TIDMGAN
RNS Number : 0978F
GAN PLC
24 October 2018
LONDON STOCK EXCHANGE (LSE): GAN | IRISH STOCK EXCHANGE (ISE):
GAME
GAN extends Simulated Gaming & Patent Licensing agreement
with JACK Entertainment LLC
Leading Michigan & Ohio casino company extends existing
contract for Simulated Gaming
London & Dublin | October 24, 2018: GAN plc ("GAN" or the
"Company"), an award-winning developer and supplier of
enterprise-level B2B Internet gambling software and services in the
United States and Europe, today announces the extension of a
pre-existing agreement with JACK Entertainment LLC, a major US
operator of Simulated Gaming available at www.playJACK.com.
JACK and its affiliates' portfolio of properties include over
13,000 gaming positions, more than 400,000 square feet of gaming
space, 400 hotel rooms, and 48 bars and restaurants. JACK is
comprised of approximately 7,000 team members across four
states.
Highlights
-- Delivering GAN's US-patented iBridge Framework(TM) links the
GameSTACK(TM) Internet gaming system to JACK Entertainment's
existing casino management system deployed in Ohio and
Michigan.
-- The Simulated Gaming(TM) offering is operated from an
instance of the GameSTACK(TM) Internet gaming system deployed in
Las Vegas Nevada.
-- Simulated Gaming(TM) is an innovative internet gaming service
designed by GAN specifically for land-based US casinos, offering a
gaming-as-entertainment consumer website and mobile apps that
include over 200 casino slot and table games, including poker,
backgammon, gin rummy, poker dice and blackjack tournaments.
Management Commentary
Adam Suliman, Vice President of Online Gaming, commented:
"JACK Entertainment is excited to renew and extend GAN's
simulated gaming experience for our casino guests. GAN has proved
to be a great partner, offering our guests a fun and interactive
way to engage with our properties."
Dermot Smurfit, CEO of GAN commented:
"As expected, and in line with our other casino operator
clients' reported experience, JACK has experienced increased patron
loyalty through increased visitation on-property and increased
on-property gaming revenues, as a consequence of engaging with
their patrons online as well as on-property. Simulated Gaming
supports on-property casino visitation among patrons in competitive
regional markets and enables the operator to develop an income
stream as well as an online database in advance of any expected
regulation of Internet gambling."
FAQ's about GAN's Internet Gambling 'Platform' powering
Simulated Gaming
-- Simulated Gaming is operated on the exact same Platform as
regulated Internet gambling delivered for operator clients in New
Jersey and Europe. For investors and Industry analysts: The core of
a "Platform" from both a technical and regulatory standpoint is the
Player Account Management System i.e. where highly sensitive
customer and player activity data is stored and processed. Other
elements of Platform can include a sportsbook transaction engine,
gaming content integrations, payment services, marketing services,
trading services and other ancillary activities. However, the core
functionality to describe B2B systems and services as a 'Platform'
is the Player Account Management System. This is also the layer of
B2B activity which tends to require regulatory approval as a
'Platform' since it is the focal point of data and player security.
Therefore, without the Player Account Management System, a service
provider might be offering very valuable B2B functionality but not
in the strictest sense a 'Platform' (source: Regulus Partners, an
international gambling advisory group).
-- Launched in the US by GAN in January of 2014, Simulated
Gaming(TM) has proven to monetize Internet traffic to existing
websites operated by land-based US casinos at levels greatly
exceeding equivalent numbers generally reported by Social Casino
operators.
-- US casino operators report +50% of their surveyed casino
patrons are already engaged in playing Social Casinos on Facebook
and Simulated Gaming(TM) is proven to increase property visitation
among existing patrons, reactivate lapsed patrons bringing them
back on-property and drive acquisition of new patrons from outside
the typical drive distance to the property.
For further information please contact:
GAN US Investors: The Equity Group
Dermot Smurfit Adam Prior
Chief Executive Officer aprior@equityny.com
+44 (0) 20 7292 6262 212.371.8660
dsmurfit@GAN.com
UK & Ireland Investors: Walbrook
PR
Paul Cornelius
GAN@WalbrookPR.com
+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
GAN | Overview
GAN is a leading B2B supplier of Internet gambling 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 gambling enterprise
software system, GameSTACK(TM), 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 betting and/or virtual Simulated Gaming.
GAN has fourteen (14) casino operators as clients of Simulated
Gaming coast-to-coast across the US and Internationally; two (2)
clients of real money Regulated Gambling in New Jersey; one (1)
client of real money Regulated Gambling in Pennsylvania and ten
(10) clients of real money Regulated Gambling in Europe.
The Internet Gambling System, developed in London under a UK
Gambling Commission license, is certified to the highest technical
standards currently required by gambling 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. In May 2018, the US
Supreme Court repealed PASPA and GAN confirmed the H2 launch of
sports betting for US clients integrated into GAN's enterprise
software platform. In September 2018 GAN launched Internet sports
betting in New Jersey, available as an integrated option alongside
Internet gaming.
For more information please visit www.GAN.com
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END
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