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Nektan hails ‘landmark’ partnership with BetVictor

| By iGB Editorial Team
Tech company says deal will “drive significant revenue generation”

Nektan has signed its biggest B2B deal to date with the tech company to provide its casino platform to BetVictor.

Under the agreement, Nektan has integrated its B2B E-Lite casino platform into the BetVictor casino offering. E-Lite will distribute slots and table games content across three major BetVictor casino brands.

Nektan confirmed to iGamingBusiness.com that this is the first time it will be working with an operator the size of BetVictor. The company billed the deal as a “landmark win” for its B2B business.

Gary Shaw, who is currently serving as interim chief of Nektan, said the deal with BetVictor will allow the company to “build on the progress” it achieved during the quarter and deliver further growth.

Shaw (pictured), who will soon step aside to make way for new CEO Lucy Buckley, said: “It serves as another example of our business model delivering growth throughout each market that we operate in and will help us to build on the progress announced recently in our Q1 trading update.”

The agreement comes after Nektan’s impressive performance in the first quarter, during which it was able to post better-than-expected financial results. The firm announced record net gaming revenue of £6.4m (€7.3m/$8.5m) in the three months to June 30, 64.6% up on the previous year, while cash wagering also increased by 40.7% to £178.3m.
Jane Ryan, chief operating officer of B2B at Nektan, also picks up on this, saying that the BetVictor deal will open up more growth opportunities to Nektan.

Ryan said: “This landmark partnership is set to deliver commercial opportunities to develop and drive significant revenue generation for Nektan throughout the coming months and beyond.”

Nektan recently revealed that it is reviewing offers to invest in its US business, with a tier-one operator partnership set to go live “shortly” in the country as a “pipeline of upcoming opportunities” come to fruition in the post-PASPA era.

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