Nektan PLC (LON:NKTN) shares surged in early trading Thursday as it helped deliver record revenues for The Sun Play, the online slots site from News UK, through its Evolve white label platform.
The AIM-listed gambling software and services provider said that through its platform the site had delivered a 47% year-on-year increase in net gaming revenue (NGR) to £1.8mln.
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Nektan manages the entire operation of the site, TheSunPlay.co.uk, on behalf of News UK including customer support, regulatory approvals, licensing, games content, and payment processing.
The company itself has also been reporting strong revenue growth, with NGRs up 48.1% to £19.4mln for the 2018 financial year in its managed gaming solutions division in Europe.
Michael Byrne, chief operating officer for B2C at Nektan, said: "We take our clients' needs and requirements seriously and look forward to continued success, in partnership with News UK. The strength of the Evolve platform, complemented with our flexible approach, has ensured The Sun Play has experienced year-on-year growth in revenues since its launch in 2015."
Nektan shares were up 8.1% at 20p.