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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gan Plc | LSE:GAN | London | Ordinary Share | GB00BGCC6189 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 225.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
GAN plc (“GAN” or the “Company”) a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry, today announces a strategic relationship with SBTECH to serve real money sports betting to GAN’s diverse US casino operator clients (“Clients”). Integrated with GAN’s GameSTACK™ enterprise software platform, SBTECH’s sports betting solution is anticipated to be delivered to selected Clients’ end users engaging via both the Internet and retail channels. GAN’s Clients together represent more than seventy casino properties located coast-to-coast generating in excess of $8bn in land-based casino gaming revenues annually.
This strategic partnership positions both GAN and SBTECH in the event the Supreme Court of the United States (“SCOTUS”) overturns or otherwise modifies the current Federal US prohibition on sports betting enshrined with the Professional and Amateur Sports Protection Act 1992 (“PASPA”).
SBTECH is a leading European B2B provider of sports wagering technology and related managed services including sports trading, odds compilation and risk management.
Management Commentary
Dermot Smurfit, CEO of GAN commented:
“GAN has been asked by several Clients to review, procure and support the delivery of a sports betting solution both online and in the on-property retail channel in the event PASPA is overturned. We have conducted a lengthy diligence process in Europe to identify a preferred sports betting partner based on their technical capability, US licensing suitability, ability to integrate seamlessly with GAN’s enterprise software platform and the sophistication of their managed sports services. We are delighted to announce this strategic relationship with SBTECH.”
Richard Carter, CEO for SBTECH commented:
“GAN is a licensed, trusted partner to more than a dozen US casino operators equipped with unique intellectual property and a proven track record in delivering and growing Internet gaming businesses in the United States. This partnership is logical for SBTECH and permits SBTECH to rapidly introduce its sports betting technology and services to a wide range of US casinos with a view to being the first to settle a US sports bet online and on-property in States such as New Jersey and Pennsylvania, in close collaboration with GAN.”
FAQs about US regulation & GAN’s real money online Regulated Gaming
GAN | Overview
GAN is a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry. GAN is listed on the ESM Market of the Irish Stock Exchange and the AIM Market of the London Stock Exchange under the ticker: GAN.
The Company has developed an Internet gaming enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for both regulated real-money and/or virtual Simulated Gaming. GAN has thirteen (13) casino operators as clients of Simulated Gaming coast-to-coast across the US and Internationally; two (2) clients of real money Regulated Gaming in New Jersey; one (1) client of real money Regulated Gaming in Pennsylvania and ten (10) clients of real money Regulated Gaming in Europe.
The Internet Gaming System, developed in London under a UK Gambling Commission license, is certified to the highest technical standards currently required by gaming regulators. In April 2017 GAN was granted a Casino Service Industry Enterprise license by the New Jersey Division of Gaming Enforcement being GAN’s first privileged gaming license in the United States.
For more information please visit www.GAN.com.
SBTECH | Overview
SBTech is the leading B2B supplier to the online betting and gaming industry in regulated markets worldwide. Its award-winning sportsbook platform is widely acknowledged as the industry’s leading solution offering operators best-in-class technology. SBTech is also recognised as one of the leading innovators when it comes to ground-breaking betting products and features.
The company’s recently-launched Managed Services offers gaming companies the opportunity to choose the services they want to manage or leave to SBTech; such as CRM, compliance or risk management.
As a member of the American Gaming Association’s sports betting taskforce, SBTech is proud to support the US gaming industry’s efforts to regulate its sports betting sector and work towards the best possible regulatory framework in the country. Defined by technical excellence, a powerful sportsbook engine and informed by deep market knowledge, SBTech’s innovative solutions deliver competitive edge and rapid growth for its clients.
For more information on SBTECH please visit www.SBTECH.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180116005358/en/
GANDermot Smurfit, +44 (0) 20 7292 6262Chief Executive Officerdsmurfit@GAN.comorUS Investors: The Equity GroupAdam Prior, 212-371-8660aprior@equityny.comorUK & Ireland Investors: Walbrook PRPaul Cornelius, +44 20 7933 8780GAN@WalbrookPR.comorDavy (Nominated Adviser, ESM Adviser and Joint Broker)John Frain / Barry Murphy, +353 1 679 6363orLiberum (Joint Broker)Neil Patel / Cameron Duncan, +44 (0) 20 3100 2000
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