Nektan pushed on with US slot delivery

Xtraspin wheels, which provide potential extra bonuses to customers on slot machines, have now been installed in 12 casinos across California and Nevada, the company said.

There are now a total of 74 wheels now operational, compared to just 25 in June. The idea is to improve the performance of older, more dated, slot machines.

Casino operators have seen the amount of coins added to the machines rise by 30% on slot machines with Xtraspin wheels, the company said.

Gary Shaw, chairman, said: “Respin continues to strengthen its performance in the US, with the uplift in revenues experienced by casino partners with Xtraspin wheels underlining the significant commercial opportunities which are further reflected in the continued growth of its casino contract pipeline.”

A further 22 casinos have signed contracts or letters of intent with Nektan in the US for 130 Xtraspin wheels. In Europe, gaming was also progressing well, with 70% growth in the amount a player is depositing into an account.

Broker Northland Capital added: “Highly encouraging to see the Xstraspin product gaining significant traction and further significant rollout of the product will aid growth. Investors will be looking to see whether management is able to deliver on significant growth in the new financial which given today’s statement the business has made a good start to the new year.”