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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

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THE WORLD SERIES OF POKER® BRINGS THE WSOP+ APP ONLINE IN LAS VEGAS TO ENHANCE PARTICIPANT EXPERIENCE
Limit time spent waiting in line this summer by pre-registering now for WSOP 2025
The World Series of Poker (WSOP®) today announced the rollout of its WSOP+ app, which is now available in time for WSOP 2025. The app will revolutionize the participant experience at the WSOP, allowing players to register for and buy into their preferred WSOP live events ahead of time, bypassing the long queues sometimes seen at the registration cage in the hours before the start of each tournament.
Additionally, WSOP+ features a virtual waiting list and paging system, allowing participants to receive push notifications when their seat becomes available. Players will no longer have to wait in physical late registration lines and instead will be placed into a virtual queue in sequential order. The WSOP+ app will also feature curated content and become a one-stop shop for key information such as the WSOP schedule of events, structure sheets, rules, chip counts, daily results, next day’s seat assignments, prizes, and much more.
Participants planning to play at the WSOP in Las Vegas this summer are encouraged to first visit wsop.com/registration to review the registration process before downloading the new WSOP+ app on iOS or Android at WSOPPlus.com. All WSOP 2025 participants should utilize an iOS or Android smartphone device to ensure an optimal playing experience with the WSOP+ app.
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“The advantages of bringing WSOP+ online in time for the next World Series of Poker in Las Vegas are endless,” said Jack Effel, Senior Vice President of Poker Operations and World Series of Poker at Caesars Entertainment. “Players should feel an immediate positive impact on their experience when they arrive this summer. Beyond WSOP+’s advanced features, there’s no question this innovation should reduce wait times, allowing participants more time to get to the felt and enjoy the events they love.”
The WSOP+ app will take center stage at WSOP 2025, which returns for a fourth year to the Horseshoe Las Vegas and Paris Las Vegas on the iconic Las Vegas Strip. The excitement begins on May 27 with Event #1 Mystery Millions, which guarantees a $1M top bounty, a first-place prize of at least $1M, and five Day 1 flights. A total of 100 gold bracelets will be available throughout the entire WSOP 2025 festival, which is headlined as always by the WSOP Main Event® (starting July 2 with Day 1A and concluding on July 16).
Participants interested in registering online for WSOP 2025 can now begin doing so. Participants who would prefer to register in person can do so at the main casino cage inside Paris Las Vegas starting May 15. In addition to creating a WSOP+ account, participants must also have a Caesars Rewards number – Caesars Rewards accounts can be created online or at any Caesars property. After completing a one-time, in-person ID verification at the WSOP cage, participants can register for events directly through the WSOP+ app and head straight to their tables – no need to wait in line.
Players are also currently able to qualify for the WSOP Main Event via live and online satellite tournaments. International players can join exclusive online satellites at GGPoker, the world’s biggest online poker room, while domestic US players can win their way in via WSOP Online.
More on Participant Verification:
Online pre-registrations require a one-time in-person verification onsite at the Online Registration area located inside the Champagne Ballroom within “Les Centre Des Conventions” at Paris Las Vegas. Participants must show their current, valid, and unexpired photo identification (passport, driver’s license, state identification card, or military identification card) acceptable to Host Properties at the WSOP Verification area.
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More on Available Payment Methods:
Participants utilizing WSOP+ to pay for their tournament tickets online will have several payment options this summer, including:
- ACH (U.S. participants only)
- Credit cards
- PayPal
- Luxon Pay (Non-U.S. participants only)
- WSOP Online Qualifiers
- Paris Tournament Accounts (funded in person at WSOP cage)
WSOP+ charges no fees for purchasing tournament tickets using ACH, PayPal, Luxon Pay, or Paris Tournament Account. A 3% fee will be applied to all Credit Card transactions only.
In-person payment options will include:
- Cash
- Paris Las Vegas or Horseshoe Las Vegas Casino Chips
- Cashier’s Check (must be approved in advance by emailing a copy of the check to [email protected])
Wire Transfer will also be accepted for participants to fund their Paris Tournament Account, but requires a minimum deposit of $100,000 and must be approved in advance by emailing Director or Poker Operations, Andy Rich at [email protected].
Participants should follow @WSOP on X (formerly Twitter) and Instagram or check WSOP.com for more event news and updates.
The post THE WORLD SERIES OF POKER® BRINGS THE WSOP+ APP ONLINE IN LAS VEGAS TO ENHANCE PARTICIPANT EXPERIENCE appeared first on European Gaming Industry News.
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Pirlo was excited about the event: “The Golden Boomerang Awards 2025 is where legends and winners come together. And this year, I’ll be there, waiting to meet the top 30 at San Siro on May 20th. It’s going to be a special night. Full of energy, football, and style — in the heart of Milan.”
Andrea Pirlo is the 2006 World Champion with the Italian national team. He has twice won the Champions League with AC Milan and is a multiple winner of Serie A, the Italian Cup, the Italian Super Cup, and other notable tournaments. He is also inducted into the AC Milan Hall of Fame and the Italian Football Hall of Fame. After finishing his career as a footballer, Andrea started his coaching journey. Pirlo’s presence at the Golden Boomerang Awards ceremony links football’s legacy with the future of digital entertainment.
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About Boomerang
Boomerang Partners is a rapidly growing global brand offering a wide range of services. Boomerang is the Official Regional Betting Partner of AC Milan and collaborates with women’s football star and influencer Alisha Lehmann. In 2024, it launched the inaugural Golden Boomerang Awards 2024, the first annual global affiliate tournament. Boomerang Partners’ betting segment surged 5x, and gambling — 2x in 2024. Its affiliate program demonstrated a 120% increase in partners, and the number of sports betting offers surged more than 6 times. Six new products were launched by Boomerang in 2024, which contributed to an almost 1.5-fold increase in product users.
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The post AC Milan Legend Andrea Pirlo will be the star of the Golden Boomerang Awards 2025 Ceremony appeared first on European Gaming Industry News.
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Source: egba.eu
The post EGBA boosts regulatory monitoring with compliance workspace Letzz appeared first on European Gaming Industry News.
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