Nektan Gibraltar Ltd

Coin Falls Sister Sites

Coin Falls Casino closed permanently on 31 May 2021 after operating under Nektan Gibraltar Ltd. This article examines its verified sister sites, the Nektan network, and what NZ players should consider if they are looking for alternatives.

Licence · Gibraltar Regulatory Authority; UK Gambling Commission (historical)

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What Was Coin Falls Casino?

Coin Falls Casino was an online gambling site that operated under a Gibraltar licence and catered primarily to UK players, though it was accessible offshore in markets including New Zealand. The casino was owned and run by Nektan Gibraltar Ltd, a subsidiary of the publicly listed Nektan plc, a company that built its business around a white-label casino platform. On 31 May 2021, Coin Falls closed its doors permanently. Any player accounts that held balances at the time of closure were reportedly given notice and instructions for withdrawal, though I treat specific settlement claims as unverified unless corroborated by formal regulatory records.

For New Zealand players investigating coin falls sister sites today, the important starting point is accepting that the brand no longer exists in any operational form. The site does not accept registrations, process deposits, or pay out winnings. Any third-party site presenting Coin Falls as an active option should be approached with considerable caution.

Who Operated Coin Falls — and Why Does That Matter?

Understanding Coin Falls requires understanding Nektan. Nektan plc was a Gibraltar-based technology and gaming company that provided a white-label platform to dozens of casino brands. In simple terms, Nektan built and maintained the underlying software, payment infrastructure, and regulatory licences, while individual brands like Coin Falls served as the customer-facing layer. This structure meant that coin falls sister sites were, in effect, every other casino brand running on the Nektan platform.

At its operational peak, Nektan reportedly powered more than 40 branded casino sites across multiple jurisdictions. The Gibraltar Regulatory Authority issued the master licence, and a number of these brands also carried UK Gambling Commission approval for British-facing operations. For NZ players, neither of these licences carries direct domestic weight — New Zealand’s Department of Internal Affairs governs remote interactive gambling under the Gambling Act 2003, and no offshore operator holds a domestic NZ licence. Players in New Zealand who used Coin Falls or its sister casinos did so under the terms of an offshore-licensed operator, meaning dispute resolution, player protection standards, and responsible gambling tools were governed by Gibraltar and UK frameworks rather than any local body.

After Nektan plc entered administration proceedings and underwent significant restructuring around 2019–2020, a number of its branded sites were transferred, wound down, or sold. The Coin Falls brand was ultimately discontinued. I have not been able to independently verify the exact corporate sequence of events that led to the May 2021 closure, and I treat any claims about post-closure asset transfers as unverified.

Verified Coin Falls Sister Sites — What the Evidence Shows

Given Nektan’s white-label model, coin falls sister sites were the other casino brands sharing the same platform, infrastructure, and licence. Several of these have been documented across industry sources. Below is a comparison of the brands most consistently associated with the Nektan network during Coin Falls’ operational period.

Casino Brand Operator / Platform Licence (Historical) Status
Vinn Casino Nektan Gibraltar Ltd Gibraltar Regulatory Authority Reportedly closed / transferred
Moon Games Nektan Gibraltar Ltd Gibraltar + UKGC Reportedly closed
Magical Vegas Nektan Gibraltar Ltd Gibraltar + UKGC Status not publicly confirmed
Coin Falls Nektan Gibraltar Ltd Gibraltar + UKGC Closed 31 May 2021

It is worth noting that the operational status of many former Nektan brands is difficult to confirm with precision. The company went through administration, and some licences and domains were acquired by other entities. If you are searching for casinos like Coin Falls as a way of finding an active alternative, the brands listed above are not reliable current options — they carry similar closure risk or have already shut down.

Are there any genuinely active casinos that share the Coin Falls spirit? My view is that the most honest answer is: not within the direct Nektan network. Players looking for related casino brands in a broader sense — meaning sites with a similar lightweight slots-and-mobile focus — would need to look beyond the former Nektan portfolio entirely.

How Does the Nektan Network Compare to Other Multi-Brand Operators?

For context, it is useful to compare Nektan’s structure and track record with other multi-brand operators that NZ players might encounter. The key distinctions are licence quality, network size, and post-closure behaviour.

