15 May 2019 07:50
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 11th 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™, 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 |
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| UK & Ireland Investors: Walbrook PR |
| Paul Cornelius |
| GAN@WalbrookPR.com |
| +44 20 7933 8780 |
| Davy (Nominated Adviser, ESM Adviser and Joint Broker) |
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| John Frain / Barry Murphy |
|
| +353 1 679 6363 |
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|
Liberum (Joint Broker) |
|
| Neil Patel / Cameron Duncan |
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| +44 (0) 20 3100 2000 |
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GAN.L (GAN)