Provider of mobile gaming content Nektan PLC today posted preliminary information about its performance in the financial year ended June 30, 2016. The company’s management said that it expects a 160% growth in H2 net gaming revenue as compared to the figure reported for the first half of the year.
Total net gaming revenue of £4.2 million is expected to be posted for the six months ended June 30. In comparison, the amount of £1.6 million was generated during the previous six-month period.
Player numbers increased in similar fashion, according to the provider’s latest performance update. Total cash bets were up 129% in H2 to reach £104.1 million. The amount of £45.4 million was reported for the six months ended December 31, 2015. The number of first-time depositors rose 77% to 30,997 during the period in review. There were a total of 17,512 new depositors in the first half of the past fiscal year.
During the year in question, as many as 29 new partners joined Nektan’s network. The company said in its report that it has achieved “a number of important milestones” over the past 12 months that placed the provider in a favorable position for a continued growth.
During the year ended June 30, 2016, the company successfully migrated all players and B2B clients to its proprietary and completely new Evolve 2 platform. In addition, it added 110 new gaming titles by leading providers, with some of those being NetEnt, IGT, SciGames, etc.
Nektan also introduced Nektan Marketing Services with the aim of providing partners with services that would help them acquire more players and market their products in a more effective manner.
Commenting on the company’s performance over the past financial year, Chairman Jim Wilkinson said that Nektan’s progress could be described as encouraging. The official further noted that their strategy to build foundations for a continued growth has already resulted in numerous benefits, referring to the successful launch of the Evolve 2 platform. Nektan will now further focus its attention on expanding its reach not only across Europe but also in the US through its Respin LLC joint venture there.
As announced earlier this year, Leigh Nissim has been appointed as CEO of the gaming provider. Mr. Nissim is to assume his post on July 25.
