GAN Limited is coming to Nevada.
The B2B technology provider and solutions company received regulatory approval last week from the Nevada Gaming Commission to introduce its legal sports betting platform to Silver State customers.
“We are very pleased and humbled to have received regulatory approval from the State of Nevada to hold a gaming license,” said GAN Interim CEO Seamaus McGill. “We are excited that we will be launching our leading-edge GAN Sports product in Nevada in the next few months.”
GAN Sports can begin trial operations of its sports betting platform following next month’s state certification and approval. GAN already has the infrastructure for online betting sites and retail wagering built.
“The Las Vegas Locals market is one of the largest and most recognizable gaming markets in the world, and we are incredibly excited to be entering it,” McGill said. “This is the third state where our B2B sports betting technology and trading solution, GAN Sports, will be operational, and we look forward to bringing a unique and fun wagering experience to a large and growing market.”
Adding to portfolio
GAN is widely known in North America as an online and land-based casino technology software provider. The company is currently providing sports betting technology to Wynn’s Encore Boston Harbor and Island Gulf Casino in Gulfport, Mississippi.
GAN, headquartered in Irvine, California, has 25 operating licenses globally and provides B2C propriety sports betting in select European and Latin American markets as well.
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 segment and $23.9 from B2C.
Entering a Nevada sports betting market that produced an August handle of $431 million comes at a critical time for GAN, which is restructuring as a company following the departure of former CEO Dermot Smurfit.
GAN’s partner, WynnBet, shut down operations in six states earlier this year as well.
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