Nektan targets "transformational" deals

News

  • Delivers premium casino content to game operators


  • B2B and BRC business arms


  • E-Lite platform distributes cutting-edge content

What Nektan does


Nektan PLC (LON:NKTN) aggregates and delivers premium casino content from the industry’s leading game providers to game operators.


Using its proprietary technology, it delivers either a fully managed white label casino solution to its B2C partners or acts as a content distributor to its B2B partners.


The white label solution is delivered via its Evolve platform, while the E-Lite platform distributes cutting-edge content.


Both platforms leverage Nektan’s market bonusing and business intelligence tools.


Inflexion points


  • In July, the company announced that it had entered the African market after agreeing to provide slots and table games via its E-Lite platform across desktop and mobile devices for Kenyan firms Betika and BetLion
  • In June, the company launched a new mobile-first bingo product across its business-to-customer white label casino network of sites. The new product, provided by Pragmatic Play, is aimed specifically at mobile players and includes a unique in-game lobby system
  • For the year ended 30 June, Nektan reported total sales for the year of GBP22.5mln versus GBP19.6mln last time, while the business-to-business (B2B) arm grew revenue fourfold to GBP0.98mln, with a tripling in the fourth quarter
  • In August, incumbent CEO Lucy Buckley, resigned while founder and executive director Gary Shaw took the reigns as interim CEO

Blue Sky


Speaking in the group’s results in July, Buckley said the firm was talking to an increasing number of larger market participants around the world and expected “a number of these to go live” during the remainder of 2019.


She added that these had scope to have a “transformational impact” on the business.


“We have taken decisive action to structure the company in response to the changing gaming environment and to provide the strategic platform for expansion and growth in international markets. Furthermore, a number of steps to enhance our product offering, including the launch of bingo and improved player journeys, have been completed in Q4 and we look forward to the new financial year with optimism”, Buckley said.


With the shares at 9.25p as of 16 August, Nektan carries a market cap of GBP10.2mln.

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