Growing beyond its upstart status, NEKTAN now ranks as a leading provider of B2B casino technology. Expanding throughout international markets, the brand has now posted its financial results for Q3, with it reporting significant growth pretty much across the board in the process.
Player Cash Bets On The Rise
Looking at the figures, it is evident that NEKTAN is flexing financial muscle within the real-money gaming sector. Net gaming revenues grew to £2.3 million, showing a 115% increase on the £1.07 million figure posted this time last year. NEKTAN also revealed that total player cash bets were on the rise, growing by 87% to £56.21 million, which represents an impressive jump on the £30.03 million that was posted during Q2. Cash deposits were also on the rise, totalling £3.78 million, representing a 76% increase. First time depositors were up 42%, with over 11,000 new depositors trying NEKTAN products on for size. For NEKTAN the numbers arguably speak for themselves, as the developer has shown its ability to progress and grow over the past 12 months.
New Partners
How NEKTAN has been able to push forward is simple, it has signed agreements with a whole host of new partners. Allowing NEKTAN to increase its all round audience, through the Evolve platform, they have made it easier than ever to welcome new partners into the fold. Moving forward the company has said that it plans on building on the level of momentum generated by expanding further as 2016 moves forward. Commenting on the company’s plans for the future Gary Shaw (NEKTAN Interim CEO) said they plan to continue delivering growth across all key indicators, remaining confident that the company can achieve its five-year goal.