The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGAN.L Regulatory News (GAN)

  • There is currently no data for GAN

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Statement re NetEnt enters the US Simulated Gaming market with GAN

11 Sep 2015 07:00

NetEnt enters the US Simulated Gaming market with GAN

ISE: GAME LSE: GAME

London & Dublin | September 11, 2015: NetEnt, a leading digital gaming solutions provider, has signed an agreement with GameAccount Network Plc (GAN) to supply its award-winning games through GAN’s Simulated Gaming platform in the US. Simulated Gaming does not include real money bets but offers NetEnt the opportunity to reach new player groups prior to potential new state regulations.

Simulated Gaming is clearly separated from real money wagering, where players purchase virtual currency used to extend time playing the games online and potential winnings are non-cash. NetEnt’s games will be offered on land-based casino operators’ web sites, targeting the traditional land-based environment and its player community.

The signed agreement allows NetEnt to deliver a selection of its online casino games to multiple land-based casinos with a phased rollout approach. Simulated Gaming has the possibility to play a key role from a branding and player promotion perspective and thus supports NetEnt’s long-term strategy to enter regulated digital casino markets in North America, although NetEnt’s potential direct revenue impact from Simulated Gaming is not expected to have a material financial impact.

“We are very excited to be entering the simulated gaming market. The agreement with GAN will allow land-based casinos in the US to introduce NetEnt’s online casino games to their player community ahead of possible state regulations. The opportunity to build early recognition and loyalty regarding our best-in-breed gaming titles fits perfectly into our long term growth strategy in the US,” said Björn Krantz, Managing Director of NetEnt Americas LLC.

“We are delighted to support NetEnt’s entry into the US market and on behalf of our land-based casino operator clients we welcome their compelling gaming experience onboard our Simulated Gaming platform,” said Dermot Smurfit, CEO of GAN.

For additional information please contact:Björn Krantz, Managing Director of NetEnt Americas LLCPhone +1 646 647 5670bjorn.krantz@netent.com

Roland Glasfors, Investor Relations, NetEnt AB (publ)Phone: +46 760 024 863roland.glasfors@netent.com

About NetEnt

NetEnt AB (publ) is a leading digital entertainment company, providing premium gaming solutions to the world’s most successful online casino operators. Since its inception in 1996, NetEnt has been a true pioneer in driving the market with thrilling games powered by a cutting-edge platform. NetEnt is committed to helping customers stay ahead of the competition, is listed on NASDAQ OMX Stockholm (NET–B) and employs more than 600 people in Stockholm, Malta, Kiev, Gothenburg and Gibraltar. NetEnt Americas LLC is a US subsidiary of NetEnt AB. www.netent.com.

About GAN

GAN is a leading developer and supplier of enterprise-level Business to Business gaming software systems and online gaming content. GAN is listed on the ESM Market of the Irish Stock Exchange and the AIM Market of the London Stock Exchange under the ticker: GAME

The Company has developed an Internet gaming enterprise software system, GameSTACK™, which it licences to online and land-based gaming operators as a turn-key technology solution for both regulated real-money and simulated online gaming. The Internet Gaming System, developed in London under a UK Gaming Commission licence, is certified to the highest technical standards currently required by gaming regulators.

GAN is also a leading developer of proprietary online games with a complementary business converting offline casino slot machines and table games into online equivalents on behalf of major land-based slot machine manufacturers including Aristocrat, Konami, Multimedia Games, Incredible Technologies, GamoMat, Reel Time Gaming, High Flyer Games, DEQ Systems Corp (EZ BACCARAT®) and Ainsworth.

GAN has an established business in Europe, licensing gaming content to UK, Spanish and Italian gaming operators including Bet365, Rank, Lottomatica, Sisal MatchPoint and SNAI.

In the United States, GAN has partnered with Betfair Plc to provide its Internet Gaming System following the introduction of regulated real-money online gaming in New Jersey in November 2013. In New York, GameAccount Network has launched a Simulated Gaming™ website via www.EmpireCityCasino.com in September 2014. In Pennsylvania, GAN launched a Simulated Gaming™ website www.ParxOnline.com in March 2015 with on-property real money mobile gaming anticipated in 2015. In September 2014 an undisclosed multi-State US casino operator chose GAN’s Simulated Gaming™ launching in 2015. In March 2015 Maryland Live! Casino in Maryland chose GAN to upgrade their existing free-to-play website to a monetized Simulated Gaming™ website, launched in early August 2015. Also in August 2015 major Californian Tribal casino operator San Manuel chose GAN’s Simulated Gaming™ launching in September 2015.

