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Nektan PLC reports strong momentum in a trading update
Monday September 28,2015 : NEKTAN UPBEAT IN INDUSTRY UPDATE
Patented “Xtraspin Wheels” paying off.
B2B mobile gaming platform and content provider Nektan PLC reports strong momentum in a trading update ahead of the release of its full year results scheduled for mid-October 2015.
The company said its Respin joint venture with Spin Games LLC in the U.S. market is experiencing “considerable momentum” from its “first mover advantage”.
Respin’s patented “Xtraspin Wheels” gaming deployment, mobile technology enabled bolt-on modules for land-based slot machines, are now live in 12 casinos across California and Nevada, tripling since the end of June 30, 2015.
A further 22 land-based casinos have also been contracted or have signed letters of intent for delivery of an initial additional 130 Xtraspin wheels, the company said.
Real-money-gaming in Europe is delivering “strong and consistent” month on month growth across all key performance indicators with net gaming revenues in the month of August alone surpassing total revenues of the previous quarter.
Gary Shaw, Executive Chairman of Nektan, said:
"I am pleased with Nektan's continuing progress and the strong momentum in our key markets in Europe and the US.
“The Board remains confident that the Company is well placed to deliver further growth and build on the momentum. I look forward to further updating shareholders by mid-October in our results for the full year ended 30 June 2015."
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.
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