Respin Joint Venture
In November 2014 Nektan signed an agreement with Spin Games
for the creation of the Respin joint venture. The joint venture has a genuinely disruptive business model in a potential $3bn market.
Kent Young is the Founder and President of Spin Games and has 25 years’ experience in the gaming industry and strong connections with the casino operators in California and Nevada. Respin currently employs 25 people many with experience in the gaming industry including roles at IGT, Aristocrat and Bally.
The opportunity has arisen due to the reluctance of casino operators to purchase new machines from manufacturers. When slot machines reach their end of contractual life they become unsupported and are therefore suitable for a third party to extend their life, reducing capex requirements for the casino operator. 40 percent of slot machines on casino floors are estimated to be unsupported by the original manufacturer, based on the 2013 figure of 775,000 slot machines in commercial and tribal casinos.
Put an Xtraspin on it
Xtraspin is a secondary bonusing system to add value to existing installed base slot machine games by enhancing the player experience through offering the base game prize and an additional mystery bonus prize. The dynamic wheel displays customisable graphic packages and sounds to complement the base game. Xtraspin can be installed on a bank of slot machines or multiple banks of machines.
These bank of machines add to the shared excitement of a group of players and serves to attract more players who want to take the chance at winning the secondary bonus prizes.
Retrofit – making the old new
Retrofit updates classic cabinets by taking an unsupported slot machine and giving it a modern facelift using a Retrofit mobile adapter to link games across cabinets and offer players premium content from the Spin Games and Nektan content libraries.
Rapid Bingo - in venue mobile gaming
Rapid Bingo is an on-property mobile bingo game available to players on their own iPhone and Android devices, creating a new revenue stream for land based casinos. Geolocation allows the play boundaries to be controlled to the parameters of a casino’s footprint and offers players the ability to gamble whilst sat poolside, in a bar, restaurant or club or at a show or conference. The games are 75 ball bingo with a 40 ball drop to increase the player reward and are delivered through a secure, web based back office system with seamless integrated mobile wallet.
To find out more about Respin, please click here.