GAN is pleased to announce the launch of video slot game Jack and the Beanstalk, for GAN client Betfaircasino.com in New Jersey. This is the first real money product that GAN has launched in concert with Net Entertainment, and strengthens the existing relationship between the two companies that has already produced many top-of-the-line video slot games for the GAN Simulated Gaming™ offering, both in the United States and across the globe.
Jack and the Beanstalk is a 5-reel 3-row video slot game that brings a classic fairy tale to life. The slot has several bonus features, such as Free Spins, Wild Symbols and Scatter Symbols. When three or more Scatter symbols appear the player wins 10 Free Spins, with the potential to win up to 5 more on top. During the Free Spins mode, the player could find Stacked Money Bags, Golden Hens or Golden Harps. Finding these special symbols will lead to massive winnings.
Dermot Smurfit, CEO of GAN commented:
“I’m very pleased to be able to announce this news. We have been very pleased with the success seen with our Simulated Gaming™ product as a result of our collaboration with Net Ent, and we look forward to replicating that success with Betfaircasino.com for Real Money Gaming, as well as bringing industry-leading content to gamblers in New Jersey”.
FAQ’s about GAN’s Simulated Gaming™
GAN | Overview
GAN is a leading developer and supplier of enterprise-level Business to Business gaming software systems and online gaming content. GAN is listed on the ESM Market of the Irish Stock Exchange and the AIM Market of the London Stock Exchange under the ticker: GAME
The Company has developed an Internet gaming enterprise software system, GameSTACK™, which it licenses to online and land-based gaming operators as a turn-key technology solution for both regulated real-money and simulated online gaming. The Internet Gaming System, developed in London under a UK Gaming Commission licence, is certified to the highest technical standards currently required by gaming regulators.
GAN is also a leading developer of proprietary online games with a complementary business converting offline casino slot machines and table games into online equivalents on behalf of major land-based slot machine manufacturers including Aristocrat, Konami, Multimedia Games (Everi Holdings), Incredible Technologies, GamoMat, Reel Time Gaming, High Flyer Games, DEQ Systems Corp (EZ BACCARAT®) and Ainsworth.
GAN has an established business in Europe, licensing gaming content to UK, Spanish and Italian gaming operators including Bet365, Rank, Lottomatica, Sisal MatchPoint and SNAI.
In the United States, GAN has partnered with Betfair Plc to provide its Internet Gaming System following the introduction of regulated real-money online gaming in New Jersey in November 2013. In New York, GAN has launched a Simulated Gaming™ website via Empire City Casino in September 2014. In Pennsylvania, the Company launched a Simulated Gaming™ website with Parx Casino in March 2015 with on-property real money mobile gaming anticipated in 2016. In March 2015 Maryland Live! Casino in Maryland chose GAN to upgrade their existing free-to-play website to a monetized Simulated Gaming™ website, launched in early August 2015. Also in August 2015 major Californian Tribal casino operator San Manuel chose GAN’s Simulated Gaming™ and launched in November 2015. In December 2015 Borgata Hotel Casino & Spa in New Jersey chose GAN to launch a Simulated Gaming™ product in the first half of 2016, as did one of the United States largest regional casino operating groups, Isle of Capri. In February 2016, GAN announced a deal to provide Simulated Gaming™ to Rock Gaming LLC, a leading Midwestern casino group.
In Australia, GAN has partnered with and launched for a consortium of land-based gaming venue operators the www.Club8Casino.com.au Simulated Gaming™ website
London | 13 September 2019: GAN plc (“GAN” or the “Group”), a leading B2B supplier of Internet gambling enterprise software-as-a-service solutions to the land-based casino industry, announces its operating and financial results for the six months ended 30 June 2019.
· Group Net Revenue of £11.3m (H1 2018: £4.6m), an increase of +145%
· Clean EBITDA1 profit of £3.0m (H1 2018: clean EBITDA loss of £0.3m)
· Profit after tax of £0.7m (H1 2018: loss after tax of £3.0m)
· Basic earnings per share of £0.01 (H1 2018: loss per share £0.04)
· Cash and cash equivalents at 30 June 2019 of £9.1m (£5.5m at 31 December 2018)
· United States accounted for 78% of Net Revenue including £3m derived from patent licensing
London | 13 September 2019: GAN plc (“GAN” or the “Group”), a leading B2B supplier of Internet gambling enterprise software-as-a-service solutions to the land-based casino industry, today announces the conclusion to its review of strategic alternatives commenced on 29 March 2019, and provides a trading update.Read Full Article