NEKTAN TAKES COMPLETE OWNERSHIP OF RESPIN US
06th February, 2017 at 14:08:57
Realignment to International solutions provider strategy plays out.
B2B gaming solutions and services provider Nektan PLC has increased its share in Respin Inc. from 85% to take complete ownership of the US-focused, Class II mobile on-property mobile casino solution provider.
While Respin Inc. was initially a joint venture between Nektan and Nevada-based content developer Spin Games, full ownership enables Nektan to bring the North American business in line with its European division as it realigns as an International solutions provider.
In parallel, Nektan has strengthened its ties with Spin Games LLC with the signing of a games distribution agreement and supply relationship for Spin's portfolio of HTML5 mobile casino games
for the company's Rapid Bingo on-property mobile solution.
"Participating in North American digital gambling in a regulated manner is an important part of the Group's strategy and a market differentiator for Nektan," Leigh Nissim, chief executive officer of Nektan, said.
"Our Rapid Bingo on-premise solution is supporting this goal, by offering entertaining mobile gambling experiences for players within a casino, with a strong focus on Class II gaming which is a critical content category for US tribal casinos.
"Nektan's new strategic partnership with Spin Games LLC, both for Rapid Bingo and in the European Interactive cash gaming markets, brings Spin's high quality casino titles to new regulated markets and offers Nektan additional content to license to European commercial gaming operators".
Related News Tags: Europe, Mobile Gambling, USA