Nektan PLC Respin LLC signs first major contract

Nektan PLC

Nektan PLC (LON:NKTN), a leading international B2B gaming solutions and services provider, announced today 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 GamesTM, 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 GamesTM 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 Plc, 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.”

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