Nektan has hailed what it describes as a record quarter for the gaming technology platform and services provider, with total gaming revenue for Q2 FY2019 up by 83 per cent to £8.6m.
Cash wagering was up by 74.1 per cent to £222.5m, with the group pointing to the positive impact of a significant increase in the number of unique players on its B2B platform, with four new partners going live.
Nektan also stated it is on track to hot EBITDA break-even by June 30, 2019.
Lucy Buckley, who joined Nektan as CEO in December last year, 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 that is on track to be profitable in our core European business by the end of this financial year ending 30 June 2019.
“Looking back at this quarter and ahead, we are very excited about the size of partners we are now attracting. Our BetVictor contract win with this tier-one operator is a landmark for Nektan and we are proud to have them believe in the breadth and depth of our offering. The B2B figures continue to demonstrate the huge potential that that division has in fuelling our growth going forward.
“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.”
