Nektan Sells Off UK Customer Facing Business to Active Win

Posted on 21 April 2023

Team admin

Nektan have announced the £200,000 sale of its UK B2C arm to Grace Media, a subsidiary of Active Win. According to the company leadership, the move “is very reassuring to all stakeholders involved.”

The company has proved to be unprofitable in recent years; 2018’s £19.4 million in turnover meant the business was making a loss. Just last week, the company was booted off the London Stock Exchange for failing to declare their accounts in time. The company had already warned customers that this was to be the case as significant restructuring continues.

This follows the appointment of PCR London LLP’s Julie Swan and Mark Philips to act as joint administrators of Nektan (Gibraltar) Limited. The monies from the sale will help fund administration costs and may even prove to keep the company afloat for some time longer.

The CEO of Active Win, Warren Jacobs, said of the acquisition:

“The opportunity to acquire (the business) allows Active Win Group to expand further into the UK online casino market, furthering our growth in this market from being a white label operator ourselves, to working with the full complement of business partners established by Nektan in recent years.”

Nektan were keen to point out that this sale marked the start of a partnership where none of its current services offer to UK customers would be interrupted.

Gary Shaw, the founder and interim CEO at Nektan, said in response:

“For the administrators of NGL (Nektan (Gibraltar) Limited) to secure the sale of the UK B2C business to a group of the calibre of Active Win Group, in order to see the continued, uninterrupted delivery of the white label operation the group has built over the years, is very reassuring to all stakeholders involved.”

From now one, Nektan’s business strategy will revolve around staking claims in new and emerging markets with much less emphasis on the saturated and highly regulated UK industry.

After a protracted period of acute difficulty for the UK originated iGaming business, there is finally a reason to be optimistic for the company’s future. Thought Nektan’s easily identifiable casino’s will still be available to loyal UK players, it comes as no surprise to see the company’s gaze fall elsewhere.

For more information about Nektan’s products, visit Nektan Casino List.

More FTD News

  • FTD report igb london last hurrah

    Our Report from iGB London’s Last Hurrah

    In a slightly more bittersweet mood than usual, FTD Digital has come out the other side of yet another busy London Affiliate Conference. The usual feelings of…

  • Fingers typing on a laptop with overlay of virtual participants on different sized screens

    Sue Dawson Speaks At SBC Online Event

    On January 17th, I appeared on a panel at SBC Digital Innovation – Affiliation. Part of a series of online events by SBC shining the spotlight on…

  • igb affiliate london 2024 ftd digital

    Meet us at the last iGB Affiliate London!

    As many of you will know, 2024’s iGB Affiliate London will be the last. After an application and bidding process, the conference will move to Barcelona in…