TIDMNKTN
Nektan PLC
29 March 2017
29 March 2017
Nektan PLC
("Nektan", the "Company" or the "Group")
Nektan to become High 5 Games' real-money casino games
distributor in Europe and Canada
Nektan PLC (AIM: NKTN), a leading international B2B gaming
solutions and services provider, has signed a partnership agreement
with leading casino games developer High 5 Games ("H5G").
Under the terms of the agreement, Nektan has become the
distributor of H5G content for real-money gaming in Europe with
exclusive rights to the H5G casino catalogue. Nektan will also
expand the current real money gaming distribution of H5G's casino
catalogue by making the content available in Canada as well. Since
it was founded in 1995, H5G has created many of the industry's most
acclaimed and popular slot titles across land-based, online and
social gaming markets. It has a portfolio of more than 70
interactive games for real-money gaming live in European markets,
including proven hits such as Secrets of the Forest, Hoot Loot,
Golden Knight and Shadow of the Panther.
Pursuant to the terms of the agreement, Nektan will immediately
assume responsibility for the management of H5G's technology and
games in Europe. Nektan will also have the right to port H5G's
existing flash games portfolio and back catalogue into HTML5 for
mobile distribution and bring the licensing infrastructure under
its own. Nektan will also take responsibility for all existing H5G
European interactive customer relationships. The H5G portfolio of
games will be integrated to Nektan's managed casino network. The
terms of the partnership are subject to a transitional period where
the parties will confirm regulatory approval and final operating
details.
The addition of the H5G casino games to Nektan's European
distribution portfolio complements Nektan's existing agreement with
Spin Games. Both partnerships significantly strengthen Nektan's B2B
business, which leverages the Group's multi-geographic assets,
expertise and reach, by delivering a set of services and solutions,
from games licensing to software, across European and North
American markets. The Group expects to add further high-quality
studios and games to the distribution platform, which is powered by
Nektan's proprietary games engine, Evolve Lite, which includes
meta-game player engagement features, such as free spins and
jackpots with tournaments and achievements to follow shortly.
Leigh Nissim, CEO of Nektan, said:
"Adding High 5 Games' casino content to Nektan's games network
brings some of the most innovative and proven games on the market
to our distribution platform, significantly broadening and
strengthening our offering across US and European markets. This is
an important development for Nektan as it marks a significant step
towards our goal of becoming an international, top tier gaming
solutions and services provider."
Anthony Singer, CEO of High 5 Games, said:
"Nektan is continuing to deliver on High 5 Games' clear and
convincing, results-oriented strategy of delivering great games
everywhere, which is already creating new and exciting
opportunities on both sides of the Atlantic. Nektan's fast and
flexible distribution model will maximise exposure of H5G's proven
slot content, driving revenues in the industry's most important
regulated markets, furthering our expansion as a leading content
solutions company."
For further information on the Group, please contact:
Nektan via Newgate below
Leigh Nissim, Chief Executive
Officer
Patrick Sinclair, Chief
Financial Officer
Stockdale Securities Limited Tel: +44 20 7601 6100
Tom Griffiths / Ed Thomas
Newgate (PR Adviser) Tel: +44 20 7680 6550
James Benjamin / + 44 7747 113 930
Email: nektan@newgatecomms.com
About Nektan:
Nektan is a leading international B2B mobile gaming solutions
and services provider, operating in the regulated, interactive real
money gaming (RMG) gaming space, delivering original and innovative
solutions to commercial organisations that have established online
audiences.
Nektan's full end-to-end technology platform, Evolve, simplifies
and supports the route to mobile and desktop gaming revenues,
managing the full customer experience and back-office operations,
allowing commercial partners to focus on marketing the product to
their consumers.
Nektan's US operating subsidiary in partnership with Spin Games,
Respin LLC, provides US land-based casinos with in-venue mobile
gaming solutions which allow operators to add mobile technology and
content to their existing offerings, with products accessible to
players across both cabinets and mobile devices inside the casinos.
Respin has a strong intellectual property portfolio including game
patents for Rapid Games(TM) (on-property mobile entertainment), and
other captivating concepts and brands.
Nektan is headquartered in Gibraltar, regulated by the Gibraltar
Licensing Authority and the UK Gambling Commission, as well as in
the Irish market and maintains sales and customer support
operations in its two primary geographical targets, Europe and
North America. The proprietary Evolve technology is developed and
maintained by a talented and experienced team of employees from
Nektan's Indian office.
Nektan plc was admitted to the AIM market of the London Stock
Exchange in November 2014.
Further information on Nektan can be found on the Group's
website at www.nektan.com
About High 5 Games:
Developing for the land-based, online, social, and mobile
markets, High 5 Games has created hundreds of games that are played
on six continents and in more than 150 countries. High 5 Games
operates High 5 Casino and High 5 Vegas, both top-rated social
casinos on Facebook and mobile. The company's premiere remote game
server, VAULT, is live in New Jersey and all regulated markets in
the EU and features the company's most proven brands. High 5 Games
is aimed at becoming the world leader in casino content production
and distribution and has offices in New York City, New Jersey,
Kansas City, and London.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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