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Nektan Q1 Trading Update – Record Quarterly Revenues

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Nektan plc (AIM: NKTN), an international gaming technology platform and services provider, is pleased to announce another record quarter for the first three months of the financial year ending 30 June 2019 (Q1 FY19).

Nektan delivers premium and compliant gaming content to gaming sites worldwide, via its proprietary technology platforms Evolve (B2C) and E-Lite (B2B). This latest quarter has delivered stronger than expected growth leading to record quarterly revenues.

The figures stated below are all unaudited.

 

Managed Gaming Solutions (Europe)

  Q1 FY19 Q4 FY18 Change* Q1 FY18 Change*
Net Gaming Revenue (NGR) £6.4m £5.7m 12.6% £3.9m 64.6%
First Time Depositors (FTDs) 38,981 43,289 -10.0% 40,148 -2.9%
Cash Wagering £178.3m £162.9m 9.4% £126.7m 40.7%

 

*calculated using underlying, non-rounded figures

 

Highlights

  • KPIs Update:
  • In Q1 FY19 Nektan delivered record NGR and Cash Wagering figures, during the summer months, traditionally a quieter time for gaming activity, especially one that included the World Cup.
  • The Group’s strong growth in NGR has continued, growing 12.6% in Q1 FY19 versus Q4 FY18 and 64.6% versus Q1 FY18.
  • The dip in FTDs during Q1 FY19 is due to an increasing focus on maximising player life time values which will improve profitability going forward for Nektan and its partners.
  • Gaming Distribution Update:
  • Nektan launched multiple new sites and is now delivering gaming content to a record number of 143 global casino brands in Q1 FY19.
  • The Group’s pipeline of additional casino brands from both existing and new UK and international partners remains strong.
  • Gaming Content Update:
  • Nektan’s platform has over 700 games (over 500 in Q4 FY18, an increase of 40%) from a total of 27 games providers, underlining the diversified nature of Nektan’s large gaming content portfolio.
  • Nektan remains on course to become EBITDA break-even in Europe by the end of FY19.

 

B2B

  • As previously reported, via the E-Lite platform, Nektan’s B2B business is seen as an area of significant growth potential and higher margin, which in the past three quarters has provided quarter-on-quarter growth of 77%, 27% with Q1 FY19 delivering revenue of £142k, growth of 35% versus £105k in Q4 FY18.
  • Nektan now has a total of 14 deals live globally compared with 12 in Q4 FY18.
  • The first global platform deal with Tyche Digital (“Tyche”) now has 14 sites live from 10 operators and has experienced double digit month on month growth in Q1 FY19, albeit off a low base.  In addition, there is a significant pipeline of further integrations expected over the coming months, where Nektan is benefiting from its speed of integration and breadth of premium content and games offering.
  • 432 games are now live on E-Lite from a total of 13 games providers.

 

North America

  • In Q1 FY19, Nektan has completed back-end integration, regulatory approval and white label customisation with a major tier-one operator for launch in-venue in Q2 FY19.
  • Metric Gaming’s full-service Race and Sports betting platform has now been integrated into the Evolve platform, giving Nektan a wider product offering in the US.
  • Using its development team based in India, Nektan has completed the development of four third-party games for launch on Nektan’s Evolve platform in both the US, through its US brand Rapid Games, and in Europe.
  • With the recent Supreme Court Professional and Amateur Sports Protection Act (“PASPA”) ruling, the Board is seeing significant interest in the US market.  The Board continues to review its options in the US, which include expressions of interest to invest directly into the US business unit, with the objective of reducing the cash burden on Nektan within the next two quarters.

 

Gary Shaw, Interim Chief Executive Officer of Nektan, said:

“Q1 FY19 has been very strong and we have seen accelerating growth momentum across all business lines.  We are on course to be EBITDA positive in Europe by the end of this financial year.  Since becoming a public company in 2014, Nektan has seen only one quarter-on-quarter decline in revenue, which was during this usually quieter period of activity in the same period last year, so we are very encouraged to see such a positive quarter and expect this success to continue.

