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Nektan Q2 Trading Update – Record Quarterly Revenues Combining B2C and B2B Divisions
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Nektan plc (AIM: NKTN), the fast growing international gaming technology platform and services provider, is pleased to announce another record quarter for the second three months of the financial year ending 30 June 2019 (Q2 FY19).
The figures stated below are all unaudited.
Group Total (B2C & B2B, excluding US)
Q2 FY19 | Q1 FY19** | Change | Q2 FY18** | Change | |
Total Gaming Revenue* | £8.6m | £6.7m | 28.4% | £4.7m | 83.0% |
Cash Wagering | £222.5m | £182.4m | 22.0% | £127.8m | 74.1% |
*NGR from B2C and GGR from B2B
**adjusted using new GGR
Highlights
- KPIs Update:
-
- Total Gaming Revenue increased 28.4% to £8.6m in Q2 FY19, up from £6.7m in Q1 FY19 (up 83% on Q2 FY18).
- In Q2 FY19 Nektan’s technology generated over £222.5m in Cash Wagers, up from £182.4m in Q1 FY19, representing an increase of £40.1m (22% growth).
- Growth driven by a significant increase in the number of unique players on the B2B platform, helped by 4 new partners going live.
- Premium gaming content added across both B2C and B2B divisions.
- Additional partners signed up across both B2C and B2B divisions, including BetVictor in B2B.
- EBITDA break-even on track:
- Growth trajectory should result in European EBITDA break-even by the end of FY19 (30 June 2019).
- Board:
- Lucy Buckley joined as Chief Executive Officer on 3 December 2018.
Excluding the Company’s US division, the combination of both its B2C and B2B divisions has seen this latest quarter deliver stronger than expected growth, leading to record quarterly revenues. The higher margin B2B division has been a particular standout with significant increases in commercial partnerships, player numbers and cash wagering, with the highlight being Nektan’s new partnership with global tier-one online gaming company, BetVictor.
As a result of the new revenues from the emerging B2B division, the quarterly trading updates will now report the Total Gaming Revenue which includes the industry standard Net Gaming Revenue (NGR) from B2C and, due to the global nature of the B2B business, the Gross Gaming Revenue (GGR) from B2B.
Nektan aggregates and delivers premium casino content from the industry’s leading game providers which, using its proprietary technology, it delivers as either a fully managed white label casino solution to its B2C partners or as a content distributor to its B2B partners. Nektan’s white label solution is delivered via its Evolve platform, while the E-Lite platform distributes cutting-edge content. Both platforms leverage Nektan’s market leading bonusing and business intelligence tools.
B2C White Label Managed Casino Solutions Update
Q2 FY19 | Q1 FY19 | Change* | Q2 FY18 | Change* | |
Net Gaming Revenue (NGR)** | £6.2m | £6.4m | -3.1% | £4.7m | 31.9% |
First Time Depositors (FTDs) | 36,328 | 38,981 | -6.8% | 36,907 | -1.6% |
Cash Wagering | £168m | £178.3m | -5.8% | £127.8m | 31.5% |
*calculated using underlying, non-rounded figures
- Higher than expected player wins and bonusing led to small decline in B2C NGR.
- Launched new white label casino partners, notably the Shipley Brothers, taking the number of managed global casino brands to a record of 145 across Europe.
- Considerable enhancements to Nektan’s technology platform including new Content Management System tool, New Partner Request Console
- Player and acquisition marketing now managed in-house by Nektan.
- Swedish Gambling Licence application submitted to operate online casinos in the newly regulated market.
B2B Platform and Distribution Update
Q2 FY19 | Q1 FY19 | Change* | Q2 FY18 | Change* | |
Gross Gaming Revenue (GGR) | £2.4m | £0.3m | 700% | N/A | N/A |
Unique Players | 77,961 | 4,079 | 1811% | N/A | N/A |
Cash Wagering | £54.5m | £4.1m | 1229% | N/A | N/A |
Number of Partners Live | 10 | 6 | 66.7% | N/A | N/A |
*calculated using underlying, non-rounded figures
- Nektan went live with 4 new operators, including BetVictor and 1xBet, taking the total number of B2B partners to 10.
- Two new sheltering deals agreed with Habanero and Spin Games.
