expanding Italian market share for GAN’s true cash information superhighway gaming content development and distribution business
GAN plc “GAN” or the “company” a number one B2B employer of web gaming enterprise application-as-a-carrier options to the U.S. land-primarily based on line casino industry, today declares that it has signed a multi-year agreement with GOLDBET Srl “Goldbet” a leading Italian web sports having a bet & casino gaming operator in Italy’s regulated market agen piala dunia.
GAN can provide greater 500+ first rate casino slots, table games and non-traditional games in Italy to eight Italian consumers who collectively characterize more than forty per cent of Italy’s information superhighway on line casino gaming market by unsuitable Gaming earnings. Goldbet has about three per cent market share of web on line casino gaming in Italy and is expected to be accretive to GAN’s net Revenues and EBITDA derived from Italy starting off in H2 2018.
Dermot Smurfit, CEO of GAN commented:
4da1a46ec20cf93ee5c846a51e04f0ed.”Italy continues to be a strategic stronghold for GAN and represents a substantial long term funding in a market which first regulated internet skill-based video games in 2009, on line casino table games in 2011 and on line casino Slot games in 2013. The Italian regulated internet gaming market looks locked in a structural growth cycle which GAN continues to benefit from via providing an increasing number of high excellent information superhighway on line casino video games to its customers. We very tons welcome the addition of Goldbet as our ninth customer in Italy.”
FAQ’s about GAN’s Italian precise money online Regulated Gaming
- cyber web gaming changed into effortlessly out-lawed in Italy until 2008 when legislation accepted Italy’s latest retail & on-line activities betting operators to originate ability-based mostly video games online together with Poker and traditional Italian card video games played adult-to-person. legislation permitting on line casino desk games passed in 2011 and on line casino Slots in 2013.
- GAN launched its first Italian customer SNAI SpA online in September 2008. In CY2017 Italy represented 31% of GAN’s GBP 9.12m $12.9m in internet Revenues.
- The web casino market in Italy averaged EUR 57.7m $71.3m in harmful Gaming in accordance with the trailing three three months of February 2018, January 2018 and December 2017 market share suggestions pronounced through the Italian regulator AAMS. This changed into a rise of +31.3% yr on yr on the three three month general of EUR 44.0m $forty nine.4m in February 2017, January 2017 and December 2016.
- There are sixty-nine sixty nine active operators of licensed internet casino gaming in Italy. GAN’s 9 9 clients, together with Goldbet, characterize in aggregate greater than forty four% of the internet casino market in Italy in line with the trailing three three months of February 2018, January 2018 and December 2017 market share suggestions mentioned by using the Italian regulator AAMS.
- GAN | Overview
GAN is a number one B2B enterprise of web gaming commercial enterprise utility-as-a-provider solutions to the USA land-based mostly on line casino business. GAN is listed on the ESM Market of the Irish stock alternate and the intention Market of the London stock alternate under the ticker: GAN