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Nektan announces record quarter and full year trading across B2C and B2B

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Nektan add Woohoo Games roster to their aggregator
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4 July 2018 – Nektan plc (AIM: NKTN), an international B2B and white label gaming software and services provider, announces its trading and business update for the three months and year ended 30 June 2018 (Q4 FY18 and FY18). The figures stated below are all unaudited.

Managed Gaming Solutions (Europe)

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  • Nektan continued its momentum and delivered very strong growth, with record NGR in Q4 FY18 of £5.7m, increasing by 10.9% compared to Q3 FY18 and by 36.7% versus Q4 FY17.
  • This final quarter performance ensured that the full year NGR was £19.4m, increasing by 48.1% from £13.1m the previous year.
  • FTDs continued to grow strongly to 43,289, increasing by 14.3% versus the previous quarter and by 20.4% year on year.
  • Cash wagering of £162.9m in Q4 FY18 increased by 14.3% versus Q3 FY18 and was £559.8m for FY18 up 43.4% versus FY17.
  • Nektan launched 13 new sites and gained four new partners in Q4 FY18. The Company is now operating with a total of 113 brands from 55 partners.  The Group has a strong pipeline of new brands from both existing and new partners to be launched during the current quarter with growth expected from the UK as well as internationally, the latter being an important part of Nektan’s strategy going forward.
  • Nektan’s platform has over 500 games from 24 games providers, underlining the diversified nature of Nektan’s games portfolio.

 

B2B

  • The B2B business is becoming a significant part of Nektan’s future global strategy which is being achieved by leveraging the Evolve platform into new, significantly higher margin business lines as the Company moves towards EBITDA break-even in Europe, which is expected during FY19.
  • Nektan generated £105k in revenue from the B2B business during Q4 FY18 versus £83k in Q3 FY18 with a total of 12 deals now live globally versus 9 in Q3 FY18.
  • The first global platform deal with Tyche Digital (“Tyche”) now has four partners live and a significant pipeline of further integrations expected over the coming months, where we are benefiting from our speed of integration and breadth of content offering.
  • Nektan has made its proprietary remote gaming server (“RGS”) available to third party games studios who can integrate their content directly onto it.  This strategic move has created an opportunity to work with leading industry partners to produce premium content with higher margins.
  • The Group is in discussions with a number of industry partners to integrate E-Lite on a platform to platform basis in the next two quarters which would be an additional global revenue stream for the Group.

 

On-Premise Gaming (North America)

  • Nektan’s US subsidiary, Rapid Games™ (“Rapid”) has continued to grow its game portfolios and will go live with its second northern Californian on-premise mobile gaming partner during July 2018.
  • The addition of Metric Gaming’s full service Race and Sports offering to Rapid’s platform is driving significant interest from new markets.
  • Nektan is currently reviewing its strategic options in the US and has had a number of expressions of interest to invest in Rapid.  The Board will provide an update in due course.

 

Gary Shaw, Interim Chief Executive Officer of Nektan, said:

We are delighted with Nektan’s continuing revenue growth, increasing 48% in the year to 30 June 2018. We expect to continue to build on this strong momentum in the year ahead. 

We see the business continuing to strengthen further and growth opportunities within both existing markets and, most encouragingly, in the rapidly accelerating demand for our technology from international partners, especially in Asia. In addition, with our licensed US mobile gaming platform, we are very well placed to take advantage of the huge opportunity presented by the opening up of the sector in the United States.

 

Nektan is currently live in 37 countries across Europe, Asia and North America.  We have developed from a UK-centric business into a global technology company, delivering to our partners operational gaming capability with speed and flexibility across multiple markets.

We look forward to announcing further progress in the coming months.

Further information on Nektan can be found on the Group’s website at www.nektan.com

 

About Nektan:

Nektan is an international B2B and white label gaming software and services provider, operating in the regulated, interactive real money gaming (RMG) space, delivering original and innovative solutions to commercial organisations that have established online audiences.

Nektan’s full end-to-end technology platform, Evolve, simplifies and supports the route to mobile and desktop gaming revenues, managing the full customer experience and back-office operations, allowing commercial partners to focus on marketing the product to their consumers.

Nektan’s US operating subsidiary, provides US land-based casinos with in-venue mobile gaming solutions which allow operators to add mobile technology and content to their existing offerings, with products accessible to players across both cabinets and mobile devices inside the casinos. Respin has a strong intellectual property portfolio including game patents for Rapid Games™ (on-property mobile entertainment), and other captivating concepts and brands.

Nektan is headquartered in Gibraltar, regulated by the Gibraltar Licensing Authority and the UK Gambling Commission, as well as in the Irish market and maintains sales and customer support operations in its two primary geographical targets, Europe and North America.  The proprietary Evolve technology is developed and maintained by a talented and experienced team of employees from Nektan’s Indian office.

Nektan plc was admitted to the AIM market of the London Stock Exchange in November 2014.

 

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Bacta encouraged by Gambling Minister support for White Paper

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The UK’s Minister for Gambling, Baroness Twycross, has provided the clearest indication yet that the industry will not have too long a wait before the proposals on gambling reform contained in the White Paper are implemented.

Speaking at the Labour Party Conference Baroness Twycross underlined the cross-party support that the White Paper enjoyed before it was side-lined by the snap general election. She said: “In opposition we (the Labour Party) were broadly supportive of the Gambling White Paper and we do not believe that gambling is wrong in and of itself and we do recognise that most people who gamble do so safely but we absolutely believe that we need to strengthen protections to protect those that are at risk of gambling addiction and of harmful gambling.”

