Solid Third Quarter Reported By Nektan

SOLID THIRD QUARTER REPORTED BY NEKTAN

18th April, 2016 at 10:42:04
Source: http://www.azonlinecasinos.com

NGR up 115% to 2.3 million in quarter ended March 31, 2016.

Gibraltar-based online gambling provider Nektan plc has reported that, for the third quarter to 31 March 2016, net gaming revenue grew by 115% to 2.3 million, noting the following highlights:

* Total cash bets performed by players/turnover growth of 87% in Q3 to 56.21 million;

* Total player cash deposits growth of 76% in Q3 to 3.78 million;

* Total number of first time depositors increased 42% in Q3 to 15,628;

* Signed 11 new partners in the period;

* Increased capacity to launch new partners on the Evolve gaming platform from 4 a month to 6-7 a month;

* The Group announced in March 2016 a new fundraising totalling 2.93 million that puts in place additional working capital to support the strong growth being delivered in Europe.

Gary Shaw, interim CEO of the Nektan group said in a statement Monday:

"We are delivering significant growth and seeing strong momentum building across all key performance indicators in Europe, whilst we continue to make good progress on further reducing the cost base of the business. We remain confident on the outlook for the full year."

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