Record quarterly revenue for Nektan

Record quarterly revenue for Nektan

Nektan has posted record quarterly revenue of £8.6m (€9.6m/$11m) for the final three months of 2018.

Published 7th January 2019

With player and acquisition marketing now managed in-house by Nektan, the company confirmed a 22% year-on-year increase in cash wagers.

In 2017, Nektan struck a deal to buy out its joint venture partners in Nektan Marketing Services in a deal worth £500,000.

Netkan said at the time that the “strategic transaction” would give the company the ability to take greater control of its players and marketing on behalf of its partners.

The Nektan Affiliates programme offers partners up to 35% revenue share across all brands.

The B2C white label managed casino solutions division remains Nektan’s key source of income, with net gaming revenue up 31.9% year-on-year to £6.2m.

“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,” CEO Lucy Buckley said.

“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.”

Buckley started as CEO in early December.