NEKTAN is a mobile business which develops, licenses and operates Real Money Gaming (RMG) and Freemium Gaming in global regulated markets. It is focused on the Casino and Bingo markets delivering innovative and unique touch gaming products, platforms and services for Commercial Operators, Land Based Operators and Brand Owners. NEKTAN's content and gaming technologies create new markets, acquire new players and access new revenue streams.

We support both iOS and leading Android handsets.

(NKTN:AIM)


http://www.nektan.com/

Trading Update
RNS
RNS Number : 4453T
Nektan PLC
20 July 2015



20 July 2015

Nektan PLC

("Nektan", the "Company" or the "Group")



Trading Update



Nektan PLC (AIM: NKTN), the leading international B2B mobile gaming platform and content provider, today issues an update on trading ahead of its results for the full year ending 30 June 2015. Nektan plans to publish its preliminary results for the period in late September 2015.



The Board expects FY2015 net gaming revenue to be approximately £0.5 million, with the adjusted EBITDA loss (excluding listing costs, exchange differences and non-cash charges relating to share based payments) to be better than expected, at approximately £5.5 million for the period, resulting from tight management of the fixed cost base.



The Company made considerable progress during the period in its target European and US markets, despite the delay in securing additional funding earlier in the year. This held back the Company's rate of investment and revenue growth in the second half, but investment has since resumed. The Board remains confident of achieving significant revenue and EBITDA growth, albeit at a lower level in the short term, from a more focused investment in the high growth and higher margin Real Money Gaming sectors. Our Freemium Gaming business, whilst remaining an exciting opportunity, will continue to be secondary in focus until we demonstrate its revenue and profit potential. In parallel, the drive for operating efficiency continues with cost optimisation programmes in place.



Key highlights for the period include:

· Strong progress across our key performance indicators in Real Money Gaming ("RMG") for H2 versus H1.

o White label RMG casino live partners increased to 20 (H1: 10)

o Net Gaming Revenue from RMG was £244k (H1: £115k)

o As a result of operational improvements, new payment methods and a growing portfolio of quality games, conversion percentage of registrations to first time depositors doubled

o The number of players making a deposit increased fourfold

o The successful launch of Sun Play in June 2015 in partnership with News UK, to develop and operate Sun Play, a best in class gaming and entertainment experience across mobile, tablet and desktop, on a multi-year contract

o Granted approval for both a software and a gaming licence for the UK market from the UK Gambling Commission

· Building tangible momentum in the US from our first mover advantage from Nektan's joint venture, Respin LLC ("Respin"), with Spin Games LLC. The first Respin gaming units deployed with US land-based casinos are Xtraspin wheels that allow casinos to provide additional bonus opportunities for their players playing slots in venue.

o Live in four land based casinos with 25 HTML5 enabled Xtraspin gaming wheels, across two states, Nevada and California

o A further 18 land-based casinos have currently contracted or signed letters of intent ("LOI") for delivery of in-venue mobile enabled gaming (H1: 10), with a strong pipeline of additional casino partners in existing and additional US states

o Early indications show an increase of more than 30% "coin in", the amount players deposit in slot machines that have the Xtraspin wheels installed

· The Company announced in April and May 2015 a new financing package totalling approximately £8 million, ensuring that the Company is well positioned to continue to execute on the strategy, scale the business and drive profitable growth.



David Gosen, Nektan's Chief Executive Officer, said:

"The combination of Nektan's mobile platform and leading HTML5 content continues to prove very attractive in our target European and US markets. Our strategy to penetrate both these markets remains unchanged and we are now prioritising higher margin Real Money Gaming as the growth engine to ensure the Group delivers profitable revenue growth and sustainable value to our shareholders.



Our focus is already delivering positive results with increases in our Real Money Gaming live partners and a growing pipeline. The number of depositors and net gaming revenues from our real money casinos have at least doubled in Q4 over Q3, all helping to ensure we grow sustainable lifetime revenues from players. In the US, with our joint venture partner, again we are seeing a growing list of casino partners as a result of clear demonstrable uplifts in performance from the Xtraspin installations. Whilst still early days, our first mover advantage combined with the growing number of casinos with signed letters of intent or contracts demonstrate our market potential."

Q3 trading update

SHARE PUNT OF THE WEEK: Mobile gambling firm Nektan is boasting some impressive figures
By City & Finance Reporter for the Daily Mail
Published: 21:51, 21 April 2017 | Updated: 21:51, 21 April 2017


Who is it? Headquartered in Gibraltar, Nektan develops, licenses and operates mobile games. It is particularly focused on the casino and bingo markets.
What's the latest? This week it reported gaming revenue jumped 63 per cent to £3.7million in the three months to March 31 compared to the previous year, while total bets grew by an impressive 235 per cent to 132.3million. 
At the end of March, the firm signed a partnership with casino games developer High 5 Games, which operates more than 70 games.


