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FanDuel Group to Leverage GAN's Enterprise Software for Regulated Gambling in New JerseyGAN 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, today announces the Company is preparing to launch Internet sports betting in New Jersey for FanDuel. Highlights
Sports betting will be delivered as an integrated extension into GAN's enterprise software platform and GAN will participate in the incremental sports betting revenues. Management Commentary Dermot Smurfit, CEO of GAN commented: "Online sports betting 'go-live' preparations for FanDuel are well advanced and we remain confident in launching integrated sports betting alongside our existing Internet casino later this year." Matt King, CEO of FanDuel commented: "The integration by GAN of our sports betting system is a reflection of GAN's flexible technology platform, 'can-do' attitude and their overall commitment." FAQ's about Internet Gambling 'Platform' & US sports betting regulation
1 https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PPB/13713019.html 3 http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GAN/13608385.html GAN | Overview 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 fourteen (14) 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 January 2018 GAN announced a strategic partnership with SBTECH, a leading European B2B sports betting technology provider. 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. For more information please visit www.GAN.com FanDuel Group overview FanDuel Group is an innovative sports-tech entertainment company that is changing the way consumers engage with their favorite sports, teams, and leagues. The premier gaming destination in the United States, FanDuel Group consists of a portfolio of leading brands across gaming, sports betting, daily fantasy sports, advance-deposit wagering, and TV/media, including FanDuel, Betfair US, DRAFT, and TVG. FanDuel Group has a presence across 45 states and 8 million customers. The company is based in New York with offices in California, New Jersey, Florida, Oregon, and Scotland. FanDuel Group is a subsidiary of PaddyPower Betfair plc, a leading international sports betting and gaming operator and a constituent of the FTSE 100 index of the London Stock Exchange.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180718005503/en/ |