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Nektan Sells Off Three Brands for £1.75 million

Mobile casino game developer Nektan has announced that they have sold off three of its gaming brands for £1.75 million, selling the brand to Buckingham HMB Ltd.

The casinos involved in the sale include Chomp Casino, Spin Princess, and Sapphire Rooms. The deal will see Nektan operating the brands under a white label licensing agreement, and will be paid a monthly royalty. Another £200,000 payment will be processed to Nektan shortly after the brands successfully change hands.

Nektan is based out of the United Kingdom and the company has put out a series of mobile games from developers such as NextGen, Net Ent, and more.

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2 replies • Last post

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bgsharpe
High Roller
sharpe's picture
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 2986
Thanks given: 924
Thanks received: 284
2 September 2016 - 8:33pm
#1

Well, I don't know if that particular deal is beneficial for Nektan or not, $1.75million could be a huge amount but the buyer gets 3 casinos so still not sure for which side the deal is more advantageous?

lvblck
Fortune HunterFortune Hunter
Location: The North
Joined: 6 Apr 2016
Posts: 1550
Thanks given: 100
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7 September 2016 - 10:50pm
#2

I have never cared about Nektan as their games ad casinos aren't allowed for my country players but I was thinking that for such deal they would get much more money.

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