Nektan expects new projects to increase trading in 2015

London-listed mobile gaming platform provider Nektan said Monday that it remains encouraged by the continued development of its commercial pipeline, including its US joint venture, which the company expects to significantly underpin an increase in trading for the 2015 financial year. In advance of an investor teach-in event taking place at the offices of Panmure Gordon in London later today, Nektan provided an update on its trading for the six month period ended December 31st.

The company said that trading had been in line with the board’s expectations, with net gaming revenue of approximately £0.25m for the six month period. Real-money gaming cash stakes grew by more than 57 per cent versus the previous quarter, with average monthly real money players soaring 237 per cent over the same period.

“The directors have been encouraged by the continued development of the commercial pipeline, particularly with regards to larger opportunities, including the US joint venture, and this has resulted in the company focussing the majority of its existing resources on these larger opportunities,” said Nektan in a statement Monday.

“The board expects these projects to significantly underpin the material increase in trading as forecast during calendar year 2015.”

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