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.
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
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
In the event PASPA is overturned by SCOTUS in H1 2018 the US market
opportunity for retail, online and mobile sports betting deployed
on-property and online is expected to exceed $6bn by 2023 (source:
Eilers & Krejcik Gaming, LLC November 2017).
Internet gaming was effectively out-lawed in the United States during
October 2006 by the Unlawful Internet Gaming Enforcement Act by
prohibiting financial institutions from processing Internet gaming
In 2013 three (3) US States passed laws to regulate Internet gaming
within their borders: Nevada (pop. 2.8m), Delaware (<1m) and New
Jersey (8.9m) comprising a total of 12.6m people representing less
than 4% of the US population (324m). In the neighbouring State of New
Jersey (pop. 9m) the Internet gaming market commenced in November 2013
and generated $197m in gross Internet gaming revenues in calendar year
2016 representing 8.2% of the $2.4bn in land-based gross gaming
revenues generated by New Jersey’s eight (8) casino properties
operational in full or in part throughout 2016.
Both New Jersey and Pennsylvania have passed legislation enabling
existing Internet gaming operators to launch Internet sports betting
in the event PASPA is overturned by SCOTUS.
Pennsylvania has a population of 12.8m, which more than doubles the
number of Americans, who will be legally permitted to wager real money
on Internet casino games following the commencement of Regulated
Gaming in the State of Pennsylvania, anticipated in the first half of
Real money online Regulated Gaming for GAN comprises wholly-regulated
and US-compliant Internet gaming where end user players resident in
wholly-legal jurisdictions deposit & wager real money while playing
casino games online.
GAN received its first full US gaming licence in April 2017 awarded by
the State of New Jersey.
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
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.
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