Respin LLC signs major contract with US operator

(PRESS RELEASE) -- Nektan PLC, a leading international B2B gaming solutions and services provider, announces that Respin Games LLC, Nektan's U.S.-operating subsidiary, has signed its first major contract with a Tier-1 U.S. casino operator to launch its real money in-venue mobile games solution into the U.S. casino market.

Rapid Games, the casino gaming industry's first and only independently certified Class II (Protected Tribal Gaming Category) in-resort Bring Your Own Device (BYOD) mobile platform, is being launched into a marquee casino in California by a Tier-1 U.S. casino operator with a large footprint in both commercial and tribal markets in the U.S. Tribal gaming in North America is over a $30 billion annual revenue market.

Respin currently has a further five signed Letters of Intent to launch into multiple states in the U.S., with a strong pipeline of additional interested parties wishing to go live after the platform enters the market.

The Rapid Games platform will be completing third party certification in the coming weeks to also offer Class III games (Traditional Casino Slots), with unique machine count tracking technology, to manage numbers of games in-play by game class.

The Respin team recently completed the integration of Spin Games LLC's Class III Remote Gaming System (RGS), which already serves a large library of successful third party content into the New Jersey online gaming market, thereby adding a diverse portfolio of third party games to its existing game library and allowing Respin to offer operators both Class II & Class III content on a player's own mobile device.

Daniel DeWaal, CEO of Respin, said, "It's fantastic to see our platform hit the ground with such a prestigious U.S. casino partner, which helps to give confidence to so many other interested parties in the U.S. that Rapid Games is clearly the way to attract millennial players and increase wider player engagement across the casino property."

Leigh Nissim, CEO of Nektan, commented, "We are very pleased to have signed our first contract with a top U.S. casino operator, which underlines the quality and uniqueness of our mobile in-venue casino solutions. We look forward to updating shareholders as we make further significant progress during 2017."