Factor Nektan (Coin Falls Network) Typical Active Multi-Brand Operator
Licence Jurisdiction Gibraltar (now largely void) Malta (MGA), Gibraltar, or Curaçao
NZ Accessibility Was accessible; now closed Varies by operator policy
Network Size at Peak 40+ white-label brands Typically 5–30 brands
Operator Transparency Low post-restructuring Variable; MGA operators generally higher
Player Dispute Route Gibraltar GRA (historical) MGA or eCOGRA depending on licence
NZD Payment Support Not publicly confirmed Varies; NZD not always offered
Closure Risk Signal High — entered administration Lower at licensed, audited operators

This comparison is worth bearing in mind when evaluating alternatives to Coin Falls. A casino backed by a Malta Gaming Authority licence, for instance, carries significantly more transparency obligations and player protection requirements than a Gibraltar white-label from an operator that later entered financial difficulties. If you are a New Zealand player deciding where to gamble online, the operator’s financial stability and licence jurisdiction are two of the most important signals to assess — more important, in my view, than whether a site shares a name or theme with a brand you have used before.

What Should NZ Players Know About Coin Falls’ Closure?

The closure of Coin Falls raised a question that comes up repeatedly in the online casino space: what happens to player funds when a casino shuts down? According to available reporting at the time, Nektan gave players advance notice and a window during which they could withdraw balances. However, I treat claims about smooth fund recovery as unverified without individual confirmation. Players who experienced difficulties were theoretically able to escalate complaints to the Gibraltar Regulatory Authority, though the practical effectiveness of that route for offshore NZ-based players is uncertain.

This is precisely why New Zealand’s Gambling Act 2003 matters even to players accessing foreign-licensed sites. The Act does not criminalise individual players for using offshore casinos, but it does mean that players have no domestic regulatory body to appeal to if things go wrong. If Coin Falls had been a New Zealand-licensed operator — which it was not, and no offshore operator currently holds such a licence — the DIA would have oversight. As it stands, NZ players who lost funds in the Coin Falls closure had limited formal recourse domestically.

Could the same happen at Coin Falls sister sites or similar white-label casinos? The honest answer is yes — any casino operating on a financially stressed platform faces this risk. Vetting an operator’s financial health is genuinely difficult for individual players, but looking at how long a site has been operational, whether its parent company is publicly listed or audited, and whether it holds a well-regarded licence (MGA, UKGC, or Gibraltar at minimum) are reasonable starting signals.

Alternatives to Coin Falls for New Zealand Players

Since coin falls sister sites either no longer operate or carry the same historical risk profile as Coin Falls itself, NZ players are better served by looking at casinos outside the former Nektan network. There are a number of larger, independently operated casino platforms with clearer ownership structures, active licences, and documented track records of paying NZ players.

When assessing alternatives to Coin Falls, I look at several factors: Does the operator hold a current licence from a reputable jurisdiction? Is there a documented process for NZ player withdrawals in NZD or major currencies? Are responsible gambling tools — deposit limits, self-exclusion, cooling-off periods — available and visible? Does the casino have an established complaints history and an independent ADR body?

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Frequently asked

About the Nektan network

Is Coin Falls Casino still open?

No. Coin Falls Casino permanently closed on 31 May 2021. It no longer accepts player registrations, deposits, or withdrawal requests. Any site claiming to represent active Coin Falls operations should be treated with significant scepticism.

Who owned Coin Falls Casino?

Coin Falls was owned and operated by Nektan Gibraltar Ltd, a subsidiary of Nektan plc. Nektan was a white-label casino platform provider that operated dozens of branded casino sites under a Gibraltar Regulatory Authority licence, with some brands also holding UK Gambling Commission approval.

What were the main sister sites of Coin Falls?

Documented Nektan sister brands that shared the same platform as Coin Falls included Vinn Casino, Moon Games, and Magical Vegas. However, the operational status of these brands is not publicly confirmed, as Nektan underwent administration and many of its sites were wound down or transferred to other entities.

Can New Zealand players get a refund if they had funds in Coin Falls at closure?

NZ players with funds in Coin Falls at the time of closure had limited formal domestic recourse, as New Zealand's DIA does not regulate offshore casinos. Complaints could theoretically have been directed to the Gibraltar Regulatory Authority, but the practical outcome for offshore players is uncertain. If you believe you are still owed funds, seeking independent legal advice or contacting the Gibraltar GRA directly is the recommended course of action.

What should NZ players look for in a Coin Falls alternative?

When searching for alternatives to Coin Falls, New Zealand players should prioritise casinos that hold a current licence from a reputable jurisdiction such as Malta (MGA), Gibraltar, or the Isle of Man; offer a documented withdrawal process with reasonable processing times; support payments in NZD or major currencies; and provide clear responsible gambling tools including self-exclusion and deposit limits.

What should I verify on the casino before depositing?

Check the current operator name, licence notice, bonus terms, withdrawal rules, payment methods and safer-gambling tools on the casino itself before treating any review as complete.

Reviewed by

Grant Bradley
Grant Bradley

Senior writer, SisterSitesNZ

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