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Nektan announces closure of Rapid Games; begins search for additional funding

1st April 2020 9:30 am GMT
SBTech

London-listed gaming supplier Nektan has reported revenue of £0.8m for six-month period ended 31 December, with the company also confirming that its US-facing Rapid Games joint venture had ceased to operate.

With the company’s transition to a B2B business following the sale of its UK B2C assets to Grace Media, Nektan’s revenue from continuing operations climbed by 157 per cent to £0.8m in its financial first half.

Operating loss of the period widened to £2.5m from £2.3m [...]

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