- Nektan’s B2B division is benefiting from its speed of integration and breadth of premium gaming content leading to significant global sales pipeline of B2B partners.
Gaming Content Update
- Nektan’s first co-developed game with Rising Entertainment, Rank Up Dragon launched in December 2018 across Nektan’s 145 B2C white label sites and will be launched across Nektan’s B2B partners in Q3 FY19. It has become a top performing game across Nektan’s B2C network.
- More higher margin co-developed titles expected to be launched in the coming months.
- NetEnt’s new Live Dealer product launched across Nektan’s B2C white label casinos.
- Nektan continues to position itself as a leading distributor of market-leading casino content:
- In Q2 FY19 Nektan signed up new game studios, including Aspect, Probability Jones and The Games Company.
- The total number of available games increased to over 750 (700 in Q1 FY19, an increase of 7%), from a total of 27 games providers.
North America Update
- Nektan’s US subsidiary, Respin LLC (Respin), continues to make commercial headway in US Class II and Class III markets for mobile ‘On Premise’ gaming:
- Signed an agreement to launch Respin’s on premise digital gaming platform and games with another California based tribal casino, expecting to go live with real money gaming offered on mobile and smart table devices in February 2019.
- Respin secured agreements with Leap Virtual Sports and with Grand Vision Gaming (owned by Century Gaming Technologies), the leading supplier of Keno content in North America, to offer their content via Respin’s mobile platform for Class II and Class III gaming.
- In December 2018 Respin launched a free-to-play version of the Respin platform at a casino based in Oregon. The platform is powering 4 smart tables and is being marketed to customers as a training tool and way to create interest for an eventual launch of the real money version of the platform.
- Launch of tier-one casino, based in California, now due to go live in January 2019 (previously due to go live in Q2 FY19).
- Nektan recently announced that it is in advanced discussions to sell 57.5 per cent of the issued share capital of its US subsidiary, Respin, to a third party for total consideration of £2.0 million in cash as well as the provision of £300,000 in working capital to Respin by the investing entity. If concluded, this would reduce the cash burden on the wider Group. These developments remain ongoing but are expected to be concluded before the end of Q3 FY19.
Lucy Buckley, Chief Executive Officer of Nektan, said:
“This record-breaking quarter for the Group has not only highlighted that we have made significant enhancements to our technology, but we are becoming a firmly established business that is on track to be profitable in our core European business by the end of this financial year ending 30 June 2019.
Looking back at this quarter and ahead, we are very excited about the size of partners we are now attracting. Our BetVictor contract win with this tier-one operator is a landmark for Nektan and we are proud to have them believe in the breadth and depth of our offering. The B2B figures continue to demonstrate the huge potential that that division has in fuelling our growth going forward.
Another significant highlight from the end of the last quarter was the announcement of potential external investment in our US business. Once completed, we believe these developments will put Nektan in its strongest and most secure position to date.”
For further information on the Group, please contact:
Nektan
Lucy Buckley, Chief Executive Officer Gary Shaw, Executive Officer |
+44 20 3463 8735 |
Stockdale Securities Limited (Nominated Adviser and Joint Broker)
Tom Griffiths / Ed Thomas |
+44 20 7601 6100 |
Smaller Company Capital Limited (Joint Broker)
Rupert Williams / Jeremy Woodgate |
+44 20 3651 2911 |
Nominis Advisory (PR Adviser)
Angus Campbell |
+44 7 881 625 098 Email: [email protected] |
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 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.
Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Nektan Q2 Trading Update – Record Quarterly Revenues Combining B2C and B2B Divisions
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The Untapped Potential of Localised Support January 2024

Objective: Examine how customer experience shapes player retention and brand loyalty in iGaming, placing emphasis on the role of localised, high-quality support.
Outline:
- Introduction: The growing focus on customer experience as a differentiator in iGaming.
- The Value of Localised Support: Exploring how cultural nuances and language fluency enhance player satisfaction.
- Flexibility in Resource Allocation: Meeting fluctuating demand without compromising quality.
- Future Trends: How advancements in technology and localization will shape the next era of player engagement.
Questions for Exploration:
- How does high-quality, localised support impact player satisfaction and retention?
- What role does cultural understanding play in shaping effective customer interactions?
