Tag Archives: GAN

GAN lauds Coolbet asset outperforming all expectations

Malta-registered sports betting operator Coolbet has ‘outperformed expectations’ according to GAN Plc’s Q1 2021 financial update, delivering $14.3 million in revenue. GAN closed its acquisition of Coolbet in January 2021, integrating the firm’s sports betting technology and operations, with the long-term goal of leveraging the Estonian operator’s capabilities and experience to enhance its position in the US market. Under the …

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Aspire Global highlights BtoBet acquisition for successful Q1

Aspire Global has reported a successful first quarter for 2021 having achieved key objectives across multiple verticals and recorded a total revenue increase of 42.6%, driven by the global market presence of BtoBet. Publishing its Q1 2021 trading report, the group revealed that revenue had increased to €48.1 million (€33.7 million Q1 2020), attributed largely to the acquisition of BtoBet, …

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Catena appoints US VP Michael Daly as CEO elect

The board of Catena Media has confirmed the promotion of current North America VP Michael Daly to Chief Executive, with the leadership appointment effective from 1 March. Based in Las Vegas, Daly has spearheaded Catena’s publishing, M&A and growth strategy for the US wagering market since 2018. Prior to joining Catena, Daly oversaw the North American business units of Nasdaq-listed …

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GAN acquires Coolbet for €150m to accelerate sportsbook ambitions

GAN Plc has reached a ‘definitive agreement’ to acquire Malta-licensed operator ‘Coolbet’ for a total consideration of €149 million. The igaming software supplier will acquire Coolbet from its operating firm Vincent Group Malta, which will see it takeover the operator’s brand IP, trading and proprietary software assets.  Updating investors, GAN branded Coolbet one of the fastest-growing European B2C operators, who …

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UKGC takes action on BGO, GAN and NetBet for significant AML and duty failures

consultation

The UK Gambling Commission (UKGC) has announced action against BGO Entertainment, GAN Plc and NetBet Enterprises Ltd after reviewing their licences following a number of failures which included not doing enough to keep consumers safe and failing to prevent money laundering and criminal spend. As a result of those reviews, two of the businesses, BGO and Gan PLC, have had …

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Rey del Valle replaces Richard Santiago as GAN CFO

London-listed GAN Plc, a specialist supplier of online gambling software solutions for the US market, has confirmed the departure of Richard Santiago as Chief Financial Officer and Executive Director. Santiago departs GAN executive team to pursue opportunities ‘unrelated to the global gambling sector’. The company has informed that Santiago will be replaced as CFO by Rey del Valle, a seasoned …

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FanDuel extends GAN contract for ‘rapid US deployments’

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 …

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GAN and SBTECH form strategic US partnership

Updating the market, B2B gambling enterprise turnkey systems provider GAN has confirmed that it has entered a strategic US services partnership with betting platform and software supplier SBTECH.  The partnership will see SBTECH’s sports betting provisions integrated within GAN’s enterprise platform software ‘GameSTACK’. Moving forward, GAN management will be able to offer sports betting services to ‘select partners’ of its …

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Dermot Desmond invests £1.3 million in GAN

Irish finance magnet Dermot Desmond has invested £1.3 million (€1.5 million) in London AIM listed igaming systems provider GAN. Updating the market, GAN governance revealed that Desmond’s IIU Nominees (IIU) had purchased +3 million shares in the firms new share placement. Desmond’s purchase sees IIU take an approximate 5% equity in GAN. GAN governance stated that the funds would be …

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GAN Plc raises £450,000 through David Capital Partners Chicago

London AIM-listed GAN Plc (formerly GameAccount Network) has welcomed Chicago financial advisory David Capital Partners as new investors raising £450,000 for its business. GAN governance declared that the firm had conducted a new share placement of 1.5 million ‘ordinary shares’ issued at a price of 30p. The completed purchase will see David Capital hold 2.2% of total share capital of …

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