Finance news sponsored by SBTech

London-listed B2B gaming solutions and services provider Nektan has reported a 65 per cent increase in net gaming revenue (NGR) to a record £6.4m for its financial first quarter ended June 30th.

It has been a turbulent year for iGaming investors. Stocks in the gaming sector fell by 13 per cent in the first quarter and returned growth of 12 per cent in the second quarter. The third quarter was even more of a struggle as gaming shares fell a combined 17 per cent for the period from July 2nd to September 28th.

London-listed gaming technology supplier GAN has reported group net revenue of £4.6m for the first half of 2018, up 11 per cent year-on-year, with the United States accounting for 61 per cent of revenue in the period.

London-listed gaming operator and B2B provider 888 Holdings has reported a 1 per cent increase in revenue to US$273.2m for the first half of 2018, despite increased regulatory scrutiny in the UK negatively impacting results.