GAN extends contract with New Jersey and obtains gaming manufacturer license in Pennsylvania

GAN plc, a top-notch developer and supplier of gaming software and content, has extended their Parx casino contract with the State of New Jersey. The company has also obtained a gaming manufacturer’s license from the Pennsylvania Gaming Control Board (PGCB).

The PGCB has conditionally approved GAN plc as an Interactive Gaming Manufacturer. This is GAN’s second gaming license in the US after the full Casino Service Industry Enterprise license in the neighbouring State of New Jersey in April 2017.

The Pennsylvania licensing fee now payable of $10,000 is significantly lower than the Company’s previous expectations for $1M in direct licensure costs for delivering interactive gaming services to clients in Pennsylvania.

GAN further notes the conditional license by the PGCB of Betfair Interactive US, LLC (“Betfair”) for a Sports Wagering Operator License. Betfair and its parent company FanDuel Group is a client of GAN for Internet gambling services in the State of Pennsylvania as previously announced on January 10, 2019.

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 provided by GAN’s Digital Marketing Agency in Tel Aviv, Israel. For more information please visit www.GAN.com