GAN Launches Exclusive Ainsworth Online Gaming Content via SuperRGS in Michigan for Churchill Downs Incorporated

Rhea-AI Summary

GAN Limited (NASDAQ: GAN) has announced its first deployment of exclusive online gaming content from Ainsworth Game Technology Limited (ASX: AGI) through its SuperRGS platform to TwinSpires in Michigan. This partnership grants GAN exclusive online rights to Ainsworth's online games, with over seventy games currently available. CEO Dermot Smurfit views this as a significant milestone for SuperRGS, anticipating that many U.S. iGaming operators will become clients soon. The collaboration aims to expand GAN's customer base and enhance revenue opportunities.

Positive

• First deployment of exclusive Ainsworth gaming content via SuperRGS.
• Exclusive rights to over seventy Ainsworth online games.
• Potential broad-based customer expansion for SuperRGS.
• Increased take rate on Gross Operator Revenue expected.

Negative

• None.

Announcement marks the first partner for GAN’s Super RGS

IRVINE, Calif.--(BUSINESS WIRE)-- GAN Limited (the "Company" or "GAN") (NASDAQ: GAN), a leading full-service internet gaming software-as-a-service provider to the real money internet gaming, online sports betting, and simulated gaming industries, announced the deployment of Ainsworth Game Technology Limited ("Ainsworth") (ASX: AGI) online gaming content occurred yesterday via the Company's SuperRGS content aggregation platform to Churchill Downs Incorporated's online wagering platform, TwinSpires, in Michigan.

In May of this year, GAN announced it had reached an agreement with Ainsworth to obtain the exclusive online rights to all current and future Ainsworth online games, comprising over seventy unique games with more in the pipeline, for an undisclosed amount. For GAN, this marks the first deployment of exclusive Ainsworth online gaming content via SuperRGS in Michigan.

Dermot Smurfit, CEO of GAN, commented:

“We are excited to launch our first major client of Super RGS and feature the leading portfolio of Ainsworth’s proven online titles. This is a key inflection point for Super RGS as we believe most iGaming operators in the U.S. will become clients of our Super RGS in relatively short order. Super RGS will allow GAN to increase its take rate on Gross Operator Revenue and open a new broad-based customer base.”

Jason Lim, General Manager - Online of Ainsworth, added:

“Working efficiently with GAN to integrate our RGS into their Super RGS content aggregation platform has been a positive experience for all parties, and we're delighted to release the first highly-regarded Ainsworth online slot titles to GAN clients in Michigan, with all other iGaming States on the roadmap for 2022. Demand from B2C Operators for our content remains strong and we are looking forward to greatly ramping our online slot portfolio and distributing the same with the help of GAN.”

About GAN Limited

GAN is a leading business-to-business supplier of internet gaming software-as-a-service solutions predominantly to the U.S. land-based casino industry. Coolbet, a division of GAN, is a market-leading operator of proprietary online sports betting technology with market leadership positions in select European and Latin American markets. GAN has developed a proprietary internet gaming enterprise software system, GameSTACK™, which it licenses to land-based casino operators as a turnkey technology solution for regulated real money internet gaming, encompassing internet gaming, internet sports gaming, and virtual Simulated Gaming. Additional information about GAN can be found online at www.GAN.com.

About Ainsworth Game Technology

Ainsworth Game Technology Limited (ASX:AGI) ("Ainsworth") is an Australian publicly listed company headquartered in Sydney, Australia. Ainsworth offices are located around the world including the U.S. and Latin America. With a fully integrated operation including design, development, assembly, testing, sales and field service; Ainsworth encompasses the entire product development cycle from conception through to installation, service and support.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding future business opportunities as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate” and similar statements of a future or forward-looking nature. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Please refer to the Company’s annual, quarterly and current reports filed on Forms 10-K, 10-Q and 8-K from time to time with the Securities and Exchange Commission for a further discussion of the factors and risks associated with the business. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update or revise any forward-looking statements for any reason, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211201005391/en/

Investor:

GAN

Robert Shore

Vice President, IR and Capital Markets

(610) 812-3519

rshore@GAN.com

Alpha IR Group

Ryan Coleman or Davis Snyder

(312) 445-2870

GAN@alpha-ir.com

Source: GAN Limited

FAQ

What is GAN's recent partnership announcement regarding Ainsworth?

GAN Limited announced the deployment of exclusive online gaming content from Ainsworth Game Technology through its SuperRGS platform to TwinSpires in Michigan.

What does GAN's SuperRGS platform do?

GAN's SuperRGS platform aggregates online gaming content, allowing for the distribution of games to various operators.

How many games does GAN have exclusive rights to from Ainsworth?

GAN has exclusive online rights to over seventy unique games from Ainsworth Game Technology.

Where is GAN deploying Ainsworth's online content?

GAN is deploying Ainsworth's online gaming content to TwinSpires in Michigan.

What does CEO Dermot Smurfit say about the potential of SuperRGS?

CEO Dermot Smurfit mentioned that SuperRGS represents a key inflection point, with many U.S. iGaming operators expected to become clients.