GAN to Bring Sports Betting Platform to Nevada
GAN Limited is concerning Nevada.
The B2B innovation supplier and options business received regulative approval recently from the Nevada Gaming Commission to present its legal sports platform to Silver State consumers.
"We are really pleased and humbled to have received regulative approval from the State of Nevada to hold a gaming license," stated GAN Interim CEO Seamaus McGill. "We are delighted that we will be releasing our leading-edge GAN Sports product in Nevada in the next couple of months."
GAN Sports can start trial operations of its sports betting platform following next month's state accreditation and approval. GAN currently has the facilities for online betting sites and retail betting constructed.
"The Las Vegas Locals market is one of the largest and most identifiable video gaming markets on the planet, and we are exceptionally excited to be entering it," McGill said. "This is the third state where our B2B sports betting innovation and trading solution, GAN Sports, will be functional, and we anticipate bringing a special and fun wagering experience to a large and growing market."
Contributing to portfolio
GAN is widely understood in North America as an online and land-based gambling establishment technology software application provider. The business is currently offering sports wagering technology to Wynn's Encore Boston Harbor and Island Gulf Casino in Gulfport, Mississippi.
GAN, headquartered in Irvine, California, has 25 operating licenses worldwide and supplies B2C propriety sports betting in select European and Latin American markets also.
Trying year for GAN
GAN announced second-quarter revenue of $33.8 million, down $1.2 million from the previous year, with $9.9 million coming from the B2B sector and $23.9 from B2C.
Entering a Nevada sports betting market that produced an August handle of $431 million comes at a vital time for GAN, which is restructuring as a company following the departure of previous CEO Dermot Smurfit.
GAN's partner, WynnBet, shut down operations in 6 states previously this year also.