Nektan partnership agreement with High 5 Games
Nektan PLC (AIM: NKTN), a leading international B2B gaming solutions and services provider, has signed a partnership agreement with leading casino games developer High 5 Games ("H5G").
Under the terms of the agreement, Nektan has become the distributor of H5G content for real-money gaming in Europe with exclusive rights to the H5G casino catalogue. Nektan will also expand the current real money gaming distribution of H5G's casino catalogue by making the content available in Canada as well. Since it was founded in 1995, H5G has created many of the industry's most acclaimed and popular slot titles across land-based, online and social gaming markets. It has a portfolio of more than 70 interactive games for real-money gaming live in European markets, including proven hits such as Secrets of the Forest, Hoot Loot, Golden Knight and Shadow of the Panther.
Pursuant to the terms of the agreement, Nektan will immediately assume responsibility for the management of H5G's technology and games in Europe. Nektan will also have the right to port H5G's existing flash games portfolio and back catalogue into HTML5 for mobile distribution and bring the licensing infrastructure under its own. Nektan will also take responsibility for all existing H5G European interactive customer relationships. The H5G portfolio of games will be integrated to Nektan's managed casino network. The terms of the partnership are subject to a transitional period where the parties will confirm regulatory approval and final operating details.
The addition of the H5G casino games to Nektan's European distribution portfolio complements Nektan's existing agreement with Spin Games. Both partnerships significantly strengthen Nektan's B2B business, which leverages the Group's multi-geographic assets, expertise and reach, by delivering a set of services and solutions, from games licensing to software, across European and North American markets. The Group expects to add further high-quality studios and games to the distribution platform, which is powered by Nektan's proprietary games engine, Evolve Lite, which includes meta-game player engagement features, such as free spins and jackpots with tournaments and achievements to follow shortly.
Leigh Nissim, CEO of Nektan, said:
"Adding High 5 Games' casino content to Nektan's games network brings some of the most innovative and proven games on the market to our distribution platform, significantly broadening and strengthening our offering across US and European markets. This is an important development for Nektan as it marks a significant step towards our goal of becoming an international, top tier gaming solutions and services provider."
Anthony Singer, CEO of High 5 Games, said:
"Nektan is continuing to deliver on High 5 Games' clear and convincing, results-oriented strategy of delivering great games everywhere, which is already creating new and exciting opportunities on both sides of the Atlantic. Nektan's fast and flexible distribution model will maximise exposure of H5G's proven slot content, driving revenues in the industry's most important regulated markets, furthering our expansion as a leading content solutions company."
For further information on the Group, please contact:
Leigh Nissim, Chief Executive Officer
Patrick Sinclair, Chief Financial Officer
via Newgate below
Stockdale Securities Limited
Tom Griffiths / Ed Thomas
Tel: +44 20 7601 6100
Newgate (PR Adviser)
Tel: +44 20 7680 6550 / + 44 7747 113 930
Nektan is a leading international B2B mobile gaming solutions and services provider, operating in the regulated, interactive real money gaming (RMG) gaming space, delivering original and innovative solutions to commercial organisations that have established online audiences.
Nektan's full end-to-end technology platform, Evolve, simplifies and supports the route to mobile and desktop gaming revenues, managing the full customer experience and back-office operations, allowing commercial partners to focus on marketing the product to their consumers.
Nektan's US operating subsidiary in partnership with Spin Games, Respin LLC, provides US land-based casinos with in-venue mobile gaming solutions which allow operators to add mobile technology and content to their existing offerings, with products accessible to players across both cabinets and mobile devices inside the casinos. Respin has a strong intellectual property portfolio including game patents for Rapid Games™ (on-property mobile entertainment), and other captivating concepts and brands.
Nektan is headquartered in Gibraltar, regulated by the Gibraltar Licensing Authority and the UK Gambling Commission, as well as in the Irish market and maintains sales and customer support operations in its two primary geographical targets, Europe and North America. The proprietary Evolve technology is developed and maintained by a talented and experienced team of employees from Nektan's Indian office.
Nektan plc was admitted to the AIM market of the London Stock Exchange in November 2014.
Further information on Nektan can be found on the Group's website at www.nektan.com
About High 5 Games:
Developing for the land-based, online, social, and mobile markets, High 5 Games has created hundreds of games that are played on six continents and in more than 150 countries. High 5 Games operates High 5 Casino and High 5 Vegas, both top-rated social casinos on Facebook and mobile. The company's premiere remote game server, VAULT, is live in New Jersey and all regulated markets in the EU and features the company's most proven brands. High 5 Games is aimed at becoming the world leader in casino content production and distribution and has offices in New York City, New Jersey, Kansas City, and London.