Lucy Buckley Becomes Nektan CEO Ahead of Company’s US Push

Lucy Buckley will lead gaming operator Nektan’s US charge after being named as  chief executive officer (CEO) on October 9.

Lucy Buckley

Lucy Buckley is the new CEO of Nektan and will be spearheading the company’s expansion in the US. (Image: Nektan/LinkedIn)

The appointment of Buckley comes after former chief executive Leigh Nissim resigned in July 2017. Bridging the gap between the appointment was Gary Shaw who will now become an executive director under Buckley.

Inspired Move Brings Buckley On Board

In taking the role, Buckley will resign as vice president of Interactive at Inspired Gaming Group and assume her new position on December 3.

According to Shaw, Buckley’s experience will play a key role in the company’s international expansion plans.

“Lucy’s extensive international gaming experience is an excellent fit for the role of Nektan’s CEO. She will help to build on our most recent successes, as we continue to win new contracts and deliver additional revenue streams,” Shaw said in Nektan’s October 9 press release.

Nektan’s appointment follows a positive start to the company’s current financial year. Reporting its figures at the start of October, the gaming company said it was on track to become EBITDA (Earnings before interest, tax, depreciation and amortization) breakeven in Europe within the coming months.

This newfound confidence comes after a record quarter. Despite the summer months typically being slower for casino operators, Nektan saw Q1 net gaming revenue (NGR) improve 65 percent year-on-year to £6.4 million.

Additionally, cash wagered across the network was up by 41 percent to £178.3 million compared to the same period in 2017.

Nektan Finding Its Rhythm

Buoyed by its success in the UK and Europe, the company is now looking to expand its presence in the US. In addition to existing agreements with tribal casino groups, Nektan partnered with Metric Gaming in May.

The deal came two weeks after the US Supreme Court’s overturned the Professional and Amateur Sports Protection Act (PASPA) and will allow Nektan to join the US sports betting revolution.

“Our North America division is making progress and is due to go live shortly with a tier-one operator,” Shaw announced on October 3.

Leading the charge will be Buckley. As well as being a significant step for Nektan, the fact a female will be heading company’s expansion efforts will be seen as a positive for the industry as a whole.

Although women are still a minority in the boardrooms of gaming companies, things are starting to change. Bet365’s Denise Coates is one of the most successful CEOs in the world and, now, Buckley will be hoping to for much of same when she takes control of Nektan.

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