Tag Archives: Nektan

Nektan records loss but takes growth momentum into Q2

Copyright: ijdema / 123RF Stock Photo

Nektan confirmed a Net Gaming Revenue (NGR) increase of 295% and disclosed plans to raise up to £2.275m as part of its Q1 trading update. The results for the quarter ended September 2016 showed NGR of £2.1m, 14,037 first-time depositors and cash wagering of £65.9m, a figure up 328% from last year’s £15.4m. The company has already received interest from …

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Nektan raises £1.75 million in asset sell-off

In a move to increase its cash capital, London AIM-listed mobile gambling firm Nektan Plc has confirmed that it has sold three of its gaming brands to Buckingham HMB for a cash consideration of £1.75 million. Agreeing on the sell-off, Nektan will transfer Chomp Casino, Spin Princess and Sapphire Rooms to the ownership of Buckingham HMB. Nektan governance maintained that the three …

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Nektan targets performance turnaround for H2 2016

Following a period of corporate restructuring, London AIM-listed mobile gambling software provider Nektan Plc is confident that it can reverse its financial performance in the second half of 2016. Last week, Nektan governance provided a preliminary update on its H1 2016 performance detailing that it expected to post £4.2 million in net gaming revenues (H1 2015: £1.6 million). The company …

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Nektan to reverse corporate losses with completion of significant partner contract

Issuing a market update for its six month H1 2015/16 performance (period ending 31 December), London AIM mobile gaming operator Nektan Plc has reported that its operational losses increased to £3.6 million. The losses represent a 55% increase on its comparative H1 2014/15 results of -£2.3 million. However, Nektan governance were encouraged with the firms revenue performance which had increased …

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Nektan confirms departure of David Sparks as CFO

Mobile gaming content and platform provider Nektan Plc has announced that Chief Financial Officer (CFO) David Sparks is to exit from the leadership role at the end of the month. Sparks who has held the position since December 2013, will further depart the London AIM Listed mobile gaming specialist board of directors. Sparks will continue to advise the firm on …

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Nektan extends games portfolio with NetEnt

Mobile games platform and content provider Nektan Plc has announced that it has signed  a content portfolio agreement with European games developer NetEnt. The partnership will see Nektan offer significant content from NetEnt game portfolio to its mobile platform partners, including over 40 mobile gaming titles. NetEnt titles will be rolled out across Nektan’s real money gaming (“RMG”) partner network from November. …

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Nektan positive of future growth despite widening of 2015 pretax losses

London AIM listed mobile content and platform provider Nektan plc has published its 2015 full year results (12 month period ending 30 June). The results published marked Nektan plc’s first set of public earnings since its November 2014 AIM listing, which saw the firm secure £4 million in its IPO offering. Nektan governance stated the company had made significant progress, …

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Nektan secures additional £2.75 million in funding

Mobile content and platform provider Nektan Plc (London AIM listed) has announced that it has raised an additional £2.75 million in corporate funds through a follow on funding rounding. Nektan governance announced that the capital had been raised by through the issue of £2.39 million in convertible loan notes and a placing of 32,258 new Ordinary Shares at £0.01 each. …

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Nektan gains Irish licence

Nektan PLC, the international B2B mobile gaming platform and content provider, announces that it has successfully gained approval for a remote betting intermediary licence for the Irish market. This is in accordance with new regulations which will come into effect on 1 August 2015. David Gosen, Nektan’s Chief Executive Officer, said: “We are pleased that Nektan is among the very …

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Nektan posts ‘better than expected’ year performance

Aim listed B2B mobile gaming platform provider Nektan Plc, has issued it’s a preliminary trading update for its full year results ending 30 June. Nektan governance expects full year 2015 net gaming revenue to be approximately £0.5 million, with the adjusted EBITDA loss (excluding listing costs, exchange differences and non-cash charges relating to share based payments) to be better than …

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