GAN Extends Simulated Gaming & Patent Licensing Agreement with JACK Entertainment LLC
October 24 2018 - 11:38AM
Business Wire
Leading Michigan & Ohio casino company
extends existing contract for Simulated Gaming
GAN plc (“GAN” or the “Company”), an award-winning developer and
supplier of enterprise-level B2B Internet gambling software and
services in the United States and Europe, today announces the
extension of a pre-existing agreement with JACK Entertainment LLC,
a major US operator of Simulated Gaming available at
www.playJACK.com.
JACK and its affiliates’ portfolio of properties include over
13,000 gaming positions, more than 400,000 square feet of gaming
space, 400 hotel rooms, and 48 bars and restaurants. JACK is
comprised of approximately 7,000 team members across four
states.
Highlights
- Delivering GAN’s US-patented iBridge
Framework™ links the GameSTACK™ Internet gaming system to JACK
Entertainment’s existing casino management system deployed in Ohio
and Michigan.
- The Simulated Gaming™ offering is
operated from an instance of the GameSTACK™ Internet gaming system
deployed in Las Vegas Nevada.
- Simulated Gaming™ is an innovative
internet gaming service designed by GAN specifically for land-based
US casinos, offering a gaming-as-entertainment consumer website and
mobile apps that include over 200 casino slot and table games,
including poker, backgammon, gin rummy, poker dice and blackjack
tournaments.
Management Commentary
Adam Suliman, Vice President of Online Gaming, commented:
“JACK Entertainment is excited to renew and extend GAN’s
simulated gaming experience for our casino guests. GAN has proved
to be a great partner, offering our guests a fun and interactive
way to engage with our properties.”
Dermot Smurfit, CEO of GAN commented:
“As expected, and in line with our other casino operator
clients’ reported experience, JACK has experienced increased patron
loyalty through increased visitation on-property and increased
on-property gaming revenues, as a consequence of engaging with
their patrons online as well as on-property. Simulated Gaming
supports on-property casino visitation among patrons in competitive
regional markets and enables the operator to develop an income
stream as well as an online database in advance of any expected
regulation of Internet gambling.”
FAQ’s about GAN’s Internet Gambling ‘Platform’ powering
Simulated Gaming
- Simulated Gaming is operated on the
exact same Platform as regulated Internet gambling delivered for
operator clients in New Jersey and Europe. For investors and
Industry analysts: The core of a “Platform” from both a technical
and regulatory standpoint is the Player Account Management System
i.e. where highly sensitive customer and player activity data is
stored and processed. Other elements of Platform can include a
sportsbook transaction engine, gaming content integrations, payment
services, marketing services, trading services and other ancillary
activities. However, the core functionality to describe B2B systems
and services as a 'Platform' is the Player Account Management
System. This is also the layer of B2B activity which tends to
require regulatory approval as a 'Platform' since it is the focal
point of data and player security. Therefore, without the Player
Account Management System, a service provider might be offering
very valuable B2B functionality but not in the strictest sense a
'Platform' (source: Regulus Partners, an international gambling
advisory group).
- Launched in the US by GAN in January of
2014, Simulated Gaming™ has proven to monetize Internet traffic to
existing websites operated by land-based US casinos at levels
greatly exceeding equivalent numbers generally reported by Social
Casino operators.
- US casino operators report +50% of
their surveyed casino patrons are already engaged in playing Social
Casinos on Facebook and Simulated Gaming™ is proven to increase
property visitation among existing patrons, reactivate lapsed
patrons bringing them back on-property and drive acquisition of new
patrons from outside the typical drive distance to the
property.
GAN | Overview
GAN is a leading B2B supplier of Internet gambling enterprise
software-as-a-service solutions to the US land-based casino
Industry. GAN is listed on the ESM Market of the Irish Stock
Exchange and the AIM Market of the London Stock Exchange under the
ticker: GAN
The Company has developed an 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 betting and/or virtual Simulated Gaming.
GAN has fourteen (14) casino operators as clients of Simulated
Gaming coast-to-coast across the US and Internationally; two (2)
clients of real money Regulated Gambling in New Jersey; one (1)
client of real money Regulated Gambling in Pennsylvania and ten
(10) clients of real money Regulated Gambling in Europe.
The Internet Gambling System, developed in London under a UK
Gambling Commission license, is certified to the highest technical
standards currently required by gambling regulators. In April 2017
GAN was granted a Casino Service Industry Enterprise license by the
New Jersey Division of Gaming Enforcement being GAN’s first
privileged gaming license in the United States. In May 2018, the US
Supreme Court repealed PASPA and GAN confirmed the H2 launch of
sports betting for US clients integrated into GAN’s enterprise
software platform. In September 2018 GAN launched Internet sports
betting in New Jersey, available as an integrated option alongside
Internet gaming.
For more information please visit www.GAN.com
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version on businesswire.com: https://www.businesswire.com/news/home/20181024005723/en/
GANDermot SmurfitChief Executive Officer+44 (0) 20 7292
6262dsmurfit@GAN.comorUS Investors:The Equity
GroupAdam Prioraprior@equityny.com212.371.8660orUK &
Ireland Investors:Walbrook PRPaul
CorneliusGAN@WalbrookPR.com+44 20 7933 8780orDavy (Nominated
Adviser, ESM Adviser and Joint Broker)John Frain / Barry
Murphy+353 1 679 6363orLiberum (Joint Broker)Neil Patel /
Cameron Duncan+44 (0) 20 3100 2000
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