GAN PLC, a developer and supplier of B2B Internet-gambling software, services, and games in the United States, filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission today relating to the proposed public listing of common stock in GAN Limited. The public listing is expected to take place after the SEC completes its review process, subject to market and other conditions. The number of ordinary shares to be offered and the price range for the proposed offering have yet to be determined.
GAN licenses its online-gambling software, GameSTACK, principally to land-based U.S. casino operators; the turnkey technology encompasses internet casino gambling and sports betting. GAN’s net revenue for 2019 was $30 million, an increase of 114% over 2018.
Since 2010, GAN has partnered with Aristocrat, Everi Holdings, Konami, Ainsworth, Incredible Technologies, and Gamomat, among others, to re-create their games for play across desktop, Apple iOS, and Google Android devices.
GAN is listed on the London Stock Exchange and will be listed on Nasdaq in the U.S. after the Security and Exchange Commission’s due diligence is completed.
