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Nektan Q2 Trading Update – Record Quarterly Revenues Combining B2C and B2B Divisions

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Nektan plc (AIM: NKTN), the fast growing international gaming technology platform and services provider, is pleased to announce another record quarter for the second three months of the financial year ending 30 June 2019 (Q2 FY19).

The figures stated below are all unaudited.

Group Total (B2C & B2B, excluding US)

Q2 FY19 Q1 FY19** Change Q2 FY18** Change
Total Gaming Revenue* £8.6m £6.7m 28.4% £4.7m 83.0%
Cash Wagering £222.5m £182.4m 22.0% £127.8m 74.1%

*NGR from B2C and GGR from B2B
**adjusted using new GGR

Highlights

  • KPIs Update:
    • Total Gaming Revenue increased 28.4% to £8.6m in Q2 FY19, up from £6.7m in Q1 FY19 (up 83% on Q2 FY18).
    • In Q2 FY19 Nektan’s technology generated over £222.5m in Cash Wagers, up from £182.4m in Q1 FY19, representing an increase of £40.1m (22% growth).
    • Growth driven by a significant increase in the number of unique players on the B2B platform, helped by 4 new partners going live.
    • Premium gaming content added across both B2C and B2B divisions.
    • Additional partners signed up across both B2C and B2B divisions, including BetVictor in B2B.

 

  • EBITDA break-even on track:
    • Growth trajectory should result in European EBITDA break-even by the end of FY19 (30 June 2019).
  • Board:
    • Lucy Buckley joined as Chief Executive Officer on 3 December 2018.

Excluding the Company’s US division, the combination of both its B2C and B2B divisions has seen this latest quarter deliver stronger than expected growth, leading to record quarterly revenues. The higher margin B2B division has been a particular standout with significant increases in commercial partnerships, player numbers and cash wagering, with the highlight being Nektan’s new partnership with global tier-one online gaming company, BetVictor.

As a result of the new revenues from the emerging B2B division, the quarterly trading updates will now report the Total Gaming Revenue which includes the industry standard Net Gaming Revenue (NGR) from B2C and, due to the global nature of the B2B business, the Gross Gaming Revenue (GGR) from B2B.

Nektan aggregates and delivers premium casino content from the industry’s leading game providers which, using its proprietary technology, it delivers as either a fully managed white label casino solution to its B2C partners or as a content distributor to its B2B partners. Nektan’s white label solution is delivered via its Evolve platform, while the E-Lite platform distributes cutting-edge content. Both platforms leverage Nektan’s market leading bonusing and business intelligence tools.

B2C White Label Managed Casino Solutions Update

 

Q2 FY19 Q1 FY19 Change* Q2 FY18 Change*
Net Gaming Revenue (NGR)** £6.2m £6.4m -3.1% £4.7m 31.9%
First Time Depositors (FTDs) 36,328 38,981 -6.8% 36,907 -1.6%
Cash Wagering £168m £178.3m -5.8% £127.8m 31.5%

*calculated using underlying, non-rounded figures

  • Higher than expected player wins and bonusing led to small decline in B2C NGR.
  • Launched new white label casino partners, notably the Shipley Brothers, taking the number of managed global casino brands to a record of 145 across Europe.
  • Considerable enhancements to Nektan’s technology platform including new Content Management System tool, New Partner Request Console
  • Player and acquisition marketing now managed in-house by Nektan.
  • Swedish Gambling Licence application submitted to operate online casinos in the newly regulated market.

 

B2B Platform and Distribution Update

Q2 FY19 Q1 FY19 Change* Q2 FY18 Change*
Gross Gaming Revenue (GGR) £2.4m £0.3m 700% N/A N/A
Unique Players 77,961 4,079 1811% N/A N/A
Cash Wagering £54.5m £4.1m 1229% N/A N/A
Number of Partners Live 10 6 66.7% N/A N/A

*calculated using underlying, non-rounded figures

  • Nektan went live with 4 new operators, including BetVictor and 1xBet, taking the total number of B2B partners to 10.
  • Two new sheltering deals agreed with Habanero and Spin Games.
  • Nektan’s B2B division is benefiting from its speed of integration and breadth of premium gaming content leading to significant global sales pipeline of B2B partners.

