Nektan was launched in 2011, to ‘take advantage of the explosion of mobile gaming opportunities.’ Since then, the company has grown exponentially, and today, there are a large number of Nektan casinos accepting new players. In this post, we’re going to be taking a look at the history of Nektan – along with important milestones in the company’s history.
After launching, Nektan remained relatively quiet for the first couple of years. It wasn’t until 2013 – when they acquired Mfuse Limited (a mobile technology and services business) that things really started to change, and just a few months later at the beginning of 2014, the company officially launched under the brand name Nektan.
Just a month after launching, Nektan’s first white-label casino went live, and players from throughout Europe were accepted. Realizing that they needed to receive a license from the UK’s Gambling Commission in order to begin accepting British players, the company applied for a license from the UKGC in June 2014, and they were granted it shortly after.
At the end of 2014, Nektan became a publicly-traded company on the London Stock Exchange – and this, you could say, is where the company really ‘went mainstream.’
Over the next few months, new Nektan casino sites continued to appear, and in May 2015 the company signed an agreement with The Sun Play (the online casino owned by the British newspaper called The Sun) to manage their entire slots operation. Just under a year later, Nektan entered into an asset transfer which saw three of its own casinos open up; Chomp Casino, Spin Princess and Sapphire Rooms. Unlike Nektan’s white-label casinos, these sites were owned fully by Nektan.
In December 2016, Nektan sought new funding sources to expand their business even further, and they receive just over £2.2275 million in funding. This came from both new and existing shareholders.
August 2017 was another important moment in the company’s history, as it launched its first real-money website in the United States. While their US operation never really kicked off, it proved to be a monumental moment for the company, as it drew attention from major players in the US gambling industry, which Nektan are expected to capitalize on in the coming years.
From there, Nektan went from strength-to-strength, and they even started developing their own in-house slots. New Nektan slots were brought out on a near-monthly basis, and this allows the operator to push our exclusive games to their sites.
Since then, the company has continued to place an emphasis on driving growth through mobile gaming, and an extensive Nektan casino list now exists. They’ve also decided to ‘revisit’ the US market, and Nektan have now partnered with a number of US betting websites. They’re expected to launch many of these sites officially in the coming months, and most recently, the company has even started to explore the use of cryptocurrencies at their betting sites.