GAN PLC Regulation of Internet Gambling in Iowa (0824Z)
15 May 2019 - 4:50PM
UK Regulatory
TIDMGAN
RNS Number : 0824Z
GAN PLC
15 May 2019
LONDON STOCK EXCHANGE (LSE): GAN - EURONEXT DUBLIN (EURONEXT
GROWTH): GAME
GAN Welcomes Regulation of Internet Gambling in Iowa
London & Dublin - May 15, 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 sports betting in Iowa, including state-wide use of
mobile and internet wagering. Iowa is the 11(th) State to legalize
sports betting in the US and the third to do so this year.
With 19 casinos eligible to offer sports betting in the State of
Iowa and a population of 3.2 million, the number of Americans who
will be permitted to bet on sports online materially increases. GAN
is strongly positioned to serve Iowa's casino operators and
anticipates servicing one or more land-based casino in the state in
2019.
Management Commentary
Dermot Smurfit, CEO of GAN commented:
"Iowa is the third state to legalize sports betting in 2019,
following Indiana and Montana, both of which passed legislation in
the past few weeks. Although there is no saying for certain, we
anticipate this trend to continue, and remain prepared to service
more States as they come online."
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(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 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
Vice President, Investor Relations aprior@equityny.com
& Analytics
+1 (310) 384-1132 212.371.8660
jwang@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
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END
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