3 Jun 2019 10:34
LONDON STOCK EXCHANGE (LSE): GAN - EURONEXT DUBLIN (EURONEXT GROWTH): GAME
GAN Welcomes the Legalization of Internet Gambling in the State of Illinois
London & Dublin - June 3, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, welcomes the signing and legalization of Internet gambling in Illinois. The bill will allow patrons to place sports wagers both in-person and online. Illinois is the 13th State to legalize sports wagering in the US and the fifth to do so this year. Following the launch, 19.9% of the total US population will be able to engage in internet gambling.
The Illinois Senate voted 46-10 on Sunday afternoon in favor of the Sports betting bill. The legislative 'Senate Bill 690' now goes to Illinois' Governor Pritzker, who's already confirmed he'll sign it into law.
Following Pennsylvania, and its population of 12.82 million, Illinois is to become the second largest State to legalize internet sports gambling in the US, with a population of 12.74 million. GAN foresees the legalization to be material to GAN's business, as the Company anticipates its existing clients to extend their online GAN-supported operations into the State of Illinois.
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 (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 & Analytics | aprior@equityny.com |
+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 |
|