Review of Nektan casino software
Nektan was an online betting software developer that built a name for itself by developing its own real money gambling games along with running a white label casino service that aggregated games from other providers. It also developed so called "freemium games", wherein players play titles for free but pay for upgrades and in-game perks.
Due to these freemium games, Nektan has been able to grow a decent base in restricted markets such as the United States, and have been able to get their games into major land casinos. The online operations for Nektan have also taken off, as the group is providing slots, table games, and bingo titles to groups like LeoVegas and Kerching.
Warning - Nektan in financial strife
Nektan (Gibraltar) Ltd announced that it was appointing an administrator in April 2020. Its shares were suspended from trading on the London Stock Exchange at a price of £0.85, down from £175 in 2015. The company cited a lack of working capital as the reason for going into administration. Players would be wise to withdraw any funds held at Nektan casino sites as soon as possible.
Update May 2020: Nektan vice president Jaydeep Chakravartty announced on his LinkedIn page that Nektan Plc has been renamed to Markor Technologies. Players and investors take note, and exercise extreme caution in dealing with this company.
Nektan's in house software library isn't huge or graphically impressive, but their games all seem to play very well on mobile devices, with bright colours and a touch interface that works very well with both smartphones and tablets.
Slots are the largest genre of games produced by Nektan, with the casino offering 23 titles as of the publication of this article. Game themes range from the whimsical (Elf & Safety) to historic (Mayan Marvels) to the adventurous (Heroic: Eye of the Dragon). The slots sport the usual features that you will find on traditional slots, with the developer fitting all of these into your mobile device's smaller screen.
Those looking for table games will find Blackjack and Roulette on offer, and while the games play very nicely, there really isn't anything that sets these titles apart from other mobile games by betting developers. The same can be said for Nektan's Bingo game, which is a fun, if somewhat unspectacular title.
Nektan is licensed in both Gibraltar and the United Kingdom, and the company also subjects its games to fairness testing by NMi, an outside auditor. This means gives us confidence that Nektan's games are fair and secure for players. The fact that the group answers to two different regulators was a good sign, but with news of the company's collapse, obviously not foolproof.
White label casinos
Nektan operated a white label casino service that allowed an operator to run a casino that was served on their infrastructure. We reviewed several of these casinos including Sapphire Rooms, Kerching, Seven Cherries, and Slots Devil casinos. While offering a diverse selection of games and the aforementioned licenses, all its white label casinos operated under a bunch of terms and conditions that were distinctly unfriendly for players. Withdrawals were held for at least 48 hours up to the limit of what regulators would allow, while the bonuses offered had high wagering requirements, low bet size limits, and a long list of games that were not allowed. Furthermore punters were not allowed to withdraw more than £2000 on a single day, or £5000 in a single month. It is little wonder that this business failed after deliberately treating its customers with such disrespect.
Nektan was a mobile gaming developer whose slots, table games, and bingo titles found their way across a wide swath of the globe. However it ultimately failed in an extremely competitive industry after forgetting to offer a product that was attractive to its most important customers: players.