International gaming software and services provider Nektan has reiterated it’s strong US stance, as the firm reveals a healthy showing in its financial year (FY) results, for the year ending June 30.

Continued growth in game portfolios has been stressed by Rapid Games, the Nektan US subsidiary, with a second North Californian on-premises mobile gaming partner all set to go live this month.

“Significant interest from new markets” has also been registered in its full service horse racing and sports betting solution, launched alongside Metric Gaming.

A further announcement details further board updates “in due course,” as Nektan reviews its strategic operations within the United States, with a number of expressions of interest received regarding investment in Rapid Games.

Gary Shaw, Interim Chief Executive Officer of Nektan, commented: “We are delighted with Nektan’s continuing revenue growth, increasing 48% in the year to 30 June 2018. We expect to continue to build on this strong momentum in the year ahead.

“We see the business continuing to strengthen further and growth opportunities within both existing markets and, most encouragingly, in the rapidly accelerating demand for our technology from international partners, especially in Asia. In addition, with our licensed US mobile gaming platform, we are very well placed to take advantage of the huge opportunity presented by the opening up of the sector in the United States.

“Nektan is currently live in 37 countries across Europe, Asia and North America.  We have developed from a UK-centric business into a global technology company, delivering to our partners operational gaming capability with speed and flexibility across multiple markets.

“We look forward to announcing further progress in the coming months.”

The firm posted a 48.1 per cent jump in gaming revenue, from FY17’s £13.1m to 19.4m, with the fourth quarter (Q4) seeing an increase of almost 11 per cent as opposed to Q3 (rising from £5.1m to £5.7m) and a 36.7% jump from Q4 FY2017.

First time depositors also grew, 20.4 per cent for the full year and 18.5 per cent quarter to quarter, whilst cash wagering also saw increases of 43.4 per cent and 14.3 per cent respectively.

A total of 13 new sites were also launched during Q4 with four new partners gained, Nektan stresses that the group has “a strong pipeline of new brands from both existing and new partners to be launched during the current quarter,” both in the UK and on an international level.