LONDON (Alliance News) - GAN PLC on Monday welcomed the signing and legalization of internet gambling in the US state of Illinois, which will allow patrons to place sports wagers both in-person and online.
Illinois is the 13th US state to legalize sports wagering and the fifth to do so this year.
The internet gambling software supplier said the Illinois Senate voted on Sunday afternoon in favour of the sports betting bill. The legislative Senate Bill 690 now goes to Illinois' Governor Pritzker, who's already confirmed he'll sign it into law.
GAN foresees the legalization to be material to its business, as the company anticipates its existing clients to extend their online GAN-supported operations into the state of Illinois.
GAN shares were trading 4.9% higher in London on Monday at 64.50 pence each.