New Nektan Casino Sites
There are some Nektan casino sites that are willing to offer a bonus without you depositing or wagering any money. A Nektan casinos free £5 bonus is available at some selected Nektan casino sites – Where the casino will actually add £5 into your bonus funds to play with. This is a great chance for you to see a bit of what that particular. 2020 has been a terrible year so far for Nektan, and by the looks of things it might well be their last. It was announced on Tuesday that the company had stopped trading on the Alternative Investment Market (the AIM) until they had a better idea of the financial situation. It didn’t take long to work the financial situation out, because very shortly afterwards they revealed that they had. Also here are some of the most promising new slot sites by Nektan: Scorching Slots Casino. Created in the raging fires of a dragon’s breath is likely how they forged Scorching Slots, a Nektan brand that is also new to the market for 2018. To remain in-keeping with its theme, the logo of the platform is a recognisable amber coloured dragons eye.
2020 has been a terrible year so far for Nektan, and by the looks of things it might well be their last.
It was announced on Tuesday that the company had stopped trading on the Alternative Investment Market (the AIM) until they had a better idea of the financial situation.
It didn’t take long to work the financial situation out, because very shortly afterwards they revealed that they had:
“failed to secure the necessary funds for the requisite additional working capital necessary to secure the future of the Company.”
In other words, they are going into administration for a second time.
How Can They Go Into Administration Twice?
Good question!
The once mighty Nektan have been in trouble for a while, having shown pre-tax losses of £6.4 million in 2019, and back in January they went into administration for the first time.
At that point, Nektan had both B2C (business to customer) and B2B (business to business) commercial interests. In plain terms this means that they ran their own online casinos including the branding and marketing which customers could sign up to and use (B2C); and they also provided their platform, license, and other features as a turn key solution for new casino businesses who only wanted to handle the marketing side of things (B2B).
The first time around, the administrators managed to broker a deal wherein Nektan’s B2C business interests were sold to a company called Grace Media for £200,000, with Nektan still providing the platform etc and receiving royalties. This bought them some time, put cash in their pocket, and enabled them to keep trading with their B2B customers.
This also meant that they were no longer in administration. But they clearly weren’t all that stable either, because now, just three months later, they are appointing administrators again, and shareholders are rightly worried.
White Labels
There are scores and scores of casinos running as a white label of Nektan, so this development could affect a substantial number of players in the UK and elsewhere.
If the license holder goes into administration, what happens to all of the white label companies operating under that license? Players at casinos like Kerching, The Sun Play, Irish Spins, and many others will understandably have questions.
Migration to another company is the obvious solution, but who? And how would that work? If it isn’t an option then an unprecedented number of online casinos could close this year, and lot of players face the very real possibility of their favourite casino simply ceasing to exist.
And that raises an even more important question.
What Happens to Player’s Funds?
When a casino business suddenly fails, it usually blocks access to the site and stops taking bets pretty quickly. That means it is not possible to get in there and withdraw any money you have resting in the account.
What happens next will depend on the level of deposit protection the license holder has in place. By law, all companies must hold customer funds in a separate bank account but this in itself is no guarantee of protection. The casino also has to state whether they offer Low, Medium, or High levels of protection on top.
- Low – Not protected. Any money in customer accounts is treated as a company asset and can be used to pay creditors. i.e you have little chance of getting it back.
- Medium – There are some arrangements in place, like insurance, which mean attempts will be made to get customer money back to them in the case of insolvency. i.e you might get your money back but it could take a while.
- High – Customer funds are kept in a completely separate account which is controlled by an independent person or external auditor. i.e you will get your money back.
What level of protection does Nektan have? It’s medium. Nektan’s own terms state that “steps have been taken to protect customer funds but that there is no absolute guarantee that all funds will be repaid in the event of insolvency.”
That means that customers could face a bit of a wait to get their money back, if it comes back to them at all.
Having been in this situation before myself, I sympathise with anyone else going through it, although I did get my money back after around a month or so. Nevertheless, if you gamble with a casino operating under Nektan’s licence, get your money out of there if you still can, and in the future make sure you never leave too much in an online casino account unless you are actually using it.
What better way could you possibly start off your online casino gaming experience than with a no deposit bonus, awarding you with free casino funds, without you having to make a single deposit or wager your own funds. No deposit bonuses are a great way to create further winnings and experience some of the awesome casino games at a Nektan casino.
Best Nektan Casino £5 No Deposit Bonuses
New Nektan Casino Sites For Real
What is a No Deposit Bonus?
A no deposit bonus is essentially free money. It is exactly what you think it is – a bonus that is awarded to you, which can be awarded in many different forms, for free, without you having to make a wager or first deposit.
