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Nektan expecting to break even in Europe in 2019 following record Q2

London Based gaming Technology firm Nektan expects to return a profit in Europe by June 30,2019 following record quarterly revenues in the three months to December 31,2018.

Lucy Buckley, appointed CEO in December said: “This record breaking quarter for the group has not only highlighted that we have made significant enhancements to our technology, but we are becoming a firmly established business that is on track to be profitable in our core European business by the end of this financial year ending June 30, 2019.”

The B2B business saw massive growth, albeit from a new zero starting point. Gross Gaming revenue was up seven-fold, to £2.4m in the three months to the end of 2018, helped Nektan by going live with four new operators, including Bet Vector taking the total number of B2B partners into double figures for the first time.

“Looking back at this quarter and ahead, we are excited about the size of Partners we are now attracting,” said Buckley. “Our Betvictor contract win with this tier one operator is a landmark for Nektan and we are proud to have them believe in the breadth and depth of our offering. The B2B figure continue to demonstrate the huge potential that division has in fueling our growth going forward.”

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