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."