In Australia, GAN has partnered with and launched for a consortium of land-based gaming venue operators the www.Club8Casino.com.au Simulated Gaming™ website.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150910006484/en/

Copyright Business Wire 2015

Date   Source Headline
8th Nov 20175:13 pmRNSHolding(s) in Company
31st Oct 20175:51 pmRNSInternet Gaming in Pennsylvania Becomes Law
27th Oct 20177:00 amRNSPennsylvania Regulation
18th Oct 20175:32 pmRNSDirectorate Change
5th Oct 20179:30 amRNSInvestor Presentation
28th Sep 20177:00 amRNSHalf-year Report
7th Sep 20172:09 pmRNSGrant of Options to Directors
31st Aug 201710:48 amRNSHolding(s) in Company
25th Aug 201711:32 amRNSHolding(s) in Company
10th Aug 20177:00 amRNSGAN Chief Financial Officer Transition
17th Jul 201710:41 amRNSBlock listing Interim Review
5th Jul 20172:05 pmRNSGAN plc Q2 2017 Key Performance Indicators
27th Jun 20171:10 pmRNSResult of AGM
30th May 20177:00 amRNSAppointment of Joint Corporate Broker
30th May 20177:00 amRNS2016 Annual Results
24th May 20175:16 pmRNSNotice of Results
12th May 20177:00 amRNSGAN Launches Simulated Gaming for WinStar
3rd May 201711:03 amRNSDirector/PDMR Shareholding
28th Apr 20177:00 amRNSResults of Open Offer of Convertible Notes
27th Apr 20174:12 pmRNSGAN wins 'Freeplay Gaming Supplier' Industry Award
18th Apr 20173:54 pmRNSGAN Receives New Jersey CSIE License Award
10th Apr 20177:00 amRNSConvertible Loan Notes
3rd Apr 20172:23 pmRNSGAN plc Q1 2017 Key Performance Indicators
27th Mar 20177:00 amRNSSimulated GamingT launch for Turning Stone Resort
15th Mar 20177:45 amRNSDirectorate Change
20th Feb 20177:00 amRNSGAN to distribute online games for Everi Games Inc
14th Feb 20173:32 pmRNSQ4 2016 Key Performance Indicators
10th Jan 20177:00 amRNSTrading Statement
23rd Dec 201610:43 amRNSBlock listing Interim Review
2nd Dec 20163:33 pmRNSLaunch of Simulated Gaming for Twin River
11th Nov 20168:33 amBUSStatement re GAN launches Simulated Gaming™ for JACK Entertainment.
30th Sep 20167:00 amBUSHalf-year Report
27th Sep 20168:24 amBUSStatement re GAN Partners with Station Casinos in Nevada to launch Simulated Gaming in early 2017
20th Sep 20163:33 pmBUSNotice of Results
12th Sep 20167:00 amBUSStatement re Launch of real money Regulated Gaming in Europe
9th Sep 20167:00 amBUSStatement re Partnership with Oneida Indian Nation
24th Aug 20167:00 amBUSIssue of Equity
17th Aug 20168:24 amBUSStatement re Isle of Capri launches ‘Lady Luck’ Online
12th Aug 20167:00 amBUSStatement re Chickasaw Nation
3rd Aug 20164:22 pmRNSHolding(s) in Company
13th Jul 20163:49 pmRNSPlacing
3rd May 20166:19 pmRNSBlock listing Interim Review
3rd May 201612:05 pmRNSDirector/PDMR Shareholding
22nd Apr 20168:30 amBUSStatement re Partnership with major Southwest US casino
14th Apr 20167:00 amBUSNotice of Results
8th Apr 201612:55 pmRNSHolding(s) in Company
8th Apr 20167:00 amRNSEnterprise Securities Market Notice
7th Apr 201611:45 amRNSPlacing Update and Result of General Meeting
31st Mar 20167:00 amBUSStatement re Launch of first B2B Virtual Reality Casino Application
29th Mar 201610:47 amBUSStatement re GAN to provide Simulated Gaming™ for Leading regional US Casino

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.