Answering a question from the floor she stated: “I am clear that people have been waiting for things to proceed for some time and I know from Civil Servants that they have some things that have been ready to go for a long time.

“It would be wrong for me to not speak to those involved in the sector before proceeding but I am clear that this will not be years of conversation before we start outlining the direction of travel, that this is something that is my absolute priority as a new Government Minister.”

George McGregor, Executive Director (Government Relations) at UK trade association Bacta, who attended the Labour Party Conference alongside Bacta President John Bollom was encouraged by what the Minister had to say. He stated: “This was the first occasion that the Minister had spoken about the gambling brief. Her reference points in terms of the timetable for implementation were weeks and months and the feeling in the room was that we have a Minister who is both pragmatic and proportionate.”

He continued: “Bacta’s contributions to the White Paper were all evidence-based and I am confident that our arguments including the commitments to safer gambling and our ability to contribute to the government’s growth agenda will resonate with the Minister. I am looking forward to developing further our social and economic case when we meet with Baroness Twycross on 3 October.”

 

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Soft2Bet CEO and Founder Uri Poliavich recognised Leader of the Year Award by SBC Awards

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Uri Poliavich Recognized Among Industry Leaders for Exceptional Leadership, Obsession with Innovation, and Dedication to Philanthropy

Soft2Bet, the leading iGaming turnkey solutions provider, announced that during the SBC Summit in Lisbon, Portugal, on Sept. 26, founder and CEO, Uri Poliavich, won the Leader of the Year award from SBC Awards, a leading event organizer and publisher in the iGaming industry. Regarded as one of the most prestigious awards in the gaming industry, Poliavich was selected for this honor based on his exceptional leadership, passion for innovation, and dedication to philanthropy.

Uri Poliavich’s exceptional leadership has been at the core of Soft2Bet’s innovative spirit since he founded the company in 2016. With his clear strategic vision and a commitment to fostering a cohesive team culture focused on growth and innovation, Soft2Bet has evolved from a small team into a leading global B2B and B2C iGaming company, developing revolutionary industry solutions. Over the past year, Soft2Bet has made significant investments and experienced massive growth with its innovative Motivational Engineering Gaming Application (MEGA), which has been proven to enhance retention and engagement.

Poliavich’s commitment to innovation extends beyond Soft2Bet. The company recently launched Soft2Bet Invest, a fund aimed at supporting growth-stage and mature companies harnessing pioneering technologies in casual gaming, AI, and high-margin gaming software solutions. With an initial fund of over $55 million, Soft2Bet is looking to collaborate with companies and educate participants at G2E about its vision for revolutionizing the iGaming industry.

In 2020, Poliavich established The Yael Foundation — named after his wife — to support and build Jewish schools in the diaspora. The foundation, which fuels his commitment to business growth and success, currently supports nearly 13,500 children across 83 schools in 35 countries.

“It is a great honor to be named Leader of the Year and for Soft2Bet to be recognized for their Innovation in Mobile and Casino Entertainment by SBC,” said Poliavich. “This recognition highlights Soft2Bet’s significant achievements in product development and global expansion over the past year, as well as our team’s commitment to raising the bar as a forward-thinking iGaming platform provider.”

“Through our SBC Leaders initiative and events, leadership is something we like to highlight with our audience,” commented Rasmus Sojmark, CEO & founder of SBC. “It’s clear how much the Soft2bet employees have been inspired by Uri over the past 12 months, so he was an extremely worthy recipient of one of our Leaders of the Year Awards. Here’s to another successful 12 months for the company.”

Now in its eleventh year, the SBC Awards recognize the achievements of operators, affiliates, and suppliers across all major disciplines, including payments, marketing, platform providers, and data.

 

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Freebies and Match Bonuses on Jackpot Capital Casino’s ‘God’s Festival’ Singapore Bonus Wheel This Month on three Oriental-themed slots

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Join Jackpot Capital Casino’s jet-setting Glamma in Singapore this month for an exciting celebration featuring vibrant parades, traditional dances, and rituals. Don’t miss your chance to spin the “Gods Festival” Bonus Wheel, offering players a wealth of rewards including Free Spins, a $24 bonus, 222% match bonuses, and more, across three mythological oriental-themed slots: Gods of NatureAncient Gods, and God of Wealth.

Step into the role of the God of Elements in Gods of Nature (Tian Di Yuan Su).  The Wild symbol in the game is the Spirit of the Sun, which can replace any symbol to create winning combinations, except for the Scatter symbol, represented by the Spirit of the Moon. Be vigilant for the Spirit of the Sun! Whenever this symbol appears in a winning combination, all payouts are doubled.

The Ancient Gods slot features up to 25 paylines and draws inspiration from ancient mythology. Symbols representing eastern animal deities include dragons, a phoenix, a tiger, and a tortoise. Keep an eye out for the scatter amulet, as it unlocks the free spin bonus. If you land 4 or more scatter symbols, you’ll activate this feature and gain access to multipliers during the free spins.

May luck be on your side in the God of Wealth slot. This game is rich with symbols of superstition and mythology from the Chinese culture. Players can activate a powerful Free Games feature by landing 3 or more scattered Gold Ingots, with each Ingot offering the chance to unveil up to 10 Free Games.  When the Doubling God of Wealth Wild lands on reel 3 during the feature, he will enchantingly change all Dragon, Tiger, or Ox symbols on the screen into additional laughing Wilds!

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