B2B gaming firm GAN has announced the signing of a long-term deal with the FanDuel Group (FDG) as Platform provider for the rapid deployment of Internet casino, and account services for Internet sports betting in Pennsylvania and West Virginia, in addition to the existing services provided since 2013 by GAN to FDG in the State of New Jersey.
GAN said the expanded contract represents a material increase in the value of the partnership across revenue share, professional services and patent licensing fees.
As part of the contract expansion FDG has agreed to license GAN’s US Patented technology which allows 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.
FanDuel becomes GAN’s second client in the State of Pennsylvania in addition to Parx Casino.
Dermot Smurfit, CEO of GAN:
“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.”