Nektan expands into Africa with Betika and BetLion
Gaming platform and services provider Nektan has rolled out is services in Africa for the first time after agreeing content deals with operators Betika and BetLion.
Nektan has integrated slots and table games with both operators via its E-Lite B2B content distribution platform, with all titles available across desktop and mobile devices.
Both Betika and BetLion are focused on African markets and recently had their licences renewed by the Kenyan Betting Control and Licensing Board (BCLB). Betika, founded in 2016, sponsors Kenyan Premier League side Sofapaka, while BetLion was founded by Victor Chandler in 2017, powered by FSB's sports betting technology.
Nektan said the roll-out marks a landmark step in its B2B expansion strategy, which includes a focus on emerging markets such as Africa.
“Africa is an emerging market that is rich with possibilities and presents us with opportunities to build our international expansion,” Nektan founder and executive director Gary Shaw said.
“As we continue to grow Nektan’s B2B software division, deals such as this highlight how our proprietary technology is fit for purpose in emerging markets all over the world.”
Jaydeep Chakravartty, vice president commercials, at Nektan, added: “As a nimble technology provider, we are able to efficiently integrate our content into large scale operator networks across the globe. Betika and BetLion will now be able to offer their customers a wide range of increasingly popular casino games.”
The agreement follows Nektan last month issuing a profit warning to investors as its decline in player deposits continued into the final quarter of its financial year.
Nektan said it expects to deliver year-on-year, double digit revenue growth and a significantly reduced EBITDA loss for the year ended June 30, 2019, though admitted that it wound fail to meet its target of achieving EBITDA break-even for the year,