Under the terms of the agreement, Nektan will integrate its remote server into LeoVegas’ existing existing casino platform. This will allow the Malta-based operator to provide licensed Nektan mobile games to its worldwide user base.
A Win-Win Situation
The new deal is a winner for both parties in that Nektan gains access to a huge user base while LeoVegas becomes the first operator to provide Nektan products. This gives Nektan increased market share while handing LeoVegas a major advantage over its competitors.
In a statement to the press, LeoVegas CEO John Styren expressed his excitement over the new arrangement saying:
At LeoVegas we take great pride in offering the broadest suite of quality mobile games in the world today. Nektan is a very promising partner and will further accelerate Leo Vegas fast growth on the UK market.
On the Nektan side, company COO Matt Sunderland was equally enthusiastic in his praise for the partnership:
Leo Vegas is a leader in mobile casino gaming and we believe our games can help with their continuing growth.
Sunderland also added that expects this to be the first many partnerships his company enters into in the months ahead.
If Sunderland sounds a bit more excited about this week’s news than Styren its probably because his company is sorely in need of good news. Since Nektan’s IPO last month, the company’s shares have lost 20% in value.
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