The new product, which has been provided by the team at Pragmatic Play, has served to further expand Nektan’s ample product portfolio for online and mobile players. It has been built specifically for mobile play, and provides a responsive in-game lobby and a wide selection of mini games that players can enjoy alongside its regular community bingo titles.
More Variety for Casino Players
Working to improve its expanding portfolio under the new launch, Nektan has announced that through the new development it has demonstrated a willingness to invest in its products in order to support the ‘commercial ambitions’ of its white label operating partners. The new games, the firm says, will appeal to all player sectors and levels of preference in markets around the world.
Nektan chief operating officer Jane Ryan has further noted that the launch of bingo games allows her company’s partners to acquire and retain a whole new player segment. According to Ryan, it also gives existing players more choice and variety when it comes to their gaming sessions.
The executive also added that the majority of her firm’s players are mobile-based, so she is confident that the mobile-first user interface and in-game lobby of the new bingo product will drive mobile traffic rates even higher. Now, she says, her company is looking forward to delivering incremental gaming revenues to its partners and working with new bingo-focussed allies as well.
Nektan Reports Slow Q3/Q4 Growth
Just last week, Nektan issued another pre-close trading update, revealing significant revenue growth. With that said, the firm did still fall slightly short of its profit projections for this summer. In its announcement Nektan noted that it expected to deliver double-digit year on year revenue growth in the period ended June 30, 2019, as well as a significantly reduced loss of EBITDA compared to 2018’s results.
The company noted that its goal of achieving EBITDA break-even this year wouldn’t be achieved due to slower trends in its Q3 and Q4 periods. Reportedly, a number of factors impacted its first-time deposit results, including the on going effects of strict UK regulations when it comes to player verification and gambling marketing tactics.