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GAN Extends Simulated Gaming & Patent Licensing Agreement with JACK Entertainment LLC

October 24, 2018

Leading Michigan & Ohio casino company extends existing contract for Simulated Gaming

LONDON & DUBLIN--(BUSINESS WIRE)-- 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™ links the GameSTACK™ Internet gaming system to JACK Entertainment’s existing casino management system deployed in Ohio and Michigan.
  • The Simulated Gaming™ offering is operated from an instance of the GameSTACK™ Internet gaming system deployed in Las Vegas Nevada.
  • Simulated Gaming™ 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™ 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™ 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.

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™, 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

GAN
Dermot Smurfit
Chief Executive Officer
+44 (0) 20 7292 6262
[email protected]
or
US Investors:
The Equity Group
Adam Prior
[email protected]
212.371.8660
or
UK & Ireland Investors:
Walbrook PR
Paul Cornelius
[email protected]
+44 20 7933 8780
or
Davy (Nominated Adviser, ESM Adviser and Joint Broker)
John Frain / Barry Murphy
+353 1 679 6363
or
Liberum (Joint Broker)
Neil Patel / Cameron Duncan
+44 (0) 20 3100 2000

Source: GAN plc