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Nektan moves to full ownership of Respin Inc

Mon, 06th Feb 2017 14:02

(ShareCast News) - International B2B gaming solutions and services provider Nektan has upped its ownership in Respin Inc to 100%, from 50%.Respin is a US-focused Class II mobile on-property mobile casino solution provider.Bringing its North American business (Respin) closer to the European division would facilitate Nektan's continuing realignment as an international gaming solutions provider, offering products and services across both markets via its proprietary platform, Evolve.It added that full ownership also brought an increased focus on regulated digital casino gaming in North America through the deployment of Respin's Rapid Bingo on-property mobile solution, which is the first bring-your-own-device approved mobile gaming platform with a GLI 547, Class II gaming certification.Nektan also said that its Rapid Bingo app was the first to be approved by Apple Inc. for mobile in-venue gaming.Meantime, in parallel, Nektan had further strengthened its ties with Spin Games LLC (Respin's initial joint venture partner) by signing a games distribution agreement and supply relationship for Spin's high-quality portfolio of HTML5 mobile casino games for the Rapid Bingo on-property solution which is continuing to attract increased levels of interest from tribal casinos in the US."Pursuant to these agreements, Nektan has become the preferred distributor in European Interactive markets of Spin's proprietary games portfolio and certain third party casino games to commercial gaming operators under its Gibraltar gaming licence, whilst also publishing the games in its growing managed casino network," said Nektan in a statement.Spin's titles and casino games were on the Robust Online Client (ROC) remote gaming server that was now live through Nektan's Gibraltar data centre.At 13:55 GMT, shares in AIM-listed Nektan were flat at 24p each.
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18 Sep 2019 14:26

Nektan Plans GBP3 Million Minimum Equity Placing And Debt Restructure

(Alliance News) - Nektan PLC on Wednesday said it intends to raise at least GBP3.0 million via an equity placing and reached agreements to restructure its convertible loans notes and loans from in

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13 Aug 2019 17:25

Nektan Chief Executive Lucy Buckley Steps Down From Role

(Alliance News) - Gaming technology firm Nektan PLC said on Tuesday that its Chief Executive Lucy Buckley has resigned from the role with immediate effect.Buckley will remain on the board a

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31 Jul 2019 13:51

Nektan Optimistic Despite Sharp Slowdown In Wagering In Fourth Quarter

(Alliance News) - Gaming technology firm Nektan PLC on Wednesday reported strong revenue growth for its recently ended year, though the fourth quarter was more difficult.For the year to 15%

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23 Jul 2019 12:27

Nektan Signs Contracts With Betika And BetLion To Expand Into Africa

(Alliance News) - Nektan PLC on Tuesday said it has expanded into Africa using E-Lite, its B2B content distribution platform.Following an integration of Nektan's B2B platform E-Lite, of

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24 Jun 2019 13:02

Nektan Fails To Achieve Breakeven Despite Double-Digit Revenue Growth

(Alliance News) - Nektan PLC on Monday said it expects to return to quarter-on-quarter growth in its financial 2020 after failing to achieve an expected breakeven in its current financial gaming a

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24 Jun 2019 08:35

Nektan narrows losses on the back of double-digit revenue growth

(Sharecast News) - Gaming technology firm Nektan told investors on Monday that it expects to turn in double-digit revenue growth and a "significantly reduced" underlying loss as part of its full-year 2019 figures.

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3 Jun 2019 13:35

Nektan Appoints GVC Veteran As Chief Financial Officer

LONDON (Alliance News) - Gaming platform provider Nektan PLC on Monday said it appointed Simon Hay as chief financial officer of the company with effect from June 17.Hay has over years'

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26 Apr 2019 18:20

Nektan Substantially Reduces Debt After Loan Notes Conversion (ALLISS)

LONDON (Alliance News) - Nektan PLC on Friday said it expects all inter-conditional transactions to complete on Monday next week, resulting in a combined reduction in debt of 45% and fresh equity

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18 Apr 2019 12:07

Nektan Beats Fundraising Target To Raise GBP2.1 Million (ALLISS)

LONDON (Alliance News) - Nektan PLC on Thursday said it raised GBP2.1 million through the placing of shares.The company issued 14.0 million shares at 15 pence each. On Wednesday, the Nektan

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5 Apr 2019 10:23

Nektan revenues boosted by strong B2B performance

(Sharecast News) - Gaming technology platform and services provider Nektan saw third-quarter revenues move ahead year-on-year thanks to a solid performance over at its business-to-business division.

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25 Mar 2019 11:29

Nektan Interim Loss Narrows On Double-Digit Revenue Increase

LONDON (Alliance News) - Gaming services provider Nektan PLC on Monday reported a narrowed pretax loss for the first half of its financial year, on strong double-digit revenue growth.For to

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11 Mar 2019 12:42

Nektan signs Manchester Utd partner to E-Lite platform

(Sharecast News) - Nektan on Monday signed Addison Global, whose MoPlay brand is the global betting partner of Premier League clubs Manchester United FC and Watford FC, to its B2B E-Lite platform.

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8 Feb 2019 15:32

Nektan Expects Placing To Raise "Significantly" More Than Expected (ALLISS)

LONDON (Alliance News) - Gaming services provider Nektan PLC said Friday it was set to raise "significantly" more than originally expected after its placing had experienced high demand a

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7 Jan 2019 10:25

Nektan gaming sales soar on 'significant' rise in unique players

(Sharecast News) - Online gambling and casino operator Nektan saw gaming revenues soar during the second quarter of its trading year as more and more players adopted its business-to-business platform.

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7 Jan 2019 10:14

Nektan Reports Record Quarterly Revenue As Signs Up New Partners

LONDON (Alliance News) - Nektan PLC on Monday said its revenue rose in the second quarter of its current financial year, helped by contract wins with new operators.The gaming technology and

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