- How can operators balance flexibility with consistency in customer support?
- What emerging trends in customer experience should iGaming businesses prepare for?
Answer:
In the rapidly evolving iGaming industry, players have more choice than ever before—whether it’s brands, slots, game types, payment options, the list goes on. With so much competition, customer experience is quickly becoming a significant differentiator for operators. The ability to deliver a seamless, player-centric experience across multiple jurisdictions is not just a competitive advantage but a necessity in retaining players in this growingly saturated market.
Customer experience today goes far beyond just problem-solving for players. It encompasses proactive, personalised engagement, meaningful recommendations, and a culturally resonant approach. The operators that succeed in this space are those who maintain high standards across these elements, delivering them in a timely and localised manner. Localisation, in particular, is a key factor in turning good customer service into exceptional customer experiences.
So, why is localisation so important? At its core, successful customer support is built on trust. But building trust across diverse jurisdictions is not something that can be achieved through a single, uniform strategy. Methods of communication are a prime example. In Brazil, where the newly regulated market is flourishing, players may expect warm and conversational interactions. In contrast, many European players often favour more concise and formal communication. Recognising and adapting to these cultural nuances allows operators to foster a stronger connection with their entire player base.
Beyond communication style, localisation also plays a critical role in regulatory compliance. The iGaming industry is highly fragmented in terms of regulations, and players are increasingly aware of their rights. A customer service team that understands local legislation implicitly adds immense value, ensuring compliance while delivering tailored support. This not only reinforces trust but also strengthens the player’s respect for the brand.
At the same time, operators face the challenge of balancing high-quality customer support with the flexibility needed to respond to fluctuating demand. This is where RokkerX delivers measurable value. By offering scalable resource allocation and rigorous cross-functional training, we ensure our teams can adapt to surges in demand; whether it’s a major sporting event in a specific jurisdiction or global-scale activity, without compromising on quality. Our teams remain aligned with the core values of our clients’ brands, ensuring a customer-centric approach at all times.
Looking ahead, the iGaming industry is poised for further transformation, driven by advancements in technology and localisation. At RokkerX, we are committed to staying at the forefront of these changes to help our clients deliver exceptional experiences. Trends like the growing prominence of omnichannel communication, including social media and in-app messaging, and advancements in natural language processing (NLP) will enable operators to communicate with even greater precision and cultural nuance. Yet, the future will demand more than just technology. The ability to strike the right balance between tech-driven solutions and the human touch will be essential in creating meaningful connections with players.
As the industry evolves, the blend of cutting-edge technology, cultural understanding, and human expertise will define the next era of player engagement. By staying ahead of these trends, RokkerX ensures our clients are not only prepared for the future but thrive in it.
The post The Untapped Potential of Localised Support January 2024 appeared first on European Gaming Industry News.
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Innovations Redefining iGaming: What Operators Need to Know

The iGaming industry is advancing at breakneck speed, driven by technological innovation and evolving player expectations. Itai Zak, Executive Director of iGaming at Digicode, emphasizes the importance of bridging client aspirations with customized business solutions. Key trends shaping the future of iGaming include live dealer games, blockchain integration, artificial intelligence (AI) and machine learning (ML), enhanced personalization, and shifting regulatory environments. Let’s delve into how these trends influence the industry, presenting new opportunities while paving the way for future growth.
A Closer Look at Emerging Trends
- Live Dealer Games
Live dealer games are revolutionizing the online gaming experience, blending the best aspects of land-based casinos with the convenience of virtual gaming. Players can now engage with real-life dealers via high-definition video streams, enhancing the social component of online gambling. This bridge between physical and virtual casinos introduces interactive features like live chat and immersive gameplay. Industry leaders like Evolution Gaming and NetEnt are setting new standards in player engagement with innovative game formats and top-tier studio setups, redefining the realism and appeal of live gaming.
- Blockchain and Cryptocurrency Integration
Blockchain technology is transforming iGaming by offering unparalleled transparency and security. With blockchain’s ability to enable provably fair gaming, players can verify that each round is fair via an immutable ledger. Cryptocurrencies like Bitcoin and Ethereum facilitate faster, more secure transactions, catering to tech-savvy players who value privacy. Platforms like Bitcasino.io are leading the way, leveraging blockchain to ensure fairness and seamless payments. However, the rise of blockchain also attracts regulatory attention, requiring operators to balance innovation with compliance as governments navigate this new technology.
