Nektan Looks to Increase Value Through New Agreement with Leo Vegas

Published December 4, 2014 by Lee R

Nektan Looks to Increase Value Through New Agreement with Leo Vegas

Leo Vegas is the first licensed content partner to go live with Nektan games.

London games provider Nektan has forged an agreement with Leo Vegas to supply Nektan's proprietary mobile games to Leo Vegas, making the Malta-based provider the first among its group of licensing partners to go live with Nektan's games.

Integration Process

The implementation of the agreement will take place through the integration of Nektan's remote gaming server into the Leo Vegas casino platform, so that Leo Vegas can launch content specific to mobile and tablet devices.

Nektan's COO Matt Sunderland expressed his delight with the new partnership:

“Leo Vegas is a leader in mobile casino gaming and we believe our games can help with their continuing growth,” Sunderland said of the benefits of the partnership.

Partnership Benefits

The significance of the deal for Nektan lies with the fact that Leo Vegas now becomes the first content licensing partner to go live with Nektan games, a step in the direction of implementing and expanding Nektan's mobile games portfolio.

Leo Vegas CEO Johan Styren was effusive with the new agreement, saying: “We are excited by the prospect of Nektan’s mobile games portfolio on our mobile casino.” Styren was quick to further affirm the pride Leo Vegas takes in its new competitive position offering “the broadest suite of quality mobile games in the world today.”

Technological Components

The organization's current investment in the Evolve RGS platform as well as the game studio roadmap represents technological components which solidify new strategic licensing content partnerships for the expanding company in the coming months.

Hopefully, the deal will also provide a boost for Nektan's stock in London, which has fallen 20% to 190 pence per share since its initial public offering earlier in the month.

Current Performance

Shares in Nektan plc (AIM:NKTN) are currently trading at 190.00 pence per share in London this morning, a fall of 20 per cent from the placing price at its initial public offering earlier this month. The ambitions and bold agreements Nektan are forging are designed to stimulate trading and value in an environment where positive change is necessary to stay competitive.

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