Nektan Posts Third Quarter Financials

This story was published more than 2 years ago.

Internet casino game developer Nektan has announced that they've released their latest financial results, with the company's revenues up significantly from the year prior.

Key financial indicators for the third quarter ending March 31st, 2018 were:

  • Net gaming revenue of £5.1 million, up from £3.5 million last year
  • Cash wagering up 43.8% to £142.4 million
  • First time depositors down 5.4% to 36,359

Commenting on the results Nektan Interim CEO Gary Shaw said, "Our results clearly demonstrate Nektan's growing commercial and operational strength throughout international markets.

"The significant increase in net gaming revenues and cash wagering from our European white label business represents continuing growth momentum.

"This growth, at the same time as launching into new markets, underlines Nektan's strength of management and technical capabilities.

"Nektan is becoming one of the market leaders in both mature and emerging markets for our sector and, as the market expands over the next year and beyond, our technology will become even more sought after.

"We remain confident about our growth strategy and look forward to announcing further encouraging updates over the coming months."

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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12 April 2018 - 5:00pm
#1

Nektan is a well known name in the Hindus although maybe not amongst the very top of the list but the fact first time depositors stats have been down should probably worry them a bit although compared to the other figures in their report that perhaps looks insignificant.