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Nektan sees opportunities in many jurisdictions

“As long as you are multi-jurisdictional you are in good shape”
Mobile games
Over 700 games are on Nektan's platform

Gary Shaw has no intention of becoming less involved with gaming technology group Nektan PLC (LON:NKTN) following the appointment of Lucy Buckley as chief executive.

Indeed, the appointment reflects just how busy the group is at present, he told Proactive.

WATCH: Nektan PLC's Gary Shaw on 'landmark' BetVictor deal

Shaw has been acting interim chief executive since June of last year, with Buckley to take over on 3 December.

“We are seeing way more prospects than ever before,” he says, across Europe, Asia including India, Africa and the US.

Underlining the point, earlier this week, the group announced a contract to integrate it B2B E- lite platform, with leading independent bookmaker BetVictor.

It was Nektan’s first contract with a Tier-1 gaming company, said Shaw.

BetVictor takes the E-Lite platform's casino content and distributes it across three of its key casino brands, giving Nektan access to BetVictor's flourishing customer base.

The integration significantly expands BetVictor's casino offering, with the E-Lite platform giving it direct access to HTML5-developed slots and table games from more than 24 of the industry's leading games and content developers.

The fact that E-Lite is a multi-jurisdictional platform was key to winning the BetVictor account, says Shaw.

READ: Nektan names Lucy Buckley as chief executive officer

It also took only days to integrate and that speed was another factor.

The contract is a revenue split arrangement and Shaw expects more deals over the coming months.

“We are live in 35 countries now,” he says, but that will have risen to between 40-45 over the next six months.

With Britain and other countries tightening regulations on online gaming and betting, having operations spread as widely as this is essential, he says.

“As long as you are multi-jurisdictional you are in good shape.”

Nektan has grown revenue now for 14 consecutive quarters, he says, and is optimistic it can maintain the trend.

The US is starting to open up following the change in sports betting rules, while there are huge opportunities in Africa and Asia, believes Shaw.

Last trading saw net gaming revenue rise 12.6% to £6.4mln, while the amounts wagered on its platform increased 9.4% to £178mln.

“Nektan remains on course to become EBITDA break-even in Europe by the end of FY19,” said the statement.

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Nektan PLC Timeline

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January 22 2019

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