Stay Informed.News

GAN Launches New Simulated Internet Sports Betting

12 October, 2020
GAN Launches New Simulated Internet Sports Betting
Product portfolio expansion delivers simulated Internet sports betting experience in advance of expected legislation in Ohio
 
Irvine, California | October 8, 2020: GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading business-to-business supplier of internet gaming software-as-a-service solutions primarily to the U.S. land-based casino industry, today announced the launch of a simulated Internet sports betting experience for an existing major midwestern region retail casino operator client and available at PlayJACK.com.
 
Available online, simulated sports betting represents a material extension of GAN’s current Simulated Gaming product and leverages the existing technical integration between GAN’s GameSTACK enterprise software platform, alongside sports betting technology partner Kambi.
 
Sports gamblers can easily sign up online, commence sports betting purely for entertainment purposes, and see how they perform relative to other sports gamblers in their state. All major U.S. sports events are available together with a full range of pre-game and in-running betting, powered by Kambi.
 
GAN’s retail casino operator clients of Simulated Gaming can now seek to gain an advantage previously only enjoyed by major Daily Fantasy Sports operators by acquiring future sports gamblers online today, at a lower marketing cost than the expected cost tomorrow, once the real money regulated sports betting market commences. Equipped with this ‘Industrial strength’ simulated sports wagering experience, GAN clients can now appeal to and engage online with the young-to-middle-aged male sports gambler who sits at the center of the Internet sports gambling consumer demographic and future Internet sports betting revenue opportunity.
 
Management anticipates the addition of simulated sports betting to accelerate sales of Simulated Gaming to additional U.S. retail casino operators. GAN’s integrated solutions offer both simulated Internet casino gaming to our partners’ existing retail customers, as well as simulated sports betting that will appeal to a younger consumer demographic not already present within their retail casinos.
 
Tom Ustunel, Vice President of Gaming Operations, commented: 
 
“The addition of simulated Internet sports betting is a natural extension of our existing product offering with key partners, as it offers sports bettors, in any state, the ability to participate in active sporting events with the added benefit of full integration with rewards program. We will continue to work closely with relevant partners on all aspects of our current and subsequent rollouts, including plans for the launch of real money Internet sports betting and casino gaming, pending regulation.”
 
About GAN Limited
GAN is a leading business-to-business supplier of internet gambling software-as-a-service solutions predominantly to the U.S. land-based casino industry. GAN has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses to land-based casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming.
 
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements, including statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate” and similar statements of a future or forward-looking nature. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update or revise any forward-looking statements for any reason, except as required by law.
 
Investor Contacts:
 
GAN
Jack Wielebinski
Head of Investor Relations
(214) 799-4660
jwielebinski@GAN.com
 
Alpha IR Group
Sofia Byrne or Chris Hodges
(312) 445-2870
GAN@alpha-ir.com
 
 

Recent News

2 February, 2021
GAN Announces New Simulated Client: Seneca

GAN announces new simulated gaming client, Seneca Gaming Corporation. 

Dowload the full release in PDF here:

GAN _ Seneca SIM GAM Launch - FINAL CLEAN.pdf

Read Full Article
22 January, 2021
GAN Announces Multiple Client Launches in Michigan

Irvine, California | January 22, 2021: GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading full-service internet gaming software-as-a-service provider to the real money internet gaming and online sports betting industries, announced that today is the commencement date for Michigan’s internet gambling market and GAN’s three related client launches: Churchill Downs, Wynn Resorts, and FanDuel Group. Earlier this week, the Michigan Gaming Control Board approved nine Business-to-Consumer (“B2C”) operators to launch today, in time for the Super Bowl. GAN is powering three of those nine, which are all leveraging GAN’s technical platform for internet sports betting and/or internet casino gaming. According to Regulus Partners and Macquarie Research, the state of Michigan is expected to generate $439 million in Gross Operator Revenue during the balance of 2021, increasing to $724 million in 2022 and $969 million in 2023.
Today GAN simultaneously launched three operator clients online in Michigan, including FanDuel Group’s online casino and two new GAN clients, Churchill Downs and Wynn Resorts, secured in June and September 2020, respectively.

Read Full Article
15 January, 2021
GAN To Participate in Needham Virtual Growth Conference

Irvine, California | January 15, 2021: GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading full-service internet gaming software-as-a-service provider to the real money Internet gaming and online sports betting industries, today announced that senior management will participate in the 23rd Annual Needham Virtual Growth Conference on Friday, January 15, 2021. The team will be conducting one-on-one and group meetings with investors that attend the conference. All support materials, including an investor presentation that will be used at the conference, will be available to investors on the investor relations section of the Company’s website before the conference begins.

Read Full Article
Top of page