Given the past few quarters of continual expansion in content provision and our significant build-up of global partnerships, we are now within striking distance of our ambition to be the dominant provider of premium gaming content in the industry.  We will continue to build our portfolio of content which, combined with speed of content delivery into partners’ live gaming sites globally, makes Nektan’s offering a very attractive proposition.  We are adding more cutting-edge content and channelling this not only to more partners, but bigger partners too. Nektan is live in more jurisdictions and languages than ever before and, in particular, our Asia business, is scaling substantially as our technology is applied by more partners.

We are very confident that Nektan is in an excellent position to capitalise on the solid technological foundation we have built.  Our B2B division in particular is bringing a wealth of international opportunities from tier-one partners.  In addition, our North America division is making progress and is due to go live shortly with a tier-one operator.  We are positioned to take advantage of the opening up of the sector in the United States with a pipeline of upcoming opportunities.”

 

For further information on the Group, please contact:

Nektan

Gary Shaw, Interim Chief Executive Officer

Patrick Sinclair, Chief Financial Officer

+44 20 3463 8735
   
Stockdale Securities Limited (Nominated Advisor 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

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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Betway become Official Betting Partner of the Alpine Hexagon Cup

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Betway, a leading global online betting and gaming brand, has announced today a new agreement to become the Official Betting Partner of the current edition of the Alpine Hexagon Cup 2025.

The tournament will take place from January 29 to February 2 at the Madrid Arena, with a capacity for 12,000 people, and will be broadcast in Spain through the streaming platform DAZN and RTVE.

The competition, now in its second edition, will feature eight teams led by celebrities such as Eva Longoria, Andy Murray, the Rafa Nadal Academy, Robert Lewandowski, as well as this year’s new additions Sergio ‘Kun’ Agüero and Formula 1 driver Pierre Gasly. The tournament will also include players Arturo Coello and Agustin Tapia, the number one male pairing in the ranking, as well as Ariana Sánchez and Paula Josemaría, who also hold the top spot in the women’s ranking.

Maria Meseguer, General Manager of Betway Spain, commented: “We are very excited to announce our sponsorship of the Hexagon Cup and to add padel, the fastest growing sport in the world, to our sponsorship plan.”

“With padel increasing in popularity worldwide, especially in Spain, we are happy to be part of the continuous growth of this sport through our partnership with the Hexagon Cup.”

Astrid Thams, Commercial Managing Director of the Hexagon Cup, expressed: “We are undoubtedly very pleased to announce this sponsorship agreement with Betway. It is further evidence of the tournament’s growth. Padel is increasingly a valuable asset and, in this case, they are a reference in the sector. Hopefully, it will be a partnership that allows the event to continue developing at a great pace.”

Betway is a proud sponsor of numerous international sports events held in Spain, and has a prominent global sponsorship portfolio that extends to football, cricket, and tennis. It will continue to promote responsible gambling to ensure that all its customers bet in a fair, safe, and protected environment.

 

The post Betway become Official Betting Partner of the Alpine Hexagon Cup appeared first on European Gaming Industry News.

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SG:certified extends BetComply partnership into new markets

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SG:certified, the leading centralised regulatory platform for the gambling industry, has extended its partnership with BetComply to bring ComplyCheck into new markets, including Malta, Curaçao, Ontario and Estonia.

SG:certified first partnered with BetComply last year, to power ComplyCheck, a new self-assessment / audit hybrid tool created to help licence holders navigate regulatory requirements.

The tool is currently available in the Netherlands and the UK, with SG:certified and BetComply committed to bringing it to additional markets over the coming months.

Eric Hollreiser, Advisor at SG:certified, said: “The combination of the SG:certified platform with BetComply’s regulatory expertise is a gamechanger for operators. Demand for the product continues to grow, and this extension to our partnership with BetComply will enable us to deliver it in even more markets.”

Mike de Graaff, Chief Compliance Officer at BetComply, said: “Since we first partnered with SG:certified last year, we’ve had great success helping operators simplify and strengthen their compliance processes with ComplyCheck. Expanding it into new markets is a natural next step, and we couldn’t have a better partner than SG:certified to help us do just that.”

ComplyCheck combines unparalleled regulatory know-how from the BetComply team with SG:certified’s centralised regulatory platform to empower operators to navigate compliance in regulated markets and manage their licensing requirements with greater efficiency.

