London-listed gaming software provider Nektan has reported a 45 per cent increase in net gaming revenue to £5.1m for the financial third quarter ended March 31st.

The company continued to deliver strong revenue growth despite seeing a 5 per cent drop in first time depositors to 36,359 as a result of its focus on the "quality" of the player and spend.

Nektan said that this led to a 44 per cent increase in cash wagering to £142.4m during Q3.

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