Nektan cites platform improvements as Q2 revenues soar
New game releases also drive 260% YoY rise in revenues for the three-month period ended 31 December
Nektan has reported triple-digit revenue growth for the last three months of 2016, as the B2B provider benefited from improvements to its proprietary platform.
During the three-month period ending 31 December 2016 (Q2), the platform provider saw its net gaming revenue (NGR) increase to £3.6m, a 260% rise on the £1m reported in the same period last year.
NGR also grew 71% on the previous quarter, which totalled £2.1m for the period, while first time depositors were up 220% YoY to 35,215 for the period.
Cash wagering increased by 235% during the period to £106.7m, up from the £31.9m recorded in Q2 2016.
Total transactions processed for the three-month period reached 122.7 million, a YoY increase of 207% (40 million) and a quarter-on-quarter rise of 100% (61.2 million).
Leigh Nissim, chief executive officer at Nektan, said the company’s strong performance was aided by improvements to the firm’s proprietary core platform, Evolve.
During the second quarter, Nektan introduced new casino games from BluePrint Gaming, Gamevy, DC Comics and Microgaming.
Its internal content management system was also upgraded, while its gaming site load speed improved by 40% and deeper platform bonus features all designed to improve the customer experience.
“In Europe, our trading momentum in Q2 has been excellent, largely as a result of product and service improvements and the addition of engaging casino games and of new high quality casino partners,” said Nissim.
“We continue to focus on optimising our casino network to deliver profitable growth.
“Whilst in the US, owning more of our North American business, Respin, brings the business closer to the Group and helps better leverage the products and assets of both businesses for mutual success.”