 

Gaming Content Update

  • Nektan’s first co-developed game with Rising Entertainment, Rank Up Dragon launched in December 2018 across Nektan’s 145 B2C white label sites and will be launched across Nektan’s B2B partners in Q3 FY19. It has become a top performing game across Nektan’s B2C network.
  • More higher margin co-developed titles expected to be launched in the coming months.
  • NetEnt’s new Live Dealer product launched across Nektan’s B2C white label casinos.
  • Nektan continues to position itself as a leading distributor of market-leading casino content:
    • In Q2 FY19 Nektan signed up new game studios, including Aspect, Probability Jones and The Games Company.
    • The total number of available games increased to over 750 (700 in Q1 FY19, an increase of 7%), from a total of 27 games providers.

 

North America Update

  • Nektan’s US subsidiary, Respin LLC (Respin), continues to make commercial headway in US Class II and Class III markets for mobile ‘On Premise’ gaming:
    • Signed an agreement to launch Respin’s on premise digital gaming platform and games with another California based tribal casino, expecting to go live with real money gaming offered on mobile and smart table devices in February 2019.
    • Respin secured agreements with Leap Virtual Sports and with Grand Vision Gaming (owned by Century Gaming Technologies), the leading supplier of Keno content in North America, to offer their content via Respin’s mobile platform for Class II and Class III gaming.
    • In December 2018 Respin launched a free-to-play version of the Respin platform at a casino based in Oregon.  The platform is powering 4 smart tables and is being marketed to customers as a training tool and way to create interest for an eventual launch of the real money version of the platform.
    • Launch of tier-one casino, based in California, now due to go live in January 2019 (previously due to go live in Q2 FY19).
  • Nektan recently announced that it is in advanced discussions to sell 57.5 per cent of the issued share capital of its US subsidiary, Respin, to a third party for total consideration of £2.0 million in cash as well as the provision of £300,000 in working capital to Respin by the investing entity. If concluded, this would reduce the cash burden on the wider Group. These developments remain ongoing but are expected to be concluded before the end of Q3 FY19.

 

Lucy Buckley, Chief Executive Officer of Nektan, said:

“This record-breaking quarter for the Group has not only highlighted that we have made significant enhancements to our technology, but we are becoming a firmly established business that is on track to be profitable in our core European business by the end of this financial year ending 30 June 2019.

Looking back at this quarter and ahead, we are very excited about the size of partners we are now attracting. Our BetVictor contract win with this tier-one operator is a landmark for Nektan and we are proud to have them believe in the breadth and depth of our offering. The B2B figures continue to demonstrate the huge potential that that division has in fuelling our growth going forward.

Another significant highlight from the end of the last quarter was the announcement of potential external investment in our US business. Once completed, we believe these developments will put Nektan in its strongest and most secure position to date.”

For further information on the Group, please contact:

Nektan

Lucy Buckley, Chief Executive Officer

Gary Shaw, Executive Officer

+44 20 3463 8735
Stockdale Securities Limited (Nominated Adviser and Joint Broker)

Tom Griffiths / Ed Thomas

+44 20 7601 6100
Smaller Company Capital Limited (Joint Broker)

Rupert Williams / Jeremy Woodgate

+44 20 3651 2911
Nominis Advisory (PR Adviser)

Angus Campbell

+44 7 881 625 098

Email: [email protected]

Further information on Nektan can be found on the Group’s website at www.nektan.com.

About Nektan:

Nektan is an international B2B and white label gaming software and services provider, operating in the regulated, interactive real money gaming (RMG) space, delivering original and innovative solutions to commercial organisations that have established online audiences.

Nektan’s full end-to-end technology platform, Evolve, simplifies and supports the route to mobile and desktop gaming revenues, managing the full customer experience and back-office operations, allowing commercial partners to focus on marketing the product to their consumers.

Nektan’s US operating subsidiary, provides US land-based casinos with in-venue mobile gaming solutions which allow operators to add mobile technology and content to their existing offerings, with products accessible to players across both cabinets and mobile devices inside the casinos. Respin has a strong intellectual property portfolio including game patents for Rapid Games (on-property mobile entertainment), and other captivating concepts and brands.

