Shares in gaming platform provider Nektan soared by more than 8 per cent in London this morning after the company confirmed that it had received approval for both a software and a gaming licence from the UK Gambling Commission.

Nektan said that since the new regulation was introduced in the UK in late 2014, it had been operating under a Gibraltar continuation licence for UK-facing gaming services.

“We are pleased to have received approval for both a software and gaming licence, which allows Nektan to operate our platform for our partners under a local licence in the UK market,” said Nektan CEO David Gosen.

“The UK is the largest gaming market in Europe and remains a key focus for our continued growth."

Earlier this month, Nektan launched a new white label gaming product for the News UK-owned tabloid The Sun, while it also has a deal in place to launch an online casino for Ireland’s leading commercial broadcaster TV3 Group.

Other white label partners include City AM, Channel 4 - for a Come Dine with Me bingo game - Go Win Casino, Red8Casino.tv, Kerching and Winzino.

Shares in Nektan plc (Co. Data) (AIM:NKTN) have gained 8.87 per cent to 178.00 pence per share in London this morning following the announcement.

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