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NEWS 7 January 2019

Nektan's total gaming revenue and cash wagering rise

By Tim Poole

Nektan has reported an 83% year-on-year increase in total gaming revenue, to £8.6m ($11m), for Q2 of its 2019 financial year.

The supplier’s total gaming revenue comprises both net gaming revenue from its B2C arm and gross gaming revenue from its B2B division.

Nektan’s cash wagering also rose by 74%, to £222.5m, with European EBITDA consequently projected to break even by the end of the financial year (30 June 2019).

Lucy Buckley, who became Nektan CEO in December, said: "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 on track to be profitable in our core European business by the end of this financial year.

"Looking back at this quarter and ahead, we are very excited about the size of partners we are now attracting."

RELATED TAGS: Financial
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