Nektan Names GVC’s Simon Hay its Chief Financial Officer

Nektan PLC, Gibraltar-based gaming platform and services provider, has officially announced that it will be making some changes within its team.

Simon Hay, who is currently working at GVC Holdings, a world-known gambling and online gambling operator for both B2B and B2C markets…

…will be moving on to Nektan to fulfill the position of chief financial officer.

More Details on the New CFO

Hay will officially start working in his new role at Nektan on June 17, after leaving his job at GVC.

There, he has been working as finance transformation director of Ladbrokes Coral Group since August 2017.

Before making a career at GVC, he spent a little more than seven years working as a deal advisory director at KPMG.

Also, he worked for seven years as an ant with the professional services network’s Australian division at the very beginning of his career.

Let’s not forget that Hay also used to work as a strategy manager at a famous UK holiday operator, Thomas Cook Group.

A Word from Nektan’s Chief Executive

“We are delighted to welcome Simon as CFO,” Nektan chief executive, Lucy Buckley, said in the official announcement.

“He s us at a very exciting time for the business as we continue our rapid growth and path to sustained profitability.

“His international expertise will be especially valuable as we expand into new emerging territories, providing leading gaming and casino brands with our technology and content globally,” she concluded.

More Information on Nektan

Just last month, the provider raised £2.1 million before expenses through a share placement on the London Stock Exchange.

Also in April, Nektan officials announced that the company sold a 57.5% majority stake in its Respin US subsidiary to Alternative Investment Partners Limited (AIP) for $391.680.

This brand-new deal with AIP also includes the provision of $800,000 in working capital to Respin, which is quite different from a £2m cash fee and £300,000 in working capital that the provider had previously announced.

Both transactions took place just when the firm announced its results for the first quarter of the year….

…during which the revenue increased 5.9% in comparison to the same time last year to £5.4 million.

But, the revenue showed also a 15.6% decrease on a quarter-to-quarter basis.

Signed Deals with Dench

Just recently, Nektan signed a few very lucrative deals as well. In April, it announced that it decided to spread its global reach throughout a new business deal with Dench eGaming Solutions.

The fast-developing gaming technology platform provider will turbocharge its growth through the Dench turnkey gaming platform.

The new business partnership between these two companies is based mainly on the deal that Nektan will give Dench exclusive access to its casino content…

…through its content distribution platform called, E-Lite.

New Deal With BetVictor

At the end of May, it has also expanded its partnership with independent bookmaker, BetVictor.

The company will provide the bookmaker with new and exclusive casino content through its Open Remote Game Server (RGS).

Nektan will create branded slot games that will potentially enhance the operator’s key partnerships. The games are being developed in partnership with ReelFeel Gaming and will be accessible via its Open RGS…

…exclusively to the bookmaker’s players.

BetVictor successfully integrated onto Nektan’s content distribution platform, E-Lite, back in October 2018, and the deal has significantly expanded the operator’s casino offering.

Source:

“Nektan appoints GVC’s Hay as new CFO”, igamingbusiness.com, June 3, 2019.