Nektan PLC Metric partnership for US sports betting content (9484O)
23 May 2018 - 4:01PM
UK Regulatory
TIDMNKTN
RNS Number : 9484O
Nektan PLC
23 May 2018
23 May 2018
NEKTAN PLC
("Nektan", the "Company" or the "Group")
NEKTAN ANNOUNCES PARTNERSHIP WITH METRIC GAMING TO PROVIDE
SPORTS BETTING CONTENT IN THE US
Nektan plc (AIM: NKTN), an international B2B and white label
gaming software and services provider, announces that it has signed
a partnership deal with Metric Gaming ("Metric"), one of the most
compelling and dynamic independent sports betting suppliers in the
world, to provide Metric's betting content to the US market.
Through their respective U.S. operating subsidiaries, Metric
Gaming LLC and Respin LLC ("Respin"), Metric and Nektan will be
offering high quality horse racing and sports betting services via
Respin's Rapid Games(TM) platform, the US casino gaming industry's
only independently certified Class II (Protected Tribal Gaming
Category) and Class III On-Premises Bring Your Own Device ("BYOD")
mobile platform.
Last year, Rapid Games announced its first major contract with a
Tier-1 US casino operator to launch its Rapid Games(TM).
Gary Shaw, Interim Chief Executive Officer of Nektan said:
"With last week's Supreme Court decision, the combination of
Metric's leading sports and race products, and Nektan's Rapid Games
Mobile Casino, creates a large opportunity for both companies
working in partnership. The sector will look to a combination of
sports and casino and having a partner combining both will create
additional opportunities for both companies."
Martin de Knijff, Chief Executive Officer of Metric said:
"Last week's Supreme Court decision signals a sea change in the
U.S. We are impressed by the Rapid Games(TM) platform, and believe
that its multi-device approach gives our state-of-the-art horse
racing and sports betting counterparts a price and functionality
advantage over legacy based competitors in both the retail and
iGaming spaces."
For further information on the Group, please contact:
Nektan
Gary Shaw, Interim Chief Executive Officer
Patrick Sinclair, Chief Financial Officer +44 20 3463 8735
Stockdale Securities Limited (Nominated
Advisor and Joint Broker
Tom Griffiths / Ed Thomas +44 20 7601 6100
Smaller Company Capital Limited (Joint +44 20 3651 2911
Broker)
Rupert Williams / Jeremy Woodgate +44 20 7680 6550 / +44 7747 113
930
Newgate (PR Adviser) Email: nektan@newgatecomms.com
James Benjamin
Further information on Nektan can be found on the Group's
website at www.nektan.com
About Nektan:
Nektan is an international B2B and white label gaming software
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, 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.
This information is provided by RNS, the news service of the
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END
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