Internet betting group Nektan has posted their 2018 fiscal results, with the company noting strong Asian demand for their products as contributing to a 48.1% surge in net gaming revenues.
Key financial indicators for the year ending June 30th, 2018 were:
- Net gaming revenues of £19.4 million, up from £13.1 million last year
- Cash wagering up 43.4% to £559.8 million
- First time depositors up 20.4% to 156,703
During the last quarter of the year net gaming revenues amounted to £5.7 million, up 36.7% from last year. Cash wagering was up by 34%, reaching £162.9 million. Four new gaming partners were signed during the period, and they have released 13 new titles.
The company says that their revenues were strong related to a growing Asian market, which has been adopting the Nektan software suite for their products. The company forecasts continued strong performance in the market for the future, which gives them a positive outlook moving forward.