Some Nektan casinos offer this to their customers in order to allow them to experience their online casinos and make sure they are comfortable with it, before depositing funds from their own bank account and playing with real money. Customers love snatching up free no deposit offers, and it is rare that they will let one go amiss. Especially with new Nektan casinos, it can be a popular bonus to advertise to customers in order to gain a customer base for that casino, and be able to allow new players to experience an awesome new casino.
A Nektan casino no deposit bonus will be offered to new customers upon registration, as part of a welcome package. It is not normally the case that an existing player will be granted with an offer like this, although in some cases it has happened. Existing Nektan casino players will be granted with other rewards.
Nektan Casinos Free £5
Nektan casino no deposit offers consist of a free £5 cash bonus when new customers sign up to their casino. Otherwise known as a Nektan casinos free £5 offer, these are claimed upon registration and are a great way to initially fund your betting account, allowing you to have the chance of experiencing a casino you haven’t played at before and try one of their awesome games on offer. You can then create further winnings of this free bet and have more funds to play with.
Not a lot of online casinos can cater for a no deposit bonus and therefore that is why Nektan casinos are such great casinos to start with. Especially if you are new to the casino scene as a whole. Once you have wagered the £5 and you are satisfied with the casino, you can then go on to deposit more funds and continue playing at one of Nektan’s fun casinos.
Nektan Casinos No Deposit Bonuses 2020
| Rating | Casino Sites | Bonus | Claim Here |
|---|---|---|---|
| 1st | Monster Casino | £500 Bonus + 50 Free Spins | Claim Now |
Other types of No Deposit Bonuses
A no deposit bonus can come in a variety of forms. It is not always the case that it is a cash value, although that is the more lucrative no deposit bonus of them all. In some instances, Nektan casinos can offer no deposit free spins, cashback offers, no deposit bonus codes and more. Different Nektan casinos offer different bonuses and therefore it is down to you to choose which one has more value to you. If you are a slot punter, then the free spins may seem to be more inviting for you, whereas if you are wanting to play the Nektan table games, you may want to look towards the cash prize.
Bonus Funds
Nektan casinos are known for offering some tempting bonus funds as part of their no deposit bonus. When a player finds a promotion that is allowing them to claim free cash, it is rare that this type of offer is not snatched up. The no deposit bonus is typically within the region of £5-£10, although in some cases it has been higher.
As nice as these offers may sound, it is important that you read through the terms and conditions of the bonus beforehand, because sometimes all is not what it seems, and the T&Cs can change the outlook and value of the bonus.
Free Spins
This is a type of no deposit bonus in which casino operators as a whole are more persuaded to award as it doesn’t guarantee free money to the player necessarily. Free Spins no deposit bonuses will be more accepted and a better choice for customers that play slot games and therefore if you are not a slot fanatic then this offer probably won’t be one for you and you should tilt towards bonus cash no deposit offers that Nektan casinos provide. When free spins are awarded, it can typically be in a huge sum and it can still create cash wins, more free spins or trigger other bonus features within the slot game. There are a number of Nektan casinos on our list that have a main focus on slot games. They saturate their casino game library with a huge range of Nektan slots that the free spins can be used on.
New Nektan Casino Sites Slots
Risk-Free
A risk-free bonus, or a cashback bonus as you may recognise it, will ensure the customer that they can gamble a certain amount of funds and not have to worry about the probability of it losing. With a risk-free offer, there will typically be a maximum amount that you can bet within the risk-free range, if you wager over this amount, the excess funds will not count as risk-free and therefore if your stake loses, then you will not get the excess funds back. For example, if you made a £30 stake on roulette and only £25 of it could apply for the risk-free offer, if it was to lose, you would not get the extra £5 back. These offers are great as essentially you have nothing to lose and could possibly make a very convincing win.
Bonus Codes
Casino promo codes themselves are not a rarity to find in the casino industry. They are very common for both new and existing customers. No deposit bonus codes are harder to source and can be difficult to find. These bonus codes are to be entered in the required field upon registration or when making a deposit. In some cases, you may be required to contact the Nektan casinos’ customer service in order to receive these codes.
Terms and Conditions
New Nektan Casino Sites No Deposit
As with every bonus offer, whether it be for a Nektan casino promotion or not, there are terms and conditions that must be abided by. These terms and conditions restrict some UK players from being able to access the bonus in question so that it is only available for a niche market of customers, more than likely new players. Typical terms and conditions that apply to a Nektan casino no deposit offer include: New players offer only, max bonus £5, 18+, wagering requirements, payment method exclusions, further t&cs apply.