TMCnet News
GAN Announces GOLDBET as Its 9th Client in ItalyGAN 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 that it has signed a multi-year agreement with GOLDBET Srl ("Goldbet") a leading Italian Internet sports betting & casino gaming operator in Italy's regulated market. GAN delivers more 500+ high-quality casino slots, table games and non-traditional games in Italy to eight Italian clients who together represent more than forty per cent of Italy's Internet casino gaming market by Gross Gaming Revenue. Goldbet has approximately three per cent market share of Internet casino gaming in Italy and is anticipated to be accretive to GAN's Net Revenues and EBITDA derived from Italy commencing in H2 2018. Management Commentary Dermot Smurfit, CEO of GAN commented: "Italy remains a strategic stronghold for GAN and represents a substantial long term investment in a market which first regulated Internet skill-based games in 2009, Casino Table games in 2011 and Casino Slot Games in 2013. The Italian regulated Internet gaming market appears locked in a structural growth cycle which GAN continues to benefit from by delivering an increasing number of high quality Internet casino games to its clients. We very much welcome the addition of Goldbet as our ninth client in Italy." FAQ's about GAN's Italian real money online Regulated Gaming
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 United States. For more information please visit www.GAN.com
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