Share Name Share Symbol Market Type Share ISIN Share Description
Nektan LSE:NKTN London Ordinary Share GI000A12CYF8 ORD 1P (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50p -6.52% 21.50p 18.00p 25.00p 23.00p 19.50p 23.00p 162,657 14:39:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 5.8 -10.5 -44.8 - 7.75

Nektan PLC Takes its first mobile cash bet at casino in US

10/08/2017 7:01am

UK Regulatory (RNS & others)


Nektan (LSE:NKTN)
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RNS Number : 5876N

Nektan PLC

10 August 2017

10 August 2017

NEKTAN PLC

("Nektan", the "Company" or the "Group")

Nektan takes its first mobile cash bet at a casino in the US

Nektan PLC (AIM: NKTN), a leading international B2B gaming solutions and services provider, has taken its first real-money wager in the United States following the launch of its Evolve in-venue mobile games solution.

Through Nektan's US operating subsidiary, Respin Games LLC, a tribal casino in California has gone live with Rapid Games(TM) , the certified Class II (Protected Tribal Gaming Category) proprietary in-resort Bring Your Own Device mobile platform. The solution gives customers the chance to play casino games on their mobile devices whilst on-premise.

Nektan expects to roll out the platform across a further three casinos in Northern California this calendar year.

Gary Shaw, Interim CEO of Nektan, said:

"We are very pleased to have taken our first ever real-money wager in North America with an established land-based casino operator in California.

"As first movers in Class II mobile casino, our team is focused on helping the tribal land-based operators evolve into successful igaming businesses. We are leading the US Class II market at an exciting time for our industry and are well positioned to drive our technology through any number of casinos in North America."

Jim Wilkinson, Chairman of Nektan, said:

"After the strong growth delivered by Nektan during the last year in our Managed Gaming Solutions business in Europe, it is a testament to the expertise and ambition of management that the Company is establishing Respin as a market leader in mobile casino gaming in the North American market."

For further information on the Group, please contact:

 
Nektan                                        via Newgate below 
 Gary Shaw, Interim Chief Executive Officer 
 Patrick Sinclair, Chief Financial Officer 
Stockdale Securities Limited 
 Tom Griffiths / Ed Thomas                    +44 20 7601 6100 
 
  Newgate (PR Adviser)                          +44 20 7680 6550 / 
  James Benjamin                                + 44 7747 113 930 
                                                Email: nektan@newgatecomms.com 
 

Further information on Nektan can be found on the Group's website at www.nektan.com

About Nektan:

Nektan is a leading international B2B mobile gaming solutions and services provider, operating in the regulated, interactive real money gaming (RMG) gaming space, delivering original and innovative solutions to commercial organisations that have established online audiences.

Nektan's full end-to-end technology platform, Evolve, simplifies and supports the route to mobile and desktop gaming revenues, managing the full customer experience and back-office operations, allowing commercial partners to focus on marketing the product to their consumers.

Nektan's US operating subsidiary, Respin LLC, provides US land-based casinos with in-venue mobile gaming solutions which allow operators to add mobile technology and content to their existing offerings, with products accessible to players across both cabinets and mobile devices inside the casinos. Respin has a strong intellectual property portfolio including game patents for Rapid Games(TM) (on-property mobile entertainment), and other captivating concepts and brands.

Nektan is headquartered in Gibraltar, regulated by the Gibraltar Licensing Authority and the UK Gambling Commission, as well as in the Irish market and maintains sales and customer support operations in its two primary geographical targets, Europe and North America. The proprietary Evolve technology is developed and maintained by a talented and experienced team of employees from Nektan's Indian office.

Nektan plc was admitted to the AIM market of the London Stock Exchange in November 2014.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

August 10, 2017 02:01 ET (06:01 GMT)

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