Nektan released its H1 performance and expressed strong growth performance for its B2C division.
The gaming group cited significant growth, around 48% for year-on-year comparisons for its white label operations. The company’s Chief Executive said the increase is a “landmark” for the company.
Net gaming revenues for the first half was $17.1 million. Net gaming revenues for Nektan’s 2017-18 financial year represented a 17.6% increase. Customer stakes rose by 36% to 346.2 million, but first-time depositors fell a little flat at 75,334. Cost of sales for the same period were up by 47.2% as well as gross profits.
One of the biggest highlights for the first six months is the BetVictor contract. The new CEO said, “Having signed some significant partnerships during the period, we are increasingly being seen as a major mobile and online casino technology business, providing premium gaming content from some of the best game developers in the world to some of the biggest gaming brands globally.”
Nektan also included in its financial update about its majority stake in Respin US’s subsidiary. The company said Nektan will keep a majority of its stake in the US and pursue the emerging market.