SG:certified and BetComply, both recently nominated for the prestigious European Compliance Technology Supplier award at the EGR Europe Awards 2025, will be showcasing their industry-leading ComplyCheck solution at ICE Barcelona on 20-22 January, 2025. Additionally, attendees can join their experts at SG:certified’s webinar on 15 January at 10:00am GMT, where industry leaders will preview innovations shaping a sustainable gambling future—register here.

 

The post SG:certified extends BetComply partnership into new markets appeared first on European Gaming Industry News.

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Clemence Dujardin, MyAffiliates Group CEO, to speak at iGB Affiliate, Barcelona to highlight the Importance of Transparency

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MyAffiliates, the leading* iGaming affiliate tracking software platform, announces that their Group CEO, Clemence Dujardin, will be a key speaker at the forthcoming iGB Affiliate 2025, Barcelona this month – sharing insightful words on the critical role of transparency between affiliates and operators, as part of a highly coveted inspirational panel.

Following over 13 highly successful years at MyAffiliates, Clemence Dujardin is highly regarded in the iGaming industry – and in 2023 was unveiled by iGB as one of the top 10 most influential women in the iGaming industry. Her formidable career has covered a number of industry sectors, including affiliate management and affiliate software technology companies before joining MyAffiliates, based in Malta, in 2012.

Other significant accolades include Malta’s Best Gaming Woman Leader of the Year in 2018 and 2019 and CEO Woman Of The Year at SiGMA in 2021.

Her panel speaker slot at the iGB Affiliate, Barcelona will take place at 15:15-16:00 on Wednesday 22nd January 2025 and is titled: ‘Trust and Transparency: What Does a Win-Win Affiliate Data Share Look Like?’

In iGaming, transparency can make or break partnerships; however, many affiliate relationships still lack transparency, leading to friction and mistrust. Sharing data and providing access to analytics is key, as it gives affiliates detailed insights into traffic sources, player behaviour, and campaign outcomes.

iGB Affiliate, Barcelona – part of the global gaming exhibition at Fira Barcelona Gran Via – takes place from 20-23 January 2025 and brings together over 8000 iGaming affiliates and operators, providing the ideal landscape for networking with industry leaders and peers. And, with over 200 exhibitors, it is a truly inspirational exhibition showcasing the latest products and services across the industry. Delegates can meet Clemence and learn more from her team on stand A60.

Other news from MyAffiliates includes the launch of a new, groundbreaking AI affiliate assistant – Boostbox by MyAffiliates. This revolutionary AI tool will help affiliates access brand data in a split of a second, giving them real time access on new promotions, bonus requirements, T&C updates and more. Boostbox by MyAffiliates generates unique content tailored to each brand and affiliate, helping affiliates save resources on research and content creation, allowing them to be reallocated to other tasks.

The team will also anticipate the results of the International Gaming Awards – following the MyAffiliates nomination in the highly competitive ‘Customer Service Company of the Year’ (Supplier) category.

Clemence Dujardin, Group CEO at MyAffiliates, comments, ”As the gaming industry continues to grow, 2024 has been an exceptionally strong year for us here at MyAffiliates. We’re excited to be visiting iGB Affiliate once again and provide delegates with the opportunity to trial our programmes first hand. Speaking alongside such strong thought-leaders will be inspirational and I look forward to learning from their insights on the panel. It should make for a great discussion.”

She continues, “As we continue to expand into new markets, whilst fostering our established partnerships with over 300 operators- and launching new features like our cutting edge BoostBox – we know 2025 is going to be huge. What better way to kick things off than at iGB Affiliate. We can’t wait. Put the date in your diary and we look forward to seeing you there.”

MyAffiliates has long been a powerhouse in affiliate marketing software, empowering iGaming operators to bring all their brands and products together under one seamless affiliate system. Since its launch in 2007, MyAffiliates has set the standard in the industry, becoming the go-to platform for iGaming operators.

For further information and details on BoostBox by MyAffiliates integration, set up a meeting with the team: calendly.com/milan-myaffiliates/igb-barcelona-2025?month=2025-01&date=2025-01-20 Or visit myaffiliates.com

*StatsDrone recognised MyAffiliates in April 2024 as the most-used affiliate marketing software in the gaming industry—solidifying its role as a trusted leader and innovator.

 

The post Clemence Dujardin, MyAffiliates Group CEO, to speak at iGB Affiliate, Barcelona to highlight the Importance of Transparency appeared first on European Gaming Industry News.

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