London-listed, US market turnkey systems provider GAN Plc has this morning communicated the ‘signing of a material long-term contract’ significantly expanding its existing relationship with FanDuel Group.
Updating the market, GAN governance details that the company will act as FanDuel’s platform for ‘rapid internet casino deployments’.
Furthermore, GAN’s platform provisions will be utilised by FanDuel as lead player management systems for the states of Pennsylvania (population 13 million) and West Virginia (18 million).
The partnership extension follows FanDuel’s initial deployment of GAN systems for its sports betting debut in the state of New Jersey.
GAN further reveals that FanDuel will move to utilise GAN’s US Patent technology allowing ‘land-based casino patrons enrolled in on-property loyalty programs to link existing loyalty cards to Internet gambling accounts and receive loyalty points in exchange for online gambling’.
Backing future initiatives, Dermot Smurfit, CEO of GAN commented: “The contract extension combined with US Patent licensing represents a significant milestone in GAN’s US evolution and reinforces our view that in the heavily regulated US online gambling market, effective and compliant ‘platforms’ are a premium component of the supply chain rather than a commodity. GAN is therefore very well placed to capitalize on the growth in US online gambling markets in terms of new operator clients, new States and underlying growth momentum.”