Nektan is headquartered in Gibraltar, regulated by the Gibraltar Licensing Authority and the UK Gambling Commission, as well as in the Irish market and maintains sales and customer support operations in Europe and North America. The proprietary Evolve technology is developed and maintained by a talented and experienced team of employees from Nektan’s Indian office.

Nektan plc was admitted to the AIM market of the London Stock Exchange in November 2014.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Nektan Q2 Trading Update – Record Quarterly Revenues Combining B2C and B2B Divisions

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Week 38/2025 slot games releases

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Here are this weeks latest slots releases compiled by European Gaming

Fruitferno 40” went live, a new 5×4 slot from Hölle Games. It comes just a few weeks after the Dragon’s Diamonds launch, a cluster-style title with an equally hot theme! Following up to that 6×5 scatter-pays smasher, the Hölle team have taken a short detour to drop a 40-payline sequel to Fruitferno 20, for all those slot purists out there.

GAMOMAT is raising the stakes again with the release of its horror-themed Dead Legion. Set on a war-torn battlefield that’s shrouded in mist, Dead Legion unfolds within a macabre world where the dead legions have risen. An epic, dark live orchestral soundtrack intensifies the atmosphere across the 5×3 reels.

Reflex Gaming is heading deep into ancient ruins with the launch of The Cursed Idol of Montezuma Treasure Hunt, a visually stunning, Aztec-themed slot that introduces the company’s exclusive Treasure Hunt game mechanic. This 6×4, 20-payline title combines mystery, tension and progressive gameplay in a setting inspired by the legends of Montezuma.

Precision meets power in Crown Supreme Hold & Win from ICONIC21, the in-demand iGaming content provider. To take the throne, players must navigate a compact 3×3 grid and the regal Hold & Win mechanic in a slotting experience that pulses with anticipation and big win potential.

Relax Gaming, the iGaming aggregator and supplier of unique content, has launched Net Gains Dream Drop, a high-energy sequel where players can reel in massive rewards beneath the waves. Packed with coastal chaos and big catch potential, Net Gains Dream Drop offers 4,096 ways to win, three types of Mystery Symbols, Coin Collection mechanics, stacked Wilds, and more.

SlotMatrix, the world’s largest casino content aggregator, proudly announces the launch of 20 Armadillos, a thrilling new slot adventure set deep in a jungle where fortunes roll wild. 20 Armadillos is a 5-reel, 4-row slot with 20 lines, medium-high volatility and RTP options of 94.16% and 96.96%. With a maximum multiplier of 30,000x and a responsive, mobile-first design, the game blends rich visuals with high win potential.

Amusnet has released its latest video slot, Roman Coins – a game that captures the magnificence of the Roman Empire and brings it to life on the reels. It is Amusnet’s first-ever 3-pot video slot. With a 5-reel layout and 25 fixed paylines, Roman Coins strikes a perfect balance between classic slot structure and innovative mechanics.

Play’n GO throws the switch on Lab of Madness It’s a Wild!, a gothic comic-inspired slot that surges with strange science and surprise. Players join the unconventional Dr Frankenstein as she attempts to jolt her patchwork Monster to life in a lab where every pull of the lever sparks new possibilities.

Playson, the accomplished digital entertainment supplier, ups the ante in its latest Irish folklore release, Golden Penny x1000, with a rare 6×5 reelset, x20,000 max win and a bountiful Free Spins Bonus. In an enchanted twist to base play, the colourful game field comes alive with collapsing symbols. Eight matching symbols form a winning combination, with the total of the symbols forming the win value.

Evoplay, the award-winning game development studio, has launched Lunar Wilds, an atmospheric slot that combines mystical forest visuals with powerful features and big win potential. Set beneath a silver moon, the game transports players deep into an enchanted wilderness, where packs of wolves roam under the night sky.

The God of the Sea unleashes lavish gameplay in Blueprint Gaming’s latest offering, Rise of Atlantis Legacy, with the highly anticipated title introducing a new Gates of Atlantis bonus game, boosting the chance of significant cascading returns. Boasting the ability to appear on any of the six reels, Rising Multipliers offer enriched payouts if featured in a winning combination, which are added at the end of a successful cascade.

Stakelogic is setting sail into uncharted waters with its latest slot release, Kraken’s Catch, a feature-packed, high-volatility slot where monstrous multipliers and a mysterious sea creature lie beneath the surface. This 5×3 slot with 15 win lines invites players on a nautical adventure where every spin can uncover treasures from the deep.

