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GAN extends relationship with Parx Casino

Mon, 11th Mar 2019 15:34

(Sharecast News) - Gambling software supplier GAN announced on Monday that it had extended its relationship with Greenwood Gaming & Entertainment, which trades as Parx Casino.The AIM-traded firm said Parx intended to offer internet sports betting and casino gaming in the US state of New Jersey, subject to approval by the relevant state regulatory authority, as well as in the state of Pennsylvania as it had previously announced on 30 July last year, with a commercial launch expected by year-end.It said that on 6 March, the Pennsylvania Gaming Control Board (PGCB) conditionally approved GAN as an Interactive Gaming Manufacturer, which it described as a "key step", which reflected its "reputation and long-held commitment" to transparency, compliance and probity.The license was GAN's second gaming license in the United States, following the receipt of a full Casino Service Industry Enterprise license in New Jersey in April 2017.GAN said the Pennsylvania licensing fee now payable was $10,000, and was "significantly lower" than its previous expectations for $1m in direct licensure costs for delivering interactive gaming services to clients in the state.GAN also noted the award of a conditional license by the PGCB to Betfair Interactive US for a Sports Wagering Operator License."Betfair and its parent company FanDuel Group is a client of GAN for Internet gambling services in the state of Pennsylvania, as previously announced on 10 January 2019," the GAN board said in its statement.The board said that, following discussions with its clientele, it expected the internet gambling market in Pennsylvania to begin in summer.Based on trading conditions in the year-to-date and lower Pennsylvanian licensing costs, it said it remained confident in the full-year guidance it provided on 25 January."The company expects mid-to-high double-digit percentage year on year revenue growth in the 2019 financial year, and full-year positive EBITDA, based on the current fixed cost base," the board said in its statement."The board does not anticipate any additional capital requirement on the current business plan and the company is therefore fully-funded."

More News

15 Feb 2019 10:31

GAN highlights growth in New Jersey gambling market

(Sharecast News) - Gambling software provider GAN updated the market on Friday, following the publication of internet gaming and internet sports betting financial information for the calendar month of January in New Jersey by the state's Division of Gaming Enforcement.

25 Jan 2019 12:22

GAN revenues boosted by increase in 'real money' betting

(Sharecast News) - Internet gambling software developer GAN expects to have exceeded market expectations in its recently wrapped up trading year as a result of an increased level of "real money" online betting.

10 Jan 2019 10:12

GAN and Paddy Power Betfair expand US collaboration

(Sharecast News) - Gambling software provider GAN has signed an extension to its long-standing partnership with Paddy Power Betfair in the US.

21 Dec 2018 14:27

GAN partners with European slot manufacturer SYNOT

(Sharecast News) - Gambling software-as-a-service provider GAN announced a partnership with major European slot manufacturer SYNOT, worth in excess of £0.4m, on Friday.

21 Dec 2018 11:54

Friday broker round-up

(Sharecast News) - Dechra Pharmaceuticals: Numis upgrades to add with a target price of 2,525p.

26 Nov 2018 14:43

GAN expands presence in Italy with Goldbet launch

(Sharecast News) - Internet gambling software provider GAN announced the launch of internet gaming content for Italian sports betting and casino gaming operator Goldbet on Monday.

28 Sep 2018 10:19

GAN Interim Loss Deepens As Costs Rise Despite Revenue Growth

LONDON (Alliance News) - Gambling software firm GAN PLC said Friday interim losses deepened after costs jumped despite revenue rising, though it did emphasise its sales pipeline is the half year a

14 Sep 2018 10:49

GAN Awards Contracts Litigation Firm To Enforce US Patent

LONDON (Alliance News) - Internet gambling software developer GAN PLC said Friday that it has awarded a mandate to intellectual property litigation firm Irwin IP LLP to implement a US patent and a

25 May 2018 16:09

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder CalendarMonday 28 Mayno events scheduledTuesday 29 Stobart Life

25 May 2018 12:34

GAN Appoints Richard Santiago As Chief Financial Officer

LONDON (Alliance News) - Gaming software developer GAN PLC said Friday that it has appointed Richard Santiago as chief financial officer of the company.Santiago will join the company on 18.

21 May 2018 11:25

GAN To Raise GBP7.5 Million Following US Court Betting Decision (ALLISS)

LONDON (Alliance News) - GAN PLC said on Monday it intends to raise GBP7.5 million through a subscription of 15.0 million shares at a price of 50 pence per share.Shares in the US-focused up

29 Mar 2018 13:43

GAN Loss Narrows In 2017 As Revenue Grows On US Expansion

LONDON (Alliance News) - GAN PLC said Thursday its online gaming expansion in the US market helped annual revenue to rise, leading to the narrowed loss in 2017.The and

2 Aug 2016 07:30

GameAccount Partners With Casino Operator For Simulated Gaming Service

29 Jun 2016 11:08

GameAccount Network celebrates Pennsylvania gambling bill

(ShareCast News) - Developer and supplier of enterprise-level B2B internet gaming software GameAccount Network welcomed the approval of a bill by the Pennsylvania House of Representatives on Wednesday. The AIM-traded firm said the bill includes provisions for the legalisation of full real money inte

29 Jun 2016 10:30

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GAN.L Share News (GAN)

GAN extends relationship with Parx Casino

GAN highlights growth in New Jersey gambling market

GAN revenues boosted by increase in 'real money' betting

GAN and Paddy Power Betfair expand US collaboration

GAN partners with European slot manufacturer SYNOT

Friday broker round-up

GAN expands presence in Italy with Goldbet launch

GAN Interim Loss Deepens As Costs Rise Despite Revenue Growth

GAN Awards Contracts Litigation Firm To Enforce US Patent

UK Shareholder Meetings Calendar - Next 7 Days

GAN Appoints Richard Santiago As Chief Financial Officer

GAN To Raise GBP7.5 Million Following US Court Betting Decision (ALLISS)

GAN Loss Narrows In 2017 As Revenue Grows On US Expansion

GameAccount Partners With Casino Operator For Simulated Gaming Service

GameAccount Network celebrates Pennsylvania gambling bill

GameAccount Welcomes Pennsylvania Approval For iGaming Bill

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