GAN Welcomes Approval of Regulated Real-Money iGaming in Pennsylvania
London & Dublin | June 29, 2016: GameAccount Network 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 welcomes the approval of a bill by The House of Representatives in Pennsylvania that includes provisions for the legalisation of full real money Internet casino gaming in the state.
The bill titled HB 2150 was approved by the House of Representatives on its third consideration yesterday and has now gone to the Senate for their approval and, if approved by the Senate, will be presented to the Governor of Pennsylvania for signing into law.
Dermot Smurfit, CEO of GAN commented on the development:
“This approval is a significant step in support of continued regulation of Internet gaming in America. We are delighted to welcome yesterday’s approval of HB 2150 by The House of Representatives in Pennsylvania, long-anticipated to become America’s fourth State to regulate Internet casino gaming.
Passage of this bill into law will allow us to commence real money Internet casino gaming from our enterprise-level Internet gaming platform already deployed on-property for Pennsylvania’s largest land-based casino and currently delivering Simulated Gaming integrated with the property’s reward program in preparation for regulated real money Internet gaming.
We are one of the few European internet gaming companies with significant experience in the US land-based casino Industry and we are extremely well positioned to continue with our stated strategy of providing our award-winning Internet gaming system for real-money gaming in America’s regulated markets.
The anticipated passing of bill HB 2150 will be a very positive development for GAN.”
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.
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
Irvine, California | January 14, 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 it has signed its first Letter of Intent (“LOI”) with an existing client to provide its new ‘Coolbet’ sportsbook engine, which is currently being technically integrated for U.S. deployment by GAN, for operational rollout in the Commonwealth of Virginia as an internet-only mobile-first sports betting experience, subject to regulatory approvals and operator client licensure. The LOI is non-binding and contingent on the client being awarded an Internet sports betting license in the Commonwealth of Virginia, as well as other factors.Read Full Article