Today, GAN PLC confirmed a deal with Michigan’s Sault Tribe of Chippewa Indians.
GAN will provide its online-gaming platform, along with operational services, to the tribe’s five land-based Kewadin casinos, as well as an unnamed major U.S. casino operator client of GAN.
In late December 2019, Michigan passed a gambling bill that legalized full real-money Internet casino gaming and Internet and brick-and-mortar sports betting. With a population of 10 million, the Michigan online gaming and sports betting markets are projected to generate revenues of $377 million in the first 12 months of operations, increasing to $836 million in the fourth operating year.
GAN anticipates that the Sault Tribe’s substantial assets will be a significant contributor to the company’s full-year revenues in 2021.
“Michigan has long represented an attractive market with both Internet sports and Internet casino gaming now regulated. Our technical expertise and ‘day one’ experience in multiple U.S. Internet gambling markets will enable the Sault Tribe to capture their share of the online opportunity,” said GAN Chief Commercial Officer, Jeff Berman.
“We chose GAN and our mutual partner based on their market-leading technology and combined substantial experience serving gaming clients both online and offline,” said Allen Kerridge, CEO of Kewadin Gaming Authority.
GAN recently applied to the U.S. Securities and Exchange Commission to be listed on the Nasdaq Stock Exchange.
