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Supreme Court ruling allows Nektan to capitalise on US sports gambling
Nektan announced on Wednesday that it has entered a partnership with sports betting supplier Metric Gaming in the wake of the US Supreme Court's decision to allow the legalisation of sports gambling.
The AIM traded B2B and white label gaming software and services provider said that under the partnership the two firms will, through their subsidiaries, offer high quality horse racing and sports betting services via Respin's Rapid Games platform.
The platform is the US casino gaming industry's only independently certified class II (protected tribal gaming category) and class III on-premises bring your own device mobile platform.
Gary Shaw, interim chief executive of Nektan, said: "With last week's Supreme Court decision, the combination of Metric's leading sports and race products, and Nektan's Rapid Games Mobile Casino, creates a large opportunity for both companies working in partnership."
On 12 May, the Supreme Court struck down a 1992 federal law that had prohibited most states from authorising sports betting.
The ruling is a victory for states such as New Jersey that have considered moves toward the legalisation of sports gambling in order to encourage tourism and tax revenue, but major North American sports bodies such as the NCAA, NFL and NBA opted to back prohibition.
Martin de Knijff, chief executive of Metric, said: "Last week's Supreme Court decision signals a sea change in the U.S. We are impressed by the Rapid Games platform, and believe that its multi-device approach gives our state-of-the-art horse racing and sports betting counterparts a price and functionality advantage over legacy based competitors in both the retail and iGaming spaces."
As of 0911 BST, Nektan's shares were up 43.18% at 31.50p.