Nektan PLC Metric partnership for US sports betting content (9484O)

TIDMNKTN

RNS Number : 9484O

Nektan PLC

23 May 2018

23 May 2018

NEKTAN PLC

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

NEKTAN ANNOUNCES PARTNERSHIP WITH METRIC GAMING TO PROVIDE SPORTS BETTING CONTENT IN THE US

Nektan plc (AIM: NKTN), an international B2B and white label gaming software and services provider, announces that it has signed a partnership deal with Metric Gaming ("Metric"), one of the most compelling and dynamic independent sports betting suppliers in the world, to provide Metric's betting content to the US market.

Through their respective U.S. operating subsidiaries, Metric Gaming LLC and Respin LLC ("Respin"), Metric and Nektan will be offering high quality horse racing and sports betting services via Respin's Rapid Games(TM) platform, the US casino gaming industry's only independently certified Class II (Protected Tribal Gaming Category) and Class III On-Premises Bring Your Own Device ("BYOD") mobile platform.

Last year, Rapid Games announced its first major contract with a Tier-1 US casino operator to launch its Rapid Games(TM).

Gary Shaw, Interim Chief Executive Officer of Nektan said:

"With last week's Supreme Court decision, the combination of Metric's leading sports and race products, and Nektan's Rapid Games Mobile Casino, creates a large opportunity for both companies working in partnership. The sector will look to a combination of sports and casino and having a partner combining both will create additional opportunities for both companies."

Martin de Knijff, Chief Executive Officer of Metric said:

"Last week's Supreme Court decision signals a sea change in the U.S. We are impressed by the Rapid Games(TM) platform, and believe that its multi-device approach gives our state-of-the-art horse racing and sports betting counterparts a price and functionality advantage over legacy based competitors in both the retail and iGaming spaces."

For further information on the Group, please contact:

 
Nektan 
 Gary Shaw, Interim Chief Executive Officer 
 Patrick Sinclair, Chief Financial Officer    [phone] 
 
  Stockdale Securities Limited (Nominated 
  Advisor and Joint Broker 
  Tom Griffiths / Ed Thomas                     [phone] 
 
  Smaller Company Capital Limited (Joint        [phone] 
  Broker) 
  Rupert Williams / Jeremy Woodgate             [phone] / [phone] 
                                                930 
  Newgate (PR Adviser)                          Email: [e-mail] 
  James Benjamin 
 

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

About Nektan:

Nektan is an international B2B and white label gaming software 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, 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.

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May 23, 2018 02:01 ET (06:01 GMT)