GAN’s Technology Solution Now Powering Real Money Gaming for Churchill Downs Incorporated Across Five States on Single App in Time for the Kentucky Derby®

Successfully transitions Pennsylvania & Indiana onto platform, while concurrently launching mobile sports betting in Colorado

IRVINE, Calif. 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 a successful multi-state transition onto its platform for Churchill Downs Incorporated’s TwinSpires branded sports betting and iGaming operations in Pennsylvania and sports betting operations in Indiana. Additionally, GAN launched inaugural mobile sports betting operations for TwinSpires in Colorado, which, when coupled with the previously launched solutions in Michigan and Tennessee, brings the GAN-powered TwinSpires brand to five total states. This provides for TwinSpires to leverage its strong brand across horse racing and sports customers in advance of the upcoming 147th running of the Kentucky Derby on May 1st.

Following the migration onto GAN’s technology platform the company is pleased to support TwinSpires Sportsbook in Michigan, Colorado, Tennessee, Pennsylvania and Indiana with its leading player account management platform, in addition to powering TwinSpires’ Casino offering in Pennsylvania and Michigan. Both online casino and sports customers will be able to enjoy an uninterrupted playing experience with any product, in any state, on a single app leveraging GAN’s proprietary technology operating framework.

Dermot Smurfit, Chief Executive Officer of GAN, commented:

“The team did an amazing job of concurrently migrating and launching TwinSpires’ Sportsbook & iGaming offering in three states in the span of a week, which serves to highlight our speed to market and unique capabilities to seamlessly handle highly complex migrations. We remain humbled to work with an industry leading entertainment company with some of the most historic and diversified assets in the gaming industry. We look forward to our continued partnership to assist Churchill Downs Incorporated in its efforts to replicate their longstanding success in land-based gaming in online sports betting and iGaming.”

Ian Williams, President of Online Gaming, Churchill Downs Incorporated, commented:

“We set out an ambitious plan to migrate from our existing supplier and launch our TwinSpires brand in three new states before this year’s Kentucky Derby. Both teams have done a tremendous job in achieving this goal and we believe we are well-positioned for growth as we roll into Derby week, our busiest week of the year, with TwinSpires now available for betting on sports, iGaming and Kentucky Derby in five states.”