Who backs it? Nadigadda Sandeep Reddy, non-executive director and co-founder of Indian private equity firm Peepul Capital, has the largest stake in the firm at 19.6 per cent. 
Executive director Gary Shaw, who founded Nektan in 2011, holds a 16.2 per cent stake. 

Shaw is a proven entrepreneur who left publisher Johnson Press in 1994 to launch online app pioneer Hughes Rae before a long career in the online gaming market.
Why you should invest After a long period of decline last year and the first couple of months of 2017, the company has begun a turnaround. 
Shares have soared in recent weeks on the back of stellar results and high level appointments. 
The company's US subsidiary Respin Games secured its first major US contract last month, granting it access to the country's huge casino market.
...And why you shouldn't Tech firms can be cash-hungry and it can take a long time for profits to materialise.
 Online gaming is also a fiercely competitive area with hundreds of rival apps and very fickle consumers. Some investors may be uncomfortable with investing in gambling.

Nice opening rise.

bought 6-7-17 @ 22p amount i don't want to lose, follow the money, will hold
long term, ingredients are good for a takeover noting holders names not until 2020

NEKTAN ANNOUNCES PARTNERSHIP WITH METRIC GAMING TO PROVIDE SPORTS BETTING CONTENT IN THE US

Nektan plc (AIM: NKTN), an international B2B and white label gaming software and services provider, announces that it has signed a partnership deal with Metric Gaming ("Metric"), one of the most compelling and dynamic independent sports betting suppliers in the world, to provide Metric's betting content to the US market.

Through their respective U.S. operating subsidiaries, Metric Gaming LLC and Respin LLC ("Respin"), Metric and Nektan will be offering high quality horse racing and sports betting services via Respin's Rapid Games™ platform, the US casino gaming industry's only independently certified Class II (Protected Tribal Gaming Category) and Class III On-Premises Bring Your Own Device ("BYOD") mobile platform.

Last year, Rapid Games announced its first major contract with a Tier-1 US casino operator to launch its Rapid Games™.

Gary Shaw, Interim Chief Executive Officer of Nektan said:
"With last week's Supreme Court decision, the combination of Metric's leading sports and race products, and Nektan's Rapid Games Mobile Casino, creates a large opportunity for both companies working in partnership. The sector will look to a combination of sports and casino and having a partner combining both will create additional opportunities for both companies."

Martin de Knijff, Chief Executive Officer of Metric said:
"Last week's Supreme Court decision signals a sea change in the U.S. We are impressed by the Rapid Games™ platform, and believe that its multi-device approach gives our state-of-the-art horse racing and sports betting counterparts a price and functionality advantage over legacy based competitors in both the retail and iGaming spaces."

This company seem to be more focused on the on-line gaming (Casino, slots, bingo, poker etc) rather than the sports betting market, presumably this is why the sp didn't react to the US gaming law change the way other companies have?

proactive investor - Nektan shares advance as it enters US sports betting with Metric Gaming partnership
Share
13:15 23 May 2018
Companies will offer horse racing and other content

Mobile betting is now allowed on US sports after the Supreme Court's decision
Mobile gaming software group Nektan PLC (LON:NKTN) shares gained on Wednesday after news the firm has partnered with Metric Gaming to enter the US sports betting market.
Last week, the US Supreme Court lifted a federal ban on sports betting and numerous US states are expected to pass legislation to enable gambling across a whole range of events.
READ: US gambling shake-up stakes: the runners and riders
Broker Jefferies reckons the US market for legal betting on sport could be worth more than US$57bn a year.
Set up in 2013, Metric Gaming is a significant supplier of sports betting content around the world and in conjunction with Nektan will offer horse racing and other content.
Nektan’s Respin's Rapid Games platform already provides in-venue interactive betting to US casinos through its smartphone and tablet platform.
Gary Shaw, Nektan’s interim chief executive, said: "With last week's Supreme Court decision, the combination of Metric's leading sports and race products, and Nektan's Rapid Games Mobile Casino, creates a large opportunity for both companies working in partnership.
“The sector will look to a combination of sports and casino and having a partner combining both will create additional opportunities for both companies."
Martin de Knijff, Metric’s CEO added: "Last week's Supreme Court decision signals a sea change in the US.
“We are impressed by the Rapid Games platform, and believe that its multi-device approach gives our state-of-the-art horse racing and sports betting counterparts a price and functionality advantage over legacy based competitors in both the retail and iGaming spaces."
In early trading, Nektan shares soared over 40% higher to the day's peak of 32p, though by the afternoon those gains had been pared back to just 2.3% at 22.5p.

Cheers dc. So NKTN have only recently entered the sports betting market with Metric Gaming. Seems they might have to play catch up for a while.

Don't hold this Harry, do you ?

No, not at the moment. Hold GAN & WEB.

Cheers Harry.

Up 8.5 % today