Delivers premium casino content to game operators
Extending reach to all parts of the globe
Revenues are rising rapidly
What Nektan does
Using its proprietary technology, it acts as a content distributor to its B2B partners.
How it's doing
Now focused solely on B2B, revenues rose 153% to £787,000 in the six months to December.
The company did point out, however, that the final three months of 2019 – the second quarter of the company’s fiscal year (FY20) - saw an intense period of activity with a significant number of sites either entering beta or going live.
Typically, the ramp-up period lasts three or four months following the launch of a new site and December saw revenues double from November, underpinning management's confidence of significant growth over the coming months as sites that have recently gone live get into their stride.
The group is now operating in multiple markets across Europe, Africa and Asia, and expects to go live in Latin America in the first quarter of 2020.
Nektan launched a further six sites in January 2020 that were in beta in December 2019. A further pipeline of 21 confirmed sites is currently due to be launched over the coming months.
- Now focused solely on B2B
- Revenues climbing rapidly
- Rolling out platform onto sites across the globe