."

According to financial forecasts, the European online gambling market is expected to see average growth of around 20 percent over the next few years and Net Entertainment says it wants to see "sustainable operating margin" growing by over 30 percent in that time.