logo-loader
Nektan PLC

Nektan targets “transformational” deals

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: £0.09

Market: AIM
Market Cap: £10.07 m
Follow
  • Delivers premium casino content to game operators

  • B2B and BRC 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.

Inflexion points

  • In July, the company announced that it had entered the African market after agreeing to provide slots and table games via its E-Lite platform across desktop and mobile devices for Kenyan firms Betika and BetLion
  • In June, the company launched a new mobile-first bingo product across its business-to-customer white label casino network of sites. The new product, provided by Pragmatic Play, is aimed specifically at mobile players and includes a unique in-game lobby system
  • For the year ended 30 June, Nektan reported total sales for the year of £22.5mln versus £19.6mln last time, while the business-to-business (B2B) arm grew revenue fourfold to £0.98mln, with a tripling in the fourth quarter
  • In August, incumbent CEO Lucy Buckley, resigned while founder and executive director Gary Shaw took the reins as interim CEO

Blue Sky

Speaking in the group’s results in July, Buckley said the firm was talking to an increasing number of larger market participants around the world and expected “a number of these to go live” during the remainder of 2019.

She added that these had scope to have a “transformational impact” on the business.

“We have taken decisive action to structure the company in response to the changing gaming environment and to provide the strategic platform for expansion and growth in international markets. Furthermore, a number of steps to enhance our product offering, including the launch of bingo and improved player journeys, have been completed in Q4 and we look forward to the new financial year with optimism”, Buckley said.

With the shares at 9.25p as of 16 August, Nektan carries a market cap of £10.2mln.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Nektan PLC named herein, including the promotion by the Company of Nektan PLC in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Investor Update: United Oil & Gas reveals US$16mln deal with Rockhopper...

Top stories from the Proactive Investors UK newsroom. Rockhopper Exploration has agreed to sell its Egyptian assets to United Oil and Gas (LON:UOG) for US$16mln. The key asset changing hands is a 22% working interest in the Abu Sennan concession. United says it will fund the deal through a...

on 23/7/19

2 min read