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GAN announces expansion of partnership with FanDuel into Indiana

29 Oct 2019

(PRESS RELEASE) -- GAN plc, an award-winning developer and supplier of enterprise-level B2B internet gaming software, services and online gaming content in the United States, today announced the expansion of its existing agreement with FanDuel Group to be FDG's platform for rapid deployment of account services for internet sports betting in the State of Indiana (pop. 6.7 million), following the state's legalization of sports betting on 8 May 2019 and the intra-state Indiana market commencement of internet gambling on 3 October 2019.

FDG launched internet sports betting for residents of Indiana on 22 October, following the parties obtaining all applicable regulatory consents, and represents a material increase in the value of the partnership to GAN. This expansion follows GAN's launch of account services for FDG in Pennsylvania (pop. 13 million) on 22 July 2019 in addition to the long-standing existing services provided since 2013 by GAN to FDG in the State of New Jersey (pop. 9 million).

Furthermore, GAN confirms the receipt of a Temporary Supplier License from the Indiana Gaming Commission, demonstrating its continuing ability to rapidly submit to licensure in highly regulated U.S. internet gambling markets. This is GAN's second gaming license awarded in 2019 and third U.S. gaming license, following licensure in the State of New Jersey and the State of Pennsylvania.

Dermot Smurfit, Chief Executive Officer of GAN, commented, "Our effective and compliant platform represents a premium component of the supply chain, and our team has a track record of on-time delivery for our long-standing client FanDuel, which has proven to be an exceptionally successful partnership to date in both New Jersey and Pennsylvania. Rapid deployment into the State of Indiana is a logical extension of our relationship to best support FanDuel in capturing early market share of internet sports betting in Indiana."
 
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