Stay Informed.News

GAN Welcomes Legalization of Sports Gambling in TN

28 May, 2019
 
 
 

LONDON STOCK EXCHANGE (LSE): GAN – EURONEXT DUBLIN (EURONEXT GROWTH): GAME
 
GAN Welcomes the Legalization of Internet Sports Gambling in the State of Tennessee
 
London & Dublin - May 28, 2019: 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, welcomes the signing and legalization of internet sports betting in Tennessee, allowing state-wide sports wagering exclusively via mobile and internet. Tennessee is the 12th State to legalize sports wagering in the US and the fourth to do so this year. Following the launch, 16% of the total US population will be able to place sports wagers online.
 
The Tennessee legislature passed a bill in the first week of May permitting online sports betting only on a State-wide basis, expected to commence on July 1st. The bill has now moved to the Governor, who has allowed the bill to become law without his signature. The law came into effect on May 25th.
 
There are no physical casino locations in the State of Tennessee. However, with an estimated population of 6.8 million the legalization of online sports wagering is expected to be material to GAN’s business, as the Company anticipates existing clients to extend their online GAN-supported operations into the State of Tennessee in 2019.  
 
About GAN Plc
GAN is a leading business-to-business (“B2B”) supplier of internet gambling software-as-a-service solutions (“SaaS”) to the US land-based casino industry. The Company has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming.  The Company has also launched digital user acquisition & retention marketing in support of the Internet Casino (https://casino.winstar.com) provided by GAN’s Digital Marketing Agency in Tel Aviv, Israel.
 
GAN is listed on the London Stock Exchange (LSE: GAN) and on Euronext Dublin (Euronext Growth: GAME).
 
For more information please visit www.GAN.com.
 
 

 
For further information please contact:
 
GAN US Investors: The Equity Group
Jameson Wang Adam Prior
VP, Investor Relations & Analytics [email protected]
+1 (310) 384-1132 212.371.8660
[email protected]  
  UK & Ireland Investors: Walbrook PR
  Paul Cornelius
  [email protected]
  +44 20 7933 8780
 
  Davy (Nominated Adviser, ESM Adviser and Joint Broker)  
  John Frain / Barry Murphy  
  +353 1 679 6363  
   
Liberum (Joint Broker)
 
  Neil Patel / Cameron Duncan  
  +44 (0) 20 3100 2000  

Recent News

17 July, 2020
GAN Provides June 2020 Internet Gambling Market Update for Pennsylvania

London | July 17, 2020: GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading business-to-business supplier of internet gambling software-as-a-service solutions primarily to the U.S. land-based casino industry, today updated the market following the publication on July 16, 2020, by the Pennsylvania Gaming Control Board (“PGCB”) of historical Internet gaming and Internet sports betting financial information for the State of Pennsylvania during the calendar month of June 2020. 

Read Full Article
15 July, 2020
GAN Provides June 2020 Internet Gambling Market Update for New Jersey

London | July 15, 2020: GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading business-to-business supplier of internet gambling software-as-a-service solutions primarily to the U.S. land-based casino industry, today updated the market following the publication on July 14, 2020, by New Jersey’s Division of Gaming Enforcement (“DGE”) of historical Internet gaming and Internet sports betting financial information for the State of New Jersey during the calendar month of June 2020. 

Read Full Article
8 July, 2020
GAN Announces Addition to the Russell Indexes

London | June 29, 2020: GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading business-to-business supplier of internet gambling software-as-a-service solutions primarily to the U.S. land-based casino industry, today announced that the Company has been added to the Russell 2000®, Russell 3000® and Russell Microcap® Indexes, effective after the U.S. markets open on Monday, June 29, 2020, as part of the 2020 Russell U.S. Indexes reconstitution.

Read Full Article
Top of page