‘B2B focused’ Nektan Plc remains confident that it can achieve EBITDA break-even results by the end of year trading. Publishing its corporate results for the six-month period ending 31 December 2019 (H1 2019), Nektan recorded corporate revenues of £800,000, up 157% on corresponding H1 2018’s £310,000. The London-AIM firm pointed to its improved commercial pipeline, which sees its software active …
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Nektan offloads white-label B2C unit to Active Win Group
Issuing a market filing, London AIM-listed Nektan Plc has confirmed that it has disposed of its UK B2C unit, offloading the asset to Grace Media for £200,000. News of the transaction follows a Tuesday update by Nektan governance confirming that the appointment of Mark Phillips and Julie Swan of PCR London as joint administrators of the B2C unit. Grace Media …
Read More »Nektan agrees terms for vital funding
London AIM-listed mobile gaming group Nektan Plc has confirmed that it has secured £2.6 million in working capital, having agreed subscription terms on a new share placement. Issuing its latest market-filing, Nektan governance reveals that ‘certain investors’ have agreed to back the firm’s subscription agreement, set at 52 million new shares priced at 5p per share. In its transaction note, …
Read More »Nektan begins new CEO search after Lucy Buckley’s departure
London AIM-listed mobile gaming group Nektan Plc has begun executive search procedures after confirming the departure of Lucy Buckley as CEO. Issuing a corporate statement, Nektan said that company founder and Executive Director Gary Shaw will act as company Chief Executive on an interim basis. Buckley will ‘remain available to the board’ to help the company with its leadership transition, …
Read More »Jaydeep Chakravartty leaves Ingenuity Gaming for Nektan VP role
Nektan, thean international B2B and white label gaming software and services provider, has named Jaydeep Chakravartty as its new Vice President, Commercials. Chakravartty has a wealth of industry experience and joins from Ingenuity Gaming, where he held the position of Commercial Director for six years with the games studio. His industry career began as Manager for Ladbrokes Retail followed by …
Read More »Nektan secures ‘game changing’ BetVictor platform partnership
London-AIM listed Nektan Plc announces one of its biggest partnerships to date, securing BetVictor as a new B2B client. Updating the market, Nektan has integrated its ‘E-lite Casino Platform’ within BetVictor’s digital framework, expanding the Gibraltar based operator’s gaming content across its verticals. Nektan secures the partnership through its operations and licensing partner Tyche Digital Malta, who will supply platform …
Read More »Nektan appoints ‘growth expert’ Lucy Buckley as new CEO
London AIM-listed platform and games content provider Nektan Plc has today confirmed that the pending appointment of Lucy Buckley as new Chief Executive Officer. Updating investors, Nektan governance confirms its new executive leader who is expected to join the company and its board on 3 December 2018. A seasoned leadership executive in marketing, growth strategies and corporate development, Buckley joins …
Read More »Fast growth Nektan reviews US investment options
London AIM-listed platform and gaming content provider Nektan Plc reports a ‘stronger than expected’ opening for its 2019/2020 trading. Publishing its Q1 2019/20 accounts (period ending 30 September 2018), Nektan reports record net-gaming-revenues (NGR) of £6.4 million up 64% on Q1 2018’s £3.9 million. Updating the market Gary Shaw, Interim Chief Executive Officer of Nektan, said: “Q1 FY19 has been …
Read More »Metric and Nektan to provide turnkey US sports betting solution
Metric Gaming and Nektan have joined forces to provide a turnkey horse racing and sports betting solution for the US market. These services will be offered through the Rapid Games™ platform from Respin LLC, Nektan’s US operating subsidiary. Rapid Games is the US casino gaming industry’s only independently certified Class II and Class III On-Premises mobile platform. Integrating to Rapid, a server-based …
Read More »Efficiency in spend leads Nektan commercial momentum
London AIM-listed B2B mobile gaming solutions provider Nektan Plc has detailed strong corporate growth for its Q2 2018 trading update (three-month period ending 31 December). Updating investors, Nektan would record net gaming revenues of £4.7 million up 42% on corresponding Q2 2017’s £3.3 million. During the trading period, Nektan governance informs that it has prioritized on developing player quality, whilst …
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