Nektan PLC (LON:NKTN) Interim Chief Executive Officer Gary Shaw caught up with DirectorsTalk for an exclusive interview to discuss the partnership with Tyche Digital to support the launch of cryptocurrency online casino operators.
Q1: Another new development for Nektan in crypto casino. Gary, what is it that you’re supplying in this market?
A1: We’ve delivered the casino games and products for the solution so it’s the same E-Lite platform that we’ve been talking about so really what we’re delivering in this instance is games from tier 1 game suppliers in the market. So, it’s a very similar solution that we would deliver into say 138 that we recently announced but, in this instance, instead of the company using traditional currencies, they’re going to be using cryptocurrency.
Q2: When do you expect to be live with the partners that Tyche have designed?
A2: Within the next 5-6 weeks. Tyche signed the contracts a couple of weeks ago, we’ve started integration process already and we expect to be imminent probably, I would think, at some point in June/July. So, clearly, we’re very excited about the prospect of launching with these partners.
Q3: Will this create new opportunities for Nektan?
A3: Yes, due to these contracts, we’ve already seen some interest expressed from a couple of companies that want access to the content that we’ve got because clearly cryptocurrency businesses don’t have casino products, but they see the opportunity to supply casino products into the crypto market. So, we’ve got a couple of live opportunities which emerged due to people being aware of the fact that we’ve got a product that can be deployed quite quickly.