Nektan Reports Nearly 45% Revenue Growth in First Three Months

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Nektan Reports Nearly 45% Revenue Growth in First Three Months

Leading International Gaming Solutions and Services Provider Nektan Reports Continued Revenue Growth for the First Three Months

Nektan reported a 44.8% increase with net gaming revenue for the first three months of this gaming year. Net gaming revenues reported amounted at $7.2 million up until March 31st. Cash wagering seen an increase too by 43.8%. The gaming provider also reported that the number of first-time depositors declined by 5.4%. Nektan said they believe the decline is due to its continual focus being “the quality of the player and the spend.”

Gary Shaw, Interim Chief Executive for 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.

Shaw added,

“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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