Tag Archives: London AIM

Efficiency in spend leads Nektan commercial momentum

London AIM-listed B2B mobile gaming solutions provider Nektan Plc has detailed strong corporate growth for its Q2 2018 trading update  (three-month period ending 31 December). Updating investors, Nektan would record net gaming revenues of £4.7 million up 42% on corresponding Q2 2017’s £3.3 million. During the trading period, Nektan governance informs that it has prioritized on developing player quality, whilst …

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Nektan eyes further international growth following strong Q1 2018 opening

Entering a new financial year, London AIM-listed mobile gambling operator and systems supplier Nektan Plc has posted a strong Q1 2018 performance (period ending 30 September). Driven by new product inventory and the continued growth of its European gaming brands, Nektan would report a double in period cash wagers to £126 million (Q1 2017:£56 million). The ‘mobile-first’ gambling firm, noted …

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Gaming Realms confident of 2017 outlook following solid H1 performance

London AIM-listed mobile casino and social games operator Gaming Realms Plc is confident of achieving its year-end corporate targets and expectations having reported a solid H1 2017 opening (period ending 30 June). Presenting its H1 2017 (unaudited) trading update, Gaming Realms recorded increased group revenues of £15.7 million, up from £14.9 million reported a year ago. A busy period for …

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Leigh Nissim resigns as CEO of Nektan Plc

London AIM-listed mobile gambling specialist Nektan Plc has today confirmed the departure of Leigh Nissim as its Chief Executive Officer. Issuing a corporate update, Nektan governance detailed that Nissim will officially leave the business this coming August, with founder and Non-Executive Director Gary Shaw retaking the firm’s CEO position on an interim basis. Nissim a former IGT and GTECH executive …

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Acquisition & Integration effective Stride Gaming hits H1 2017 peak metrics

London AIM-listed multi-brand igaming group Stride Gaming Plc has posted its six-month interim H1 2017 results (period ending 28 February), reporting a 21% increase in corporate revenues to £44 million. The company has detailed a ‘strong organic growth’ to its portfolio of igaming brands, with an increased yield per player of £127 for its period activity. The continued improvement of …

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Continued realignment strategy sees Nektan hit high notes for Q3 2017

London AIM-listed industry mobile B2B gaming solutions provider Nektan Plc has published its Q3 2017 trading update (period ending 31 March) reporting top-line growth across its core performance metrics. Updating investors, Nektan governance detailed the firm’s strengthened commercial pipeline which had seen the company sign and launch 13 new casino partners. Publishing its Q3 performance, Nektan would report total group …

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Kindred’s £176 million offer for 32Red becomes ‘unconditional’

Kindred Group’s £176 million outright cash offer for 32Red Plc assets has become ‘unconditional’ following its acceptance by 32Red majority shareholders and having gained approval by the Licensing Authority of Gibraltar. Updating the market this morning, the governance of 32Red informed corporate stakeholders that both its investors and directorship had accepted Kindred’s £176 million offer put forward on 23 February 2017. …

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Significant content boost sees NetPlay TV sustain strong 2016 momentum

Publishing its H1 2016 results (six-month period ending 30 June), London AIM-listed interactive gaming operator NetPlay TV (NetPlay) has reported sustained growth across its core metrics. Reporting a 15% increase in net gaming revenues to £14.7 million (H1 2015: £12.7 million), NetPlay governance was pleased to sustain the firms positive 2016 momentum. The interactive gaming operator would close its H1, …

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Dermot Desmond invests £1.3 million in GAN

Irish finance magnet Dermot Desmond has invested £1.3 million (€1.5 million) in London AIM listed igaming systems provider GAN. Updating the market, GAN governance revealed that Desmond’s IIU Nominees (IIU) had purchased +3 million shares in the firms new share placement. Desmond’s purchase sees IIU take an approximate 5% equity in GAN. GAN governance stated that the funds would be …

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Nektan raises £1.75 million in asset sell-off

In a move to increase its cash capital, London AIM-listed mobile gambling firm Nektan Plc has confirmed that it has sold three of its gaming brands to Buckingham HMB for a cash consideration of £1.75 million. Agreeing on the sell-off, Nektan will transfer Chomp Casino, Spin Princess and Sapphire Rooms to the ownership of Buckingham HMB. Nektan governance maintained that the three …

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