Revenue up at Nektan in first quarter
Nektan has cited the ongoing success of its European business as one of the main reasons behind a year-on-year increase in revenue during the three months to September 30.
In a trading update, Nektan said that net gaming revenue amounted to £3.9m (€4.4m/$5.2m) in the first quarter, up 88.4% on the £2.1m collected in the corresponding period last year.
The number of first-time depositors at Nektan also rocketed 186% year-on-year from 14,037 to 40,148, while cash wagering jumped 125.3% to £126.7m
Gary Shaw, interim chief executive at Nektan, said: “Our core European business continued to progress in Q1 FY18 as expected; the proposed launch of new commercial partners during the current quarter will see that growth continuing.
“Our strategy to leverage our core technology asset Evolve into geographically diverse markets through platform licensing deals will see the business develop into one of the first gaming technology businesses with its platform live across three major continents.
“I am particularly pleased with the progress being made in the US where our investment positions Nektan as one of the first movers in mobile casino gaming.”
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