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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 |
Pennsylvania’s market leading casino files $10m application in preparation for iGaming launch utilizing GAN’s US-patented technology
GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, today confirms Greenwood Gaming & Entertainment, Inc. trading as ‘Parx Casino’ (“Parx Casino”) has filed a petition with the Pennsylvania Gaming Control Board (“PGCB”) confirming Parx Casino’s intention to launch Internet gaming online in the State of Pennsylvania and identifying GAN as their enterprise software platform provider.
Parx Casino launched GAN’s Simulated Gaming in March 2015, which will remain operational and available online at ParxOnline.com following the launch of real money regulated Internet gaming.
Highlights
Management Commentary
Dermot Smurfit, CEO of GAN commented:
“Parx Casino and GAN have collaborated well for three years, developing a close working relationship by operating Simulated Gaming online. Launching regulated real money Internet gaming in Pennsylvania is a logical extension of our existing long-term relationship and we welcome the opportunity to deliver excellence in technology and product, as we have for our clients in New Jersey.”
John Dixon, CTO of Greenwood Entertainment & Racing, Inc commented:
“GAN has demonstrated its Regulated Gaming capability in New Jersey and the merits of integrating with a casino management system. Parx Casino will have the opportunity to launch Regulated Gaming in Pennsylvania later this year, subject to the regulatory approval of the PGCB.”
Notes
1 Eilers & Krejcik Gaming, LLC | ‘Pennsylvania Gambling Expansion – Overview and Analysis’ November 8, 2017
FAQ’s about Pennsylvania, Internet Gaming, GAN’s Patent & relevant legislation
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 fourteen (14) 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 January 2018 GAN announced a strategic partnership with SBTECH, a leading European B2B sports betting technology provider. 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. In May 2018, the US Supreme Court repealed PASPA and GAN confirmed the H2 launch of sports betting for US clients integrated into GAN’s enterprise software platform.
For more information please visit www.GAN.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180716005572/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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