Update on Legalization of US Internet Sports Betting
Re-confirms H2 launch of Internet sports betting in the US
London & Dublin | June 6, 2018: 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, today provides an update following the decision of the Supreme Court of the United States ("SCOTUS") to overturn the previous Federal US prohibition on sports betting enshrined with the Professional and Amateur Sports Protection Act 1992 ("PASPA").
Recent press reports have speculated that certain New Jersey casinos may be prohibited from launching Internet sports betting due to their ownership of or other association with US sports teams ("Issue").
The Company re-confirms it is preparing to launch Internet sports betting in both New Jersey and Pennsylvania for its clients in H2 and further confirms the Company has investigated the reported Issue with its clients and does not currently expect any impact on GAN's plans to launch sports betting in H2.
Sports betting will be delivered as an integrated extension into GAN's enterprise software platform and GAN will participate in the material incremental sports betting revenues. These incremental revenues are expected to be material for GAN in H2.
Dermot Smurfit, CEO of GAN commented:
"Online sports betting 'go-live' preparations are well advanced and we remain confident in launching as soon as reasonably possible in H2."