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Nektan set for major restructuring including possible B2C disposal

Snapshot

The firm aggregates and delivers premium casino content to game operators around the world

Nektan PLC - Nektan targets “transformational” deals

Quick facts: Nektan PLC

Price: 2.25 GBX

AIM:NKTN
Market: AIM
Market Cap: £5.55 m
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  • Delivers premium casino content to game operators

  • B2B and B2C business arms

  • E-Lite platform distributes cutting-edge content

What Nektan does

Nektan PLC (LON:NKTN) aggregates and delivers premium casino content from the industry's leading game providers to game operators.

Using its proprietary technology, it delivers either a fully managed white label casino solution to its B2C partners or acts as a content distributor to its B2B partners.

The white label solution is delivered via its Evolve platform, while the E-Lite platform distributes cutting-edge content.

Both platforms leverage Nektan's market bonusing and business intelligence tools.

How it's doing

In December,  Nektan cautioned its shares would be suspended on 2 January ahead of the possible sale of its B2C platform.

Talks over the disposal and subsequent restructuring of the company are at an advanced stage and due to that Nektan the accounts won't be ready by the end of the year as required.

The accounts are expected to be published later in January.

Nektan added it is still seeing strong interest from potential partners and is on track to complete 20 new site launches by the end of December and a strong pipeline heading into 2020.

“The board continues to expect these launches to be transformational, with a number of these partners expected to deliver significant revenues to Nektan once fully established, which is considered typically to be 3 to 4 months after going live.”

A number of the new launches have started producing revenue underpinning confidence in the group's B2B division, the statement added.

Inflexion points

  • Sale of B2C operation
  • Revenue picks up from new B2B launches
  • Accounts published and shares return from publication 

 

 

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Full interview: Nektan PLC set up for rest of world growth' following...

Nektan PLC's (LON:NKTN) Gary Shaw speaks to Proactive London's Andrew Scott following its half year update to December 2019. The business-to-business (B2B) division in the period saw revenues rise 153.1% to £787,000 from the preceding six months’ total of £311,000. Shaw says the story's...

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