Published
OnlineCasinoIndustry

Nektan sells UK B2C business

Nektan has sold its UK B2C business for £200,000 ($262,400) as it continues its restructuring process.

nektan logo

In August, Nektan Founder and Executive Director Gary Shaw – who is also currently serving as Interim CEO – told Gambling Insider the departure of CEO Lucy Buckley was related to the business’s restructuring.

The supplier’s focus is currently moving away from markets like the UK and more towards Asia.

To that end, Nektan has sold its B2C business to Grace Media – part of the Active Win Group – to facilitate continued delivery of its B2C services to white-label partners.

It will receive monthly royalties from Grace Media through a B2B partnership with the company.

Shaw said the deal is “very reassuring to all stakeholders involved," despite Nektan appointing administrators to facilitate the sale.

Nektan’s shares were recently suspended from trading on the London Stock Exchange after the firm missed the deadline to publish its audited annual report and accounts for the year ended 30 June 2019.

However, this was also attributed to the lengthy restructuring process by the supplier.

Premium+ Connections
 
Premium

Galaxsys

 
Premium

RISK

 
Premium

Digitain

 
Premium

GammaStack

 
Premium

PIN-UP Partners

 
Premium

Lynon

 
Premium

1xBet Partners

 
Premium

Sport Generate

 
Premium

Imagine Live

 
Premium

Revsharks

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...