GAN’s Technology Platform to Support Leading U.S. iGaming & Online Sports Betting Operator in Ontario

Internet casino & sportsbook expected to be ready for launch at time of Ontario online market commencement  

Irvine, California | December 1, 2021: GAN Limited (the "Company" or "GAN") (NASDAQ: GAN), a leading full-service internet gaming software-as-a-service provider to the real money internet gaming, online sports betting, and simulated gaming industries, today announced the execution of an agreement with a leading U.S. B2C Operator of  iGaming and online sports betting, to deploy the GAN Platform which is already certified for sports betting and iGaming in various U.S. states. Subject to securing a requisite regulatory license, GAN expects to support the launch of the client-branded website and accompanying mobile app offering Internet sports betting and iGaming in Ontario that leverages GAN’s enterprise software in the first quarter of 2022. 

GAN Limited, through its wholly-owned subsidiary, GAN Ontario, Inc. intends to apply for the appropriate gaming registration under the new iGaming regime in Ontario in connection with this matter.  GAN Limited is in the process of obtaining that gaming registration now. 

Ontario has a population of more than 13 million people, equivalent to the population of Pennsylvania, which is the fifth largest U.S. state. The Company anticipates being operational upon the opening of the Ontario iGaming market in early 2022. 

Dermot Smurfit, CEO of GAN, commented: 

“We are very excited to sign our first B2B client in the newly regulated Ontario iGaming market, which we have been working towards for some months. This B2C Operator in the U.S. is a leading operator and wishes to remain anonymous until they receive the requisite operating license in Ontario. Due to the nature of our Platform business operating as the client’s Platform (or ‘PAM’) we are required to make this announcement now due to the necessary operational industrial disclosures to be made by GAN (or already made by the client) to third party suppliers of payments, content and other regulatory technical services. We expect the Ontario iGaming and online sports betting market to be an important source of future growth due to the province’s population size and we are thrilled to have a trusted and proven-at-scale tier-1 operator as a partner.”