Nektan PLC Respin LLC signs first major contract (4832Z)
March 15 2017 - 2:01AM
UK Regulatory
TIDMNKTN
RNS Number : 4832Z
Nektan PLC
15 March 2017
15 March 2017
Nektan PLC
("Nektan", the "Company" or the "Group")
Respin LLC signs first major contract with Tier-1 US casino
operator to launch into the US market
Nektan PLC (AIM: NKTN), a leading international B2B gaming
solutions and services provider, announces that Respin Games LLC
("Respin"), Nektan's US operating subsidiary, has signed its first
major contract with a Tier-1 US casino operator to launch its real
money in-venue mobile games solution into the US casino market.
Rapid Games(TM) , the casino gaming industry's first and only
independently certified Class II (Protected Tribal Gaming Category)
in-resort Bring Your Own Device ("BYOD") mobile platform, is being
launched into a marquee casino in California by a Tier-1 US casino
operator with a large footprint in both commercial and tribal
markets in the US. Tribal gaming in North America is over a $30
billion annual revenue market (source: NIGC released data for June
2015).
Respin currently has a further five signed Letters of Intent to
launch into multiple states in the US, with a strong pipeline of
additional interested parties wishing to go live after the platform
enters the market.
The Rapid Games(TM) platform will be completing third party
certification in the coming weeks to also offer Class III games
(Traditional Casino Slots), with unique machine count tracking
technology, to manage numbers of games in-play by game class.
The Respin team recently completed the integration of Spin Games
LLC's Class III Remote Gaming System ("RGS"), which already serves
a large library of successful third party content into the New
Jersey online gaming market, thereby adding a diverse portfolio of
third party games to its existing game library and allowing Respin
to offer operators both Class II & Class III content on a
player's own mobile device.
Daniel DeWaal, CEO of Respin, said:
"It's fantastic to see our platform hit the ground with such a
prestigious US casino partner, which helps to give confidence to so
many other interested parties in the US that Rapid Games is clearly
the way to attract millennial players and increase wider player
engagement across the casino property."
Leigh Nissim, CEO of Nektan, commented:
"We are very pleased to have signed our first contract with a
top US casino operator, which underlines the quality and uniqueness
of our in mobile in-venue casino solutions. We look forward to
updating shareholders as we make further significant progress
during 2017."
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
Further information on Nektan can be found on the Group's
website at www.nektan.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.
About Respin Games LLC
Respin, a wholly owned subsidiary of Nektan PLC, was founded in
2014. Respin Games LLC developed in house its 2016 IGNA I-Gaming
Best Innovation Award winning Rapid Games Platform.
Rapid Games utilizes a mobile e-wallet payment solution,
allowing players to easily and securely transfer credits onto their
own mobile device for Class II and Class III real money wagering.
With its Geolocation technology casinos can virtually draw
boundaries around available gaming eligible locations.
For more information regarding Respin Games LLC, go to their
website at www.respingaming.net
This information is provided by RNS
The company news service from the London Stock Exchange
END
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