• Nektan Accumulates £7.1 Million in Investments

    18 May 2015

    Newspaper

    In the online gambling world, mobile has been the fastest-growing sector for several years in a row, and this is where all of the newest innovations are being made. Mobile software provider Nektan is one of the companies leading the charge in this particular arena, and they've built up a tremendous amount of momentum. This momentum has recently led to £7.1 million in financing from their latest round, and they have explicitly stated that these funds will be used to continue their growth.

    A great deal with The Sun

    One of the most important deals that they have made recently is with an agreement with The Sun in the United Kingdom. This agreement will have them offering a white-label solution through the end of 2015 where players can enjoy a wide range of mobile titles, and it's also one of the major sources of enthusiasm from their investors who have been more than happy to open their wallets for this brand. While this deal with The Sun is pretty big because of the name recognition that comes along with it, they've accomplished a lot more in several markets that many software providers haven't been able to penetrate to any meaningful level.


    Widespread Expansion Continues

    For example, Nektan has a minimum of 18 agreements in the United States in different markets. These agreements are mostly with tribal leaders, but a number of them are also in traditional commercial markets with licensed and regulated online and/or lottery-style gambling. Expansion in the US is key for their future because 2015 is looking to be the year that state-based online regulation of the industry blows wide open.

    They've also continued to push in Europe, and this is especially the case with their Evolve software platform. A total of more than 30 white label operators have signed on with almost half of those coming in the first quarter of this year.

    The Future of Nektan

    Nektan is a company that produces B2B software solutions for online gambling, specifically in the mobile sector. Their growth has been centered around providing a high-quality product and being willing to work with newly-regulated and soon-to-be-regulated jurisdictions instead of trying to skirt the laws in different areas. This strategy is proving to be effective, and the millions they are getting in funding shows that their future continues to look strong.


    Related News

    • Stakelogic to supply blox with its premium casino content

      Gambling News

      Stakelogic to Supply Blox with Premium Casino ContentIvan Stefanovic29 September 2021

      Online casino provider, Stakelogic, has begun a collaboration with Blox, which will increase the distribution of its popular and huge game library across the Italian market. According to the deal, operators who are part of the Blox platform will, for the first time, have access to the full portfolio of Stakelogic online slots and live dealers. This includes Viking Smash, Hero Clash, Sea God, Black Gold 2 Megaways, Raging Bison, Hot Joker, Joker Wild Blaster, Ultra Joker.

      Read full article
    • Yggdrasil to supply betway with its premium offering

      Gambling News

      Yggdrasil to Supply Betway with Premium OfferingIvan Stefanovic15 September 2021

      Yggdrasil intends to significantly expand access to its gaming library through a collaboration with well-known online casino and sports betting provider, Betway. According to the agreement, the supplier will provide its portfolio to the operator across various regulated markets, including the United Kingdom, Germany, which recently opened the market to licensed online casinos.

      Read full article
    • Swedish player hit a massive 3 8 million jackpot on microgamings slot

      Slot Winners

      Swedish Player Hit a Massive €3.8 Million Jackpot on Microgaming’s SlotIvan Stefanovic09 September 2021

      A leading and well-known casino provider, Microgaming, announced that its online slot Ancient Fortunes: Poseidon WowPot Megaways, raffled off a huge jackpot of €3.8 million at the Videoslots platform. A lucky Swedish player generated a massive win just few days after this game was released on the developer’s operator sites. The Second-Largest Win

      Read full article