 

The post Week 38/2025 slot games releases appeared first on European Gaming Industry News.

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KSA Issues New Duty of Care Guidance for Gaming Arcades and Casinos

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The Netherlands Gambling Authority (KSA) has issued new guidance for gaming arcades and casinos to improve the implementation of their duty of care. The KSA previously visited gaming arcades across the country. These visits revealed that while most arcades are paying attention to their duty of care, implementation could be improved in some areas. The guidance the KSA is now sharing with license holders contains practical tools and explanations, but no new rules.

Duty of care of arcades

With the implementation of the Gambling Act (Wet Koa), the duty of care for gaming arcades has been further expanded. This means they are obligated to prevent and mitigate gambling addiction as much as possible. Since then, gaming arcades have taken steps to comply with this requirement. However, in practice, the stated good intentions and the relevant policy are not always sufficiently aligned. The KSA has discussed this with various parties within the sector. Based on the input from these discussions, the new guidance has been developed.

Guidance

The guidance for arcades includes resources that providers can use to properly fulfill their duty of care and better inform their employees. The guide provides explanations and examples of what arcades must do and what the KSA expects of them. It also includes an overview of frequently asked questions. In addition to the guidance, a poster and an animation have been developed to raise awareness among arcade employees about the duty of care.

Along with the duty of care guidance, arcades also received a Guideline for Identity and Cruks Verification. The KSA regularly receives questions from the sector about the Cruks exclusion register. This guideline addresses the operation of Cruks and the most common questions and problems.

KSA chairman Michel Groothuizen said: “Certain key factors of the duty of care are easier to monitor for online providers than in brick-and-mortar casinos. In our conversations with arcade owners, we’ve noticed that they want to do more with the duty of care, but sometimes still struggle with its proper implementation. With this new guidance, supplemented with informational materials for employees, we’re giving them new tools to do so. In this way, we’re working together to ensure that players are optimally protected even at brick-and-mortar providers.”

The post KSA Issues New Duty of Care Guidance for Gaming Arcades and Casinos appeared first on European Gaming Industry News.

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QuinnBet Expand Ospreys Partnership

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The Ospreys announced that official betting partner, QuinnBet, had expanded their partnership with the Ospreys. The partnership will see QuinnBet take a place on the Ospreys shorts of all three of the team’s kits this season.

The new, multi-year partnership will see the QuinnBet logo take a prominent placement on the back of all three playing shorts.

With the Ospreys competing in front of multi-continental audiences in both the BKT URC and EPCR Challenge Cup this season, QuinnBet’s brand is set to reap the benefits.

Launched in 2017, QuinnBet, regulated by the UK Gambling Commission, and in Ireland by The Gambling Regulatory Authority of Ireland, has firmly established themselves in the iGaming industry by providing a socially responsible service. With an emphasis on giving more back through unique promotions and excellent customer care, QuinnBet has become a trusted name in the industry.

Head of Commercial for the Ospreys, Richard Lancaster, said: “We’re delighted that QuinnBet have decided to expand their partnership with the Ospreys. We have already built a successful relationship, and we’re looking forward to building on that even further in the coming seasons.

“Working with QuinnBet has already been hugely beneficial for us in education around Safer Gambling awareness, and we’re already planning on how to improve on this even further as we look ahead to the future.”

Niall McPartland, Head of Commercial and Sponsorship at QuinnBet, added: “We are delighted to enter this significant three-year partnership with Ospreys Rugby.

“The partnership builds on our inaugural 24/25 season sponsorship of The Ospreys, and the extension until 2028 demonstrates the success of the partnership to date and the huge regard we have for the club.

“Ospreys are one of the dominant forces in Welsh rugby, producing numerous players who have gone on to represent Wales and The Lions internationally. We are therefore privileged that our association with the club, will showcase QuinnBet at the highest level to Rugby supporters across the UK, Ireland and internationally.

“We commit to utilising the partnership to promote our brand in conjunction with Safer Gambling, which is integral to our business and which Ospreys Rugby is fully supportive of. We would like to wish everyone at the club the very best for the season ahead.”

The post QuinnBet Expand Ospreys Partnership appeared first on European Gaming Industry News.

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