Nektan Has 41.6% Rise in Second Quarter Revenues

This story was published more than 2 years ago.

Internet gaming firm Nektan has released their second quarter 2018 financial results, noting that revenues rose 41.6% in the past year.

Key financial indicators for the quarter ending December 31st, 2017 were:

  • Net Gaming Revenue of £4.7 million, up from £3.3 million last year and up 21.9% from the first quarter
  • New depositing accounts up 4.8% to 36,907
  • Cash wagering up 19.8% to £127.8 million

Speaking about his company's performance Nektan Interim CEO Gary Shaw said, "Our core European business continued to progress as expected in Q2 FY18 with a number of further launches planned in Q3 FY18. Our strategy to move into B2B is paying off with initial revenue generated by the company."

"We look forward to announcing further positive updates across Nektan's business over the next few months, including on our platform deal with Tyche and our US business."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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11 January 2018 - 7:14pm
#1

Certainly these are great numbers for Nektan but like we could read from their CEO words they are not going to stop with that and rightly so of course, they become a huge brand lately I think.

auCL-Ed
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11 January 2018 - 11:46pm
#2

I find it a shame that a company running a bunch of mediocre white label casinos with terrible low withdrawal limits is apparently so successful.

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bgsharpe
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12 January 2018 - 9:15pm
#3

Yeah probably there's other factors like good marketing and probably advertising the right way which makes them popular amongst players I guess.