GAN Launches New Simulated Internet Sports Betting

Product portfolio expansion delivers simulated Internet sports betting experience in advance of expected legislation in Ohio

IRVINE, Calif.–(BUSINESS WIRE)–
GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading business-to-business supplier of internet gaming software-as-a-service solutions primarily to the U.S. land-based casino industry, today announced the launch of a simulated Internet sports betting experience for an existing major midwestern region retail casino operator client and available at www.PlayJACK.com.

Available online, simulated sports betting represents a material extension of GAN’s current Simulated Gaming product and leverages the existing technical integration between GAN’s GameSTACK enterprise software platform, alongside sports betting technology partner Kambi.

Sports gamblers can easily sign up online, commence sports betting purely for entertainment purposes, and see how they perform relative to other sports gamblers in their state. All major U.S. sports events are available together with a full range of pre-game and in-running betting, powered by Kambi.

GAN’s retail casino operator clients of Simulated Gaming can now seek to gain an advantage previously only enjoyed by major Daily Fantasy Sports operators by acquiring future sports gamblers online today, at a lower marketing cost than the expected cost tomorrow, once the real money regulated sports betting market commences. Equipped with this ‘Industrial strength’ simulated sports wagering experience, GAN clients can now appeal to and engage online with the young-to-middle-aged male sports gambler who sits at the center of the Internet sports gambling consumer demographic and future Internet sports betting revenue opportunity.

Management anticipates the addition of simulated sports betting to accelerate sales of Simulated Gaming to additional U.S. retail casino operators. GAN’s integrated solutions offer both simulated Internet casino gaming to our partners’ existing retail customers, as well as simulated sports betting that will appeal to a younger consumer demographic not already present within their retail casinos.

Tom Ustunel

Century Casinos Partners with Tipico for Internet Sports Betting in Colorado

COLORADO SPRINGS, Colo., Oct. 12, 2020 /PRNewswire/ — Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) (“Century Casinos” or the “Company”), announced today that it has finalized an agreement with Tipico to become the company’s third internet sports betting operator partner in Colorado. The Company, through a subsidiary, has already obtained its master license with the State of Colorado. Tipico will complete the necessary application and approval process with the State of Colorado and will operate an internet and mobile sports betting application under the Tipico brand.

“Tipico is thrilled to partner with Century Casinos, a highly respected name in North American casino entertainment, to bring our fully mobile sports betting experience to Colorado and introduce sports fans throughout the state to our brand and proprietary technology,” said Adrian Vella, Managing Director, US Business, Tipico.

The online sportsbook operations agreement with Tipico is a 10-year agreement that includes a one-time market access fee being paid to the Company on contract signing, plus a minimum annual revenue guarantee and a percentage share of net gaming revenue payable to the Company each year.

“We are very excited to be partnering with Tipico Sportsbook, one of the top sports betting companies in the world, and we look forward to a long and prosperous relationship. The Colorado Division of Gaming has done an excellent job launching Sports Betting and we believe Colorado will be an ideal market for Tipico as they continue their expansion and growth in the United States,” said Erwin Haitzmann and Peter Hoetzinger, Co Chief Executive Officers of Century Casinos.

The Company has already signed two other internet sports betting partnerships in Colorado with Circa Sports and bet365.

About Tipico
Tipico is a U.S. sportsbook originally founded in Europe in 2004. As the leading sports betting provider in Germany and one of

Wall Street’s top analysts are betting on buy-rated stocks like DraftKings and Etsy right now

Boosted by fresh stimulus hopes, the markets have rallied this week. But the overall picture remains one of volatility and uncertainty. As yet no stimulus deal has actually been agreed, and with so many different factors at play (with the coronavirus vaccines, and upcoming elections) it’s not easy to pinpoint stocks poised to outperform.



a police car parked in a parking lot: An employee pulls carts towards a Walmart store in Lakewood, California, July 16, 2020.


© Provided by CNBC
An employee pulls carts towards a Walmart store in Lakewood, California, July 16, 2020.

One way to find the most compelling investing opportunities is to follow the latest stock recommendations from analysts with a proven track record of success. TipRanks analyst forecasting service attempts to pinpoint Wall Street’s best-performing analysts. These are the analysts with the highest success rate and average return measured on a one-year basis — factoring in the number of ratings made by each analyst. 

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What’s more all six stocks covered below don’t just have the support of one top analyst. These stocks all score a ‘Strong Buy’ Street consensus on TipRanks, based on all the top analyst ratings published over the last three months.

