Nektan, an international B2B and white label igaming software and services provider, has seen a boost in net gaming revenue for Q3 2018.
The company, which sees its financial year start mid-year, saw net gaming revenue increase by £5.1m, increasing by 8.2 per cent compared to Q2 2018.
The company also launched 18 new sites and five new partners in the period. It is now operating with a total of 111 brands from 49 partners with plans to launch up to 20 new sites from both existing and new partners throughout the quarter, which ends on June 30.
Gary Shaw, interim chief executive officer of 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. I am particularly pleased with our ability to expand, deploy and support in multiple geographic markets during this period from our stable, centralised cost base, delivering incremental revenue growth to the group.
"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.”
