Nektan, a mobile iGaming content and platform provider confirmed it successfully received approval of both their software and gaming licences to operate in the UK market. The UK Gambling Commission issued the licences; the supplier operated under a continuation licence obtained from Gibraltar for UK gaming services, since the approval and acceptance of the new regulation in the UK late during 2014.
David Gosen, Nektan’s CEO, commented on their newly obtained approval, stating that they are very pleased to receive approval for both software and gaming licences, allowing Nektan to operate their platform for their partners under this local licence within the UK market. The UK remains the largest iGaming market within Europe and is a key focus for their continued growth. This approval of their services will fortify Nektan’s continuing commerce development in the UK market. Their mobile platform targeted expansion of their business service via strategic partnerships to high coverage media partners.
Earlier in June, the Nektan management confirmed their launching of the Sun Play white-label mobile gambling app through News UK media, owners of The Sun, a UK newspaper. Nektan further announced a media gaming joint venture with TV3 Ireland in 2015. The software solutions provider announced they secured £7.1 million during their latest funding via a combination that involved securing their loans and issuing additional new shares to investors.
Nektan established themselves as a global B2B provider in mobile iGaming platforms, distributing mobile titles in both a freemium gaming, and regulated real money titles, to distribute white label software to big commercial operations that have established on-line audiences. Nektan established in 2011, operating under a Remote Gambling Licence from the Gibraltar Licensing Authority, while maintaining customer and sales support operations within their two principal geographical target markets, namely North America and Europe, from their offices situated in Gibraltar, Las Vegas, and London