Here are the best-performing analysts’ six favorite stocks right now:

DraftKings

Five-star Needham analyst Brad Erickson has just initiated coverage of sports betting giant DraftKings. He kicked off his coverage with a buy rating and $70 price target.

“We view DKNG as one of the leading beneficiaries as online sports betting and gambling take off in the U.S. – an opportunity we size between $42 and $58 billion annually longer-term” the analyst stated on September 30.

Looking forward, he expects the regulatory tailwind to persist and believes online providers’ access to data creates a structurally better user experience vs. brick & mortar.

“Thanks to DKNG’s data-centric approach to customer acquisition and its leading brand & marketing approach, we believe the company could

20 years after Microsoft’s antitrust fight, Steve Ballmer betting that Big Tech won’t be broken up

Steve Ballmer at the GeekWire Summit 2019 (GeekWire Photo / Dan DeLong)

Twenty years after Microsoft waged its own antitrust battle with the U.S. government, former CEO Steve Ballmer is betting that Congress won’t break up Big Tech this time around.

In an interview with CNBC on Wednesday (below), Ballmer was reacting to a U.S. House antitrust subcommittee report released this week that found challenges presented by the dominance and business practices of Amazon, Apple, Facebook and Google.

RELATED: House antitrust probe says Amazon has ‘monopoly power’ over sellers, company slams ‘fringe’ findings

“I’ll bet money that they will not be broken up,” Ballmer told CNBC.

The 450-page report from the subcommittee’s Democratic leaders concludes a 16-month investigation into the four companies as the operators of major online markets. It finds that the market power of the tech giants “has diminished consumer choice, eroded innovation and entrepreneurship in the U.S. economy, weakened the vibrancy of the free and diverse press, and undermined Americans’ privacy.”

Ballmer said he doesn’t think the notion of breaking up the companies answers most of the questions or complaints that are being raised against the companies. And he thinks Facebook, Google, Amazon and Apple would do well to engage with regulators now rather than take unilateral action that they hope satisfies those calling the shots.

“If I’m in these guys’ shoes, I say, ‘Come on, let’s get down there and let’s regulate me and let’s get it over with so I know what I can do,’” Ballmer told CNBC.

Ballmer is currently the billionaire owner of the Los Angeles Clippers NBA franchise and founder of the Bellevue, Wash.-based nonpartisan, not-for-profit civic data initiative USAFacts.

Ballmer also discussed USAFacts’ launch of a $10 million ad campaign, to air during the nationally televised presidential debates, aimed at illustrating

GAN Signs 10-Year Agreement with Wynn Resorts to Provide iGaming and Internet Sports Betting in Michigan

GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading business-to-business supplier of internet gambling software-as-a-service solutions to the U.S. land-based casino industry, today announced that Wynn Resorts, Limited (“Wynn”) (NASDAQ: WYNN) has engaged GAN in a 10-year agreement to be the enterprise software platform for its Internet sports betting and Internet casino gaming business in the State of Michigan. The Company expects to launch Wynn online in Michigan alongside the first regulated online gambling operators in November 2020, subject to all regulatory approvals. The Michigan launch between GAN and Wynn will be a part of the market access agreement between GAN and the Sault Ste. Marie Tribe of Chippewa Indians, who operate five casinos under the Kewadin Casinos brand in Michigan, announced on March 27, 2020.

By leveraging GAN’s U.S.-optimized enterprise software, proven get-to-market capability and on-property reward program integration capability, Wynn will be well-positioned as an early mover in the state of Michigan following its commencement of online gaming activities. Furthermore, as a major national casino brand operating casinos in both Las Vegas and Boston Massachusetts, Wynn has a substantial database of patrons’ resident within the Michigan region to cross-market to Internet gambling.

Together with a market-leading range of Internet casino games developed by GAN and/or aggregated from third parties, GAN will publish third-party sports betting content procured from a third-party sports betting content provider augmented by Wynn’s strategic partner Betbull Limited.

Jeffrey B. Berman, Chief Commercial Officer of GAN, commented:

“We look forward to powering the Wynn brand in Michigan with our highly optimized technology platform and enabling Wynn to efficiently invest their marketing capital to attract loyal sports betting and iGaming players. We are pleased to onboard Wynn, with its national casino brand and substantial Michigan-region patron base, as a major operator client and are excited