- Artificial Intelligence and Machine Learning
AI and ML are instrumental in enhancing player experience and operational efficiency. AI algorithms analyze player behavior in real-time, offering personalized game recommendations and promotions. Additionally, AI-powered chatbots provide instant customer support, improving user satisfaction. AI-driven predictive analytics also help operators fine-tune marketing strategies based on player preferences. Companies like Bet365 are already using these technologies to stay ahead of the competition, offering more personalized and efficient gaming experiences.
- Richer Personalization and Engagement
Personalization has become crucial for iGaming operators looking to boost player satisfaction and retention. By leveraging data analytics, companies can offer tailored game recommendations, dynamic bonuses, and individualized promotional offers. This level of engagement enhances the player experience and strengthens loyalty. Industry pioneers like DraftKings and FanDuel push the envelope by offering highly customized features, such as personalized fantasy sports leagues and bespoke betting options.
- Regulatory Changes and Market Expansion
The constantly evolving regulatory landscape offers both challenges and opportunities for iGaming operators. As more regions legalize various forms of online gambling, companies gain access to new markets. With their large populations and increasing internet penetration, emerging markets like Brazil and Nigeria represent lucrative opportunities. However, navigating the diverse regulations in these markets requires agility and strict compliance with local laws to succeed.
- Enhanced Payment Solutions
With digital transactions becoming the norm, the demand for fast, secure, and flexible payment methods is skyrocketing. From digital wallets to instant banking and cryptocurrencies, players expect payment solutions that offer convenience and security. This growing demand is driving innovation in payment processing, giving operators more opportunities to streamline the transaction process while building trust with users.
Future Implications
The Expanding Role of AI and Blockchain
AI and blockchain are not just current trends, but they are poised to play an even more significant role in iGaming’s future. As AI technology evolves, more sophisticated algorithms will emerge, enabling real-time adaptation to player behavior and preferences. Blockchain’s application may extend beyond transparency and security, transforming game mechanics and player interactions potentially redefining how games are designed and played.
Shifting Player Preferences
Player expectations will continue to evolve toward immersive, interactive experiences. As Virtual Reality (VR) and Augmented Reality (AR) become more mainstream, they will significantly influence the future of iGaming. Players will demand more engaging, lifelike environments, pushing the industry to create innovative game formats and features that offer deeper immersion and entertainment value.
Regulatory Developments
The regulatory environment will continue to evolve, and iGaming operators must stay agile to navigate future changes. New regulations may increasingly emphasize responsible gaming and player protection, influencing platform design and operational practices. A more harmonized regulatory framework across jurisdictions could provide stability while requiring operators to prioritize compliance.
Integrating Emerging Technologies
Technologies like 5G and edge computing are set to revolutionize iGaming by enabling faster, more reliable connectivity. This will allow for more complex game designs and real-time player interactions, opening new avenues for innovative gaming experiences. As these technologies mature, operators will have greater opportunities to differentiate their offerings. The potential of these emerging technologies to revolutionize iGaming is truly exciting and promising for the industry’s future.
Final Thoughts
The iGaming industry is on the cusp of significant transformations, driven by technological advancements and shifting player demands. Innovations like live dealer games, blockchain integration, AI, ML, and enhanced personalization are just the beginning. As the industry evolves, staying ahead of these trends will be critical for operators looking to thrive in an increasingly dynamic environment.
At Digicode, we are constantly exploring new technologies and refining our solutions to meet the evolving needs of our clients. Our focus on adaptability and foresight ensures that our clients are not just keeping pace with the industry—they’re leading it.
The post Innovations Redefining iGaming: What Operators Need to Know appeared first on European Gaming Industry News.
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What makes Turbo Games’ provably fair games so special?

A partnership between game developer Turbo Games and iGaming solution provider and aggregator Slotegrator began in November 2022 via the APIgrator game integration solution. Since then, the collaboration has been developing successfully — and now it’s time to analyze what made it successful.
