Nektan trading continues to improve

Nektan plc (AIM: NKTN), a leading international B2B gaming solutions and services provider has issued a trading update for the three months ended 31 March 2017.

Leigh Nissim, Chief Executive Officer of Nektan, commented:

“I’m encouraged by Nektan’s continuing improvements in trading and the continuing realignment of the Company to a leading international gaming solutions and services provider.

In our Managed Solutions business in Europe, we have focused intentionally on optimising the managed casino network, improving the return on our player marketing spend for certain partner brands and proactively controlling our operating costs across the casino network. The net impact of both adjustments is positive – the network continues to grow and at the same time our margins are improving.

The launch of our new B2B games and software licensing business in Q3 is exciting and will be an important focus for Nektan to support our growth. The good progress of our North American business in signing new customers also positions the business well for future success.

Nektan continues to make positive progress across our businesses in Europe and the US, powered by our proprietary core platform, Evolve, helping the Company to strengthen its position as an international gaming provider, offering solutions and services that are fresh, high quality and tangibly different from other suppliers.”

See the release in full here

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