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that'd was a huge tie up. key will be if BV just want to buy out nektan. I reckon someone might want to given nktns turnover BetVictor has significantly expanded its casino offering after striking up a deal with Nektan PLC, a fast-growing international gaming technology platform and services provider. Headquartered in Gibraltar, Nektan operates in the regulated, interactive real money gaming (RMG) space, delivering original and innovative solutions to commercial organisations that have established online audiences. Their partnership with BetVictor, one of Europe’s leading gaming companies, is a landmark deal for the company and will see them integrate their B2B E-Lite casino platform into the bookmakers’ main casino products. BetVictor will take the E-Lite platform’s casino content and distribute it across three of its key casino brands, giving Nektan access to their flourishing customer base. The E-Lite platform gives BetVictor direct access to HTML5-developed slots and table games from more than 24 of the industry’s leading games and content developers. Turlough Lally, Director of Casino at BetVictor, said the bookmakers linked up with Nektan as they seek to keep up with increased customer demands. “With the constant technology advancements and new games available at the tap of a button, customer demands are becoming increasingly high,” he said. ‘Improved Gaming Options’ “To cut through the noise, operators need to keep re-assessing and innovating their games portfolio to provide players with improved gaming options, that can easily be accessed via mobile devices, which are dominating the iGaming industry. “This exciting partnership with Nektan is an important strategic move for BetVictor and we’re confident this global platform integration deal will bring new gaming opportunities for our global player base, while complementing our existing network of casino brands.” Gary Shaw – Interim Chief Executive Officer of Nektan – will step aside to allow Lucy Buckley to assume the company’s CEO role, said the partnership was a measure of how far the company has come, havingreported a significant financial performance upturn in the first quarter of the financial year. “This exciting partnership with BetVictor demonstrates how Nektan is attracting large and established businesses to use our technology to enhance their product offering,” he said. “It serves as another example of our business model delivering growth throughout each market that we operate in and will help us to buil
at only 6mill.mcap. this could easily get bought out like earthport. it is a potential takeover target in my opinion.
Like a number of rivals, 888 is also hoping to profit from a move into US online gambling. This was thought to have been legalised, but a recent statement from the US justice department has cast doubt on this and the situation remains unclear.
ing... but not a sausage?
runs a bit contrary to past good news... maybe it's a slow burner... guess i'll wait until there's some momentum in trading...
gla... wherever you are!
totally useless. they don't control costs at all. I can see 10p next year. I will definitely be shorting this in 2019. always looking for cash to cover those huge losses.
Is that a placing will come with the results again, difficult to explain such a weird drop, otherwise. Placing price will be telling. Business looks much better, Q1 results could be read in two ways but I can see a marked improvement.
Are the final results due here?
this is very illiquid. could easily go firing back up but they need a big new investor really.
Started last week according to RNS. Must admit I'm tempted to get involved here..looks pretty bombed out and has potential I feel. When are their results due?
the key issue is the US investment in Rapidfire respin. if we can get that investment we drinks rerate to GAN levels. traders here have made over 400% gains
I'm not invested here but was reading the evening standard on the tube on the way home and it got a solid write up in the 'market minnows' column FYI
share is dead. Barely any trades. The BOD need to do better at promoting this! I do feel this is undervalued based on recent RNS.
On keeping this board active , strange how this info wasn’t passed on to the vela lse bb . I guess Only on twitter these days haha
BetVictor is a huge deal - this share is at rock Bottom, GAN £44million market cap. This is £9mill mcap.
The metric raise in the US is 50% of NKTNS market cap.
We really could see £1 here in my opinion
https://www.investegate.co.uk/nektan-plc--nktn-/rns/betvictor-contract/201810160700081165E/
Hi draft - see you are keeping this board going all on your own. Good RNS this morning.
https://sbcnews.co.uk/sportsbook/2018/09/25/metric-gaming-secures-10-million-series-a-funding-us-vision/
Updating the market, Metric Gaming reveals that its series A was led by New York-based family investment fund RDA Ventures LLC.
The series A funds will be used to help establish Metric Gaming as the go-to sportsbook platform and data services provider for the liberalised US sports betting market.
Martin de Knijff, Metric Gaming founder and CEO, said: “This investment will accelerate Metric Gaming’s plans to capitalize on the substantial market opportunities arising as states across the U.S. continue to legalize sports betting.
“Metric’s B2B value proposition – a turnkey, mobile-optimized solution that includes the transaction platform, front-end, trading, operations, risk management, product and unique content – is backed by pedigree and expertise built on both sides of the Atlantic, and will enable operators to quickly and efficiently capture market share.
Backing the investment, David Broser, President of RDA Ventures, said: “The combination of Metric’s product suite, services and management talent made this an easy investment for us.
“Metric is uniquely positioned as a sports betting B2B provider with advanced expertise that’s rare in the U.S., and we’re excited to be on the ground floor with such a compelling player in the nascent legalized U.S. market.”
Nektan hasn’t been left behind; the AIM company partnered up with US firm Metric Gaming a couple of weeks after the Supreme Court’s decision and Metric’s betting platform has now been integrated into the Evolve platform.
The company was also contracted by a “major tier-one operator” to design a white label betting game which is due to be launched in-venue in the current (second) quarter.
“Our North America division is making progress and is due to go live shortly with a tier-one operator,” said interim chief executive Gary Shaw.
