RE: NKTN23 May 2018 12:29
On-Premise Gaming (North America)
� Nektan's US subsidiary, Rapid Games�, continues to generate significant interest in its on-premise solution and is expected to complete back-end system integration with a major commercial operator and to initiate trials with further multi-property groups during the current quarter.
� During the last quarter, Rapid Games� completed the development of, and received certifications for, its latest product additions, which now include a third party Class III RGS, integrations with smart tables and tablets, a growing library of both Class II and III games and compliance with an expanding list of standards and regulations.
Gary Shaw, Interim Chief Executive Officer of Nektan, said:
"Our results clearly demonstrate Nektan's growing commercial and operational strength throughout international markets. The significant increase in net gaming revenues and cash wagering from our European white label business represents continuing growth momentum. This growth, at the same time as launching into new markets, underlines Nektan's strength of management and technical capabilities. I am particularly pleased with our ability to expand, deploy and support in multiple geographic markets during this period from our stable, centralised cost base, delivering incremental revenue growth to the Group.
Nektan is becoming one of the market leaders in both mature and emerging markets for our sector and, as the market expands over the next year and beyond, our technology will become even more sought after. We remain confident about our growth strategy and look forward to announcing further encouraging updates over the coming months."
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