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Intralot Announces New Board Of Directors For Its U.S. Subsidiary

George Miller

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Intralot Announces New Board Of Directors For Its Us Subsidiary
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INTRALOT announces the appointment of a new Board of Directors at its fully owned US subsidiary, INTRALOT Inc. to include three new Independent Directors.

  • Ambassador (Ret.) Thomas Miller, Non-Executive Chairman and Independent Director
  • Mr. Daniel Rappaport, Non-Executive Vice-Chairman and Independent Director
  • Mr. Nicholas Mitropoulos, Independent Director
  • Mr. Byron Boothe, Director and Interim CEO, INTRALOT Inc.
  • Mr. Nikolaos Nikolakopoulos, Director and INTRALOT Group Deputy CEO

INTRALOT Group Chairman and CEO Mr. Sokratis Kokkalis stated: “I am very pleased to welcome three very senior Independent Directors at the Board of INTRALOT Inc. joining a very experienced team, in support of our efforts to strengthen corporate governance as a driver for growth and customer satisfaction.”

Thomas Miller is a former American diplomat and three-times U.S. Ambassador, including ambassadorships in Greece, Bosnia-Herzegovina, and as Cyprus negotiator. He has also served as CEO of Plan International, a UK-based NGO, working to help children in developing countries; President/CEO of International Executive Services Corps (IESC); President of the United Nations Association; Chairman of the International Commission of Missing Persons (ICMP); and a board member of The Partnership for a Secure America. He is a member of the Council on Foreign Relations.

Daniel Rappaport has served as Chairman of the Board/CEO of the New York Mercantile Exchange (NYMEX); member of the National Petroleum Council (NPC); and member of the U.S. Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee. He served as a board member of the Futures Industry Institute, a trustee on the Board of Trustees of New York Law School, and as an appointment of the Governor of the State of Connecticut on the board of directors of Connecticut Innovations.

Nicholas Mitropoulos is a political and business consultant who has previously worked with the Monitor Company. He served as Executive Director of the Taubman Center for State and Local Government at the Harvard Kennedy School, was the Director of the Forum at the Kennedy School, as well as Deputy Director of Institute of Politics at Harvard.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling in the USA

$uper Hit$® Jackpot$ Awards its 50th Jackpot

Niji Narayan

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$uper Hit$® Jackpot$ Awards its 50th Jackpot
Image Source: thevirtualgames.com
Reading Time: 1 minute

 

Aristocrat’s $uper Hit$® Jackpot$ has awarded its 50th jackpot. A lucky player of the Riverstar Casino in Oklahoma hit the 50th jackpot on the 777 Bourbon Street™ game.

$uper Hit$ Jackpot$ is a 3-reel mechanical wide area progressive appearing on top of player-favorite Aristocrat Class II game titles and has a starting jackpot of $250,000.

“We are thrilled to announce this 50th $uper Hit$ Jackpot$ award. Players everywhere love Aristocrat Class II games, and the added possibility to win a super jackpot adds to the fun. $uper Hit$ Jackpot$ was a game-changing innovation, and our teams continue to create new games and ways for players to maximize their gaming experience,” Nathan Drane, vice president of commercial strategy for game sales said.

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Gambling in the USA

Oklahoma AG Hires Dykema Gossett to Represent the State in Gaming Talks

Niji Narayan

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Oklahoma AG Hires Dykema Gossett to Represent the State in Gaming Talks
Photo Source: kayak.com
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Mike Hunter, the Attorney General of Oklahoma, has agreed to pay Dykema Gossett up to $250,000 to represent the state in negotiations with Oklahoma-based Native American tribes over compacts that allow gambling. Republican Mike Hunter’s office has signed the agreement with the national law firm Dykema Gossett.

“When dealing with issues as complex as compact negotiations, it is important to have experts with experience in this area. Dykema has a proven record of success in tribal compact and gaming negotiations. We believe with their help, we can achieve a successful outcome for both the state and our tribal partners,” Hunter spokesman Alex Gerszewski said.

Discussions between the state and the tribes got off to a rocky start this summer when new Republican Gov. Kevin Stitt said he wanted to renegotiate the deals, suggesting the state should get a larger share of gambling revenue.

Oklahoma’s current gambling compacts call for the tribes to pay the state between 4% and 10% of a casino’s net revenue in “exclusivity fees.” Those fees generated nearly $139 million in payments to the state last year on roughly $2.3 billion in revenue from games covered under the compacts.

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Gambling in the USA

GAN Reports Strong August 2019 Internet Gambling Growth for New Jersey

George Miller

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GAN Reports Strong August 2019 Internet Gambling Growth for New Jersey
Reading Time: 2 minutes

 

GAN plc, an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, updated the market following the publication on September 12, 2019, by the New Jersey’s Division of Gaming Enforcement (“DGE”) of Internet gaming and Internet sports betting financial information for the calendar month of August 2019 in New Jersey.

Highlights from the DGE include:

  • Internet Gaming Win was $41.1 million in August compared to $24.8 million in the prior year period, reflecting a year-over-year increase of 65.7%.
  • Total Internet Sports Wagering Handle(1) was approximately $249.2 million for the month of August, compared to:
    • $213.0 million for the month of July 2019;
    • $226.7 million for the month of June 2019; and
    • $263.6 million for the month of May 2019.
  • Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of August were $19.2 million, compared to $3.1 million in the prior year period August 2018, reflecting a year-over-year increase of 514.7% and is further comparable to:
    • $13.9 million for the month of July 2019;
    • $6.9 million for the month of June 2019; and
    • $13.7 million for the month of May 2019.
  1. Gross amount of money accepted in wagers
  2. Internet Sports Wagering Gross Revenues may vary from month to month due to the payouts for future events occurring months after the original wager was made and unredeemed winning wagers from prior months will become deductible upon redemption in future months

This information will be updated and published each month, following publication by the DGE, in order to enable the investor community to readily monitor growth of Internet gambling in New Jersey, which remains a key market for GAN.

 

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 provided by GAN’s Digital Marketing Agency in Tel Aviv, Israel.

GAN is listed on the London Stock Exchange (LSE: GAN).

For more information please visit www.GAN.com.

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