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/

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