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Nektan plc has posted Earnings
Thursday October 15,2015 : NEKTAN LOSSES WIDEN
But Management remains positive on future growth.
Gibraltar-based mobile content and platform provider Nektan plc has posted its first set of public earnings (for the year to June 30) since its AIM listing in London last year, reporting a GBP 5.1 million loss but predicting strong growth going forward.
Management reported that significant progress has been made, although the numbers show a 72 percent decline in revenues to GBP 528 (2014: GBP 1.86 million)
The company reported an adjusted EBITDA loss of GBP 5.1 million (FY 2014: loss of GBP 3.4 million) and pre-tax losses of GBP 8.1 million.
Taking an optimistic view, Management reported that significant operational progress was achieved in the year and predicted strong growth through partnerships with operators like Sun Play mobile casino and joint ventures in the USA with Spin Games LLC.
CEO David Gosen, said that the company enjoys strong quarterly growth in Europe and good momentum in the United States through its joint venture Respin.
"Our pipeline remains very encouraging and, along with our existing partner base, emphasises the strength of our proprietary, scalable platform, content and sector expertise, all of which leave the group well-positioned to benefit from the opportunities available to us in a growing market," Gosen claimed.
"We remain confident in our outlook for the full year and beyond as Nektan continues to strengthen its position."
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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