In a press release issued on March 25, Nektan PLC officially announced that they had reached the break-even point in 2018, the first time the company had done so in its history. This was a major achievement brought about thanks to a double-digit percentage increase in overall revenue for the year.

According to the report, the revenue at Nektan increased by 48% from that of 2017, reaching total revenue of over £13 million ($17.6 million). However, the adjusted EBITDA came in at about £336,000 ($444,000), still a sizable increase for a company that has been treading water since its inception.

To Chief Executive Lucy Buckley, this was a big deal in making it so the company would be able to maintain and improve their profitability. She added that they had reached this mark “due to both increased revenues and operational efficiencies.”

The turnaround came thanks in large part to the company finding traction with its fully managed global casino brand. They have reached 152 casinos across Europe, providing some of the best services, while affording customers a different type of experience.