Market Overview

GAN to Launch Parx Casino Internet Gaming in Pennsylvania


Pennsylvania's market leading casino files $10m application in
preparation for iGaming launch utilizing GAN's US-patented technology

GAN plc ("GAN" or the "Company"), an award-winning developer and
supplier of enterprise-level B2B Internet gaming software, services and
online gaming content in the United States, today confirms Greenwood
Gaming & Entertainment, Inc. trading as ‘Parx Casino' ("Parx Casino")
has filed a petition with the Pennsylvania Gaming Control Board ("PGCB")
confirming Parx Casino's intention to launch Internet gaming online in
the State of Pennsylvania and identifying GAN as their enterprise
software platform provider.

Parx Casino launched GAN's Simulated Gaming in March 2015, which will
remain operational and available online at following the
launch of real money regulated Internet gaming.


  • Parx owns and operates the #1 land-based casino property in
    Pennsylvania located a short distance from Philadelphia,
    Pennsylvania's largest City. In the most recent fiscal year ended June
    30, 2018 Parx Casino generated $570m from slot machines and table
    games on-property representing a 18% share of the Pennsylvania's
    $3.2bn gaming market.
  • The Pennsylvanian regulated Internet gaming market is forecast to
    generate $200m in gross gaming revenue online during the first twelve
    months of operation (source: Eilers & Krejcik Gaming LLC1).
  • GAN's US-patented technology will enable Parx Casino patrons enrolled
    in the on-property loyalty program, to sign up online and instantly
    link their reward cards to their online account permitting those
    guests to trade in their reward points earned from on-property gaming
    for cash online and/or to earn rewards points from Internet gaming, to
    be subsequently redeemed on-property.

Management Commentary

Dermot Smurfit, CEO of GAN commented:

"Parx Casino and GAN have collaborated well for three years,
developing a close working relationship by operating Simulated Gaming
online. Launching regulated real money Internet gaming in Pennsylvania
is a logical extension of our existing long-term relationship and we
welcome the opportunity to deliver excellence in technology and product,
as we have for our clients in New Jersey."

John Dixon, CTO of Greenwood Entertainment & Racing, Inc commented:

"GAN has demonstrated its Regulated Gaming capability in New Jersey
and the merits of integrating with a casino management system. Parx
Casino will have the opportunity to launch Regulated Gaming in
Pennsylvania later this year, subject to the regulatory approval of the


1 Eilers & Krejcik Gaming, LLC | ‘Pennsylvania Gambling Expansion –
Overview and Analysis' November 8, 2017

FAQ's about Pennsylvania, Internet Gaming, GAN's Patent & relevant

  • Pennsylvania's population of 12.8m is +42% larger than New Jersey's
    population of 8.9m.
  • There are currently twelve (12) land-based casino properties in
    Pennsylvania which together generated $3.2bn in land-based gross
    gaming revenue in fiscal year 2017/18 ending June 30, 2018.
  • Internet casino gaming in the neighbouring State of New Jersey is a
    fast-growing market which generated $221m in Gross Gaming Revenue in
    CY2017 (+30% Year on Year) and is anticipated to grow +20% Year on
    Year to ~$266m in CY2018E.
  • Patent 8,821,296 was issued to GAN plc in September 2014 and governs
    the automated authentication, card linkage and intra-system messaging
    between the on-property Casino Management System and GAN's Internet
    gaming system. Already proven for Simulated Gaming, the launch of the
    real money Internet casino gaming for Parx Casino is anticipated to
    generate new on-property visitation by Internet-first players as well
    as increase visitation rates among patrons who first engage
    on-property with Parx Casino then subsequently play online from home,
    accumulating reward points from online play.
  • GAN has licensed its US Patent fourteen (14) times to major US casino
    operators and Parx Casino is the third land-based casino operator to
    license the Patent for real money Online Gaming following the
    licensing & services agreements between GAN and Greenwood Gaming &
    Entertainment, Inc. announced November 2014; MDDC (The Borgata)
    announced December 2016; and Ocean Resort Casino announced July 2018.
  • The Federal ban on sports betting enshrined within Professional and
    Amateur Sports Protection Act 1992 ("PASPA") was repealed by the
    Supreme Court of the United States on May 14, 2018 permitting
    individual US States to pass their own sports betting laws.
  • Pennsylvania passed legislation bill HB 271 on October 26, 2017
    (signed into law on October 30, 2017) enabling land-based casinos in
    the State of Pennsylvania to launch real money Internet gaming and
    (subject to the repeal of PASPA) Internet sports betting.

GAN | Overview

GAN is a leading B2B supplier of Internet gaming enterprise
software-as-a-service solutions to the US land-based casino Industry.
GAN is listed on the ESM Market of the Irish Stock Exchange and the AIM
Market of the London Stock Exchange under the ticker: GAN

The Company has developed an Internet gaming enterprise software system,
GameSTACK™, which it licenses principally to land-based US casino
operators as a turnkey technology solution for both regulated real-money
and/or virtual Simulated Gaming. GAN has fourteen (14) casino operators
as clients of Simulated Gaming coast-to-coast across the US and
Internationally; two (2) clients of real money Regulated Gaming in New
Jersey; one (1) client of real money Regulated Gaming in Pennsylvania
and ten (10) clients of real money Regulated Gaming in Europe.

The Internet Gaming System, developed in London under a UK Gambling
Commission license, is certified to the highest technical standards
currently required by gaming regulators. In January 2018 GAN announced a
strategic partnership with SBTECH, a leading European B2B sports betting
technology provider. In April 2017 GAN was granted a Casino Service
Industry Enterprise license by the New Jersey Division of Gaming
Enforcement being GAN's first privileged gaming license in the United
States. In May 2018, the US Supreme Court repealed PASPA and GAN
confirmed the H2 launch of sports betting for US clients integrated into
GAN's enterprise software platform.

For more information please visit

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