Nektan considering US investment offers
3 October 2018
Nektan revealed today (Wednesday) that it is reviewing offers to invest in its US business, with a tier-one operator partnership set to go live “shortly” in the country as a “pipeline of upcoming opportunities” come to fruition in the post-PASPA era.
Nektan confirmed the news in a trading update for the first quarter of the 2019 financial year, with a 64.6% year-on-year rise in net gaming revenue to a record £6.4m (€7.2m/$8.3m) in the three months through to the end of June underlining “stronger-than-expected growth”.
“The board continues to review its options in the US, which include expressions of interest to invest directly into the US business unit, with the objective of reducing the cash burden on Nektan within the next two quarters,” the company said.
The company added that in the first quarter Nektan completed back-end integration, white label customisation and regulatory approval with a “major tier-one operator” ahead of an in-venue launch.
Nektan interim CEO Gary Shaw (pictured) added: “Our North America division is making progress and is due to go live shortly with a tier-one operator. We are positioned to take advantage of the opening up of the sector in the United States with a pipeline of upcoming opportunities.”
Cash wagering jumped 40.7% year-on-year to £178.3m even though first-time depositors dropped by 2.9% to 38,981. Nektan put this decline down to a focus on “maximising player lifetime values”, which it said will boost profitability moving forward.
Nektan now has over 700 games on its platform, up 40% on the final quarter of the 2018 financial year, and delivered this content to a record 143 global casino brands in the first quarter.
In addition, the company has integrated Metric Gaming’s full-service Race and Sports betting platform into its own Evolve platform ready for roll-out in the US. This comes as a result of the partnership between the two companies agreed in May.
The company also noted that as a result of it growing content and client bases, it expects to become “EBITDA break-even in Europe” by the end of the 2019 financial year.
Since the repeal of PASPA in May, Metric has begun an internal restructure with industry veteran Jim Supple becoming global managing director and Keith Hayes taking over his COO role, with a US commercial function being defined in addition to the already established UK and European commercial function.
The company in May announced a partnership with Nektan that will see the pair provide a fully integrated complete race and sports book offering to the US market.
De Knijff told iGamingBusiness.com that the company’s commercial arm has been busy progressing other partnerships since the US market was effectively opened by the repeal of PASPA.
He said: “The emerging sports betting market in the US has presented Metric Gaming with numerous opportunities to explore and progress.
“It's a little too early to announce anything specific but discussions are well underway with some leading names within the industry.”
Las Vegas-based online sportsbook platform and real-time betting data services provider, Metric Gaming has confirmed that it has secured $10 million completing its ‘series A’ funding round.
Founded in 2013 by an enterprise team led by Martin de Knijff, Metric Gaming seeks to become a leading developer of sports betting proprietary products and platform provisions, empowered by the use of fastest data, immersive engagement and seamless partner integration.
Updating the market, Metric Gaming reveals that its series A was led by New York-based family investment fund RDA Ventures LLC.
The series A funds will be used to help establish Metric Gaming as the go-to sportsbook platform and data services provider for the liberalised US sports betting market.
Martin de Knijff, Metric Gaming founder and CEO, said: “This investment will accelerate Metric Gaming’s plans to capitalize on the substantial market opportunities arising as states across the U.S. continue to legalize sports betting.
“Metric’s B2B value proposition – a turnkey, mobile-optimized solution that includes the transaction platform, front-end, trading, operations, risk management, product and unique content – is backed by pedigree and expertise built on both sides of the Atlantic, and will enable operators to quickly and efficiently capture market share.
Backing the investment, David Broser, President of RDA Ventures, said: “The combination of Metric’s product suite, services and management talent made this an easy investment for us.
“Metric is uniquely positioned as a sports betting B2B provider with advanced expertise that’s rare in the U.S., and we’re excited to be on the ground floor with such a compelling player in the nascent legalized U.S. market.”
there has been no change at all in the shareholder register, that means the holders are waiting for a big return here.
Also METRIC , nektans us partner, raised $10million today
the SUN. News UK's The Sun Play slots site hails Nektan partnership with a 47% rise in gaming revenues
Nektan PLC (AIM: NKTN), an international B2B and white label gaming software and services provider, has helped deliver record revenues for TheSunPlay.co.uk, the innovative online slots site offering for The Sun readers.
Powered by Nektan's proprietary white label platform, Evolve, the News UK brand has achieved increasing annual revenues year-on-year with £1.8m in net gaming revenues (NGR) for the 12 months ended 31 July 2018. This equates to a 47% rise in NGR from the previous year.
Nektan manages the entire slots site operation and player gaming experience on behalf of the News UK brand. This includes customer services support, regulatory approvals and licensing, player tracking and reporting, CRM, payment processing, games content and security.
Supported by more than 500 games from the industry's leading game developers, The Sun Play brand has grown from strength to strength.
Michael Byrne, Chief Operating Officer B2C at Nektan, said:
"We've enjoyed a great working relationship with News UK and are pleased to have played a leading role in delivering record revenues for The Sun Play."
"We take our clients' needs and requirements seriously and look forward to continued success, in partnership with News UK. The strength of the Evolve platform, complemented with our flexible approach, has ensured The Sun Play has experienced year-on-year growth in revenues since its launch in 2015."
Hannah Swales, Head of Bingo & Games at News UK, said:
"We are delighted with the performance of Nektan and our brand The Sun Play. The Nektan team has worked extremely hard and we are both reaping the benefits of the success. We look forward to continued growth in the future."