Turbo Games has noticed how the new technologies spreading throughout the industry can work for the good of brand transparency and player loyalty: “We can already see how blockchain technology has made it possible to make betting checks more accessible to players. All you need is a blockchain-hash and a decoder service. We think we will continue to move in this direction. Many traditional online casinos do not offer the possibility to check the bet. Sooner or later we all have to come to this. Perhaps the development of artificial intelligence will help here, because we are already seeing its involvement in all spheres of human life.”
Turbo Games specializes in provably fair games. Provable fairness is a concept where players can verify their wins or losses using blockchain technology — the outcome of the game is dictated by a smart contract and is absolutely random, barring the possibility of any human involvement. Using cryptographic hashing algorithms, the gambling site and the player’s device both generate seeds (random strings of numbers). Players receive a key that allows them to check the results; if the results are the same as the game round they witnessed, it proves that there was no foul play.
According to statistics from Turbo Games, the audience for provably fair games is mostly between 18 and 25 years old. However, there are also players aged 35-40 who prefer traditional games but would like to try something new, and have turned their attention to provably fair games.
There are good odds that the technology of provably fair games will become more popular, if not even commonplace, because it gives players a feeling of transparency and proves that the business is trustworthy without the need to search through dozens of reviews. Whereas many innovations in iGaming simply add entertainment, provable fairness addresses security concerns and reassures players that they’re not being exploited, which is invaluable.
Provably fair games are beneficial for both players and online casinos. Vadim Potapenko, Head of Sales at Turbo Games, comments: “It often happens that the users are not satisfied with the result, because gambling is not only about big wins, but also possible losses. By allowing them to check the fairness of a bet, we make life easier for platforms and players. Of course, this allows us to communicate with partners and users that we work honestly and that’s why they should trust our games.”
Ayvar Gabidullin, Business Development Manager at Slotegrator, adds that “this type of game is now becoming more and more popular and has great potential for both players and game providers in the future. On the part of the player, the advantage is that the player can always be sure that his game is fair and he can independently check any of his bets. And for the game provider, this also simplifies the process of implementing casino games, since now it will not be necessary to obtain the appropriate certificates from independent laboratories before launching new games, they can immediately enter the market with these games and where anyone can check the result and make sure that that there is no cheating with players. Many game providers are starting to look towards this type of game. And as far as I see, many operators are starting to think about adding these games.”
What do players in 2023 need? The iGaming industry is all about reputation and trust. Players have a huge number of platforms to choose from, making them pickier and pickier. There’s an abundance of forums where players leave reviews, so if players view a brand as untrustworthy, there are plenty of places they can share their opinion. Provable fairness not only stops that from happening, it provides evidence to the contrary, giving players something else to talk about.
Slotegrator also recommends investing time and effort into localization and creating an effective and detailed marketing strategy — before trying provably fair technology players need to get to the platform, and there is no acquisition without marketing.
ABOUT SLOTEGRATOR
Since 2012, Slotegrator has been one of the iGaming industry’s leading software and business solution providers for online casino and sportsbook operators.
The company’s main focus is software development and support for online casino platforms, as well as the integration of game content and payment systems.
The company works with licensed game developers and offers a vast portfolio of casino content: slots, live casino games, poker, virtual sports, table games, lotteries, casual games, and data feeds for betting.
Slotegrator also provides consulting services in gambling license acquisition and business incorporation.
More information: https://slotegrator.pro/
ABOUT TURBO GAMES
Turbo Games — a provably fair games provider that belongs to Turbo Stars company — has an ambitious goal to establish widespread recognition throughout the iGaming world. Even though it is young, the company consists of professionals who have been working on the brand for over five years and are even planning to introduce a new brand for a wider audience soon.
Turbo Games also works in Europe, India, and South Africa, where the company sees the most potential and expects the same “hype” as in Brazil.
The portfolio of Turbo Games consists of 21 titles, including well-known games like Mines, Crash X, DoubleRoll, Hi-Lo, and Plinko. The studio releases a game every month. However, not all games are developed from scratch. Wicket Blast and Spin Strike, the last two releases, are based on cricket and the Indian Premier League. Crash X remains the most popular fast game in the Turbo Games portfolio, and the studio reports that crash games enjoy stable levels of popularity. Overall, the main focus of the brand is provably fair games.
More information: https://turbogames.io/
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