GAN targets second half launch for US online sports betting

GAN has reiterated its intention to launch online sports betting services in both New Jersey and Pennsylvania during the second half of the year.

Sports wagering is not yet legal in either of the US states, but both New Jersey and Pennsylvania are now eligible to regulate such services after last month’s Supreme Court ruling on the matter.

In May, the Supreme Court voted to overturn the federal 1992 Professional and Amateur Sports Protection Act (PASPA), in a move that will now enable states to individually legalise sports betting.

Recent press reports in the US have raised doubts as to whether certain casinos in New Jersey will be able to offer online sports betting due to their ownership or affiliation with sports teams.

However, GAN has moved to allay concerns over the matter, saying that it has investigated the issue with its clients and does not currently expect any impact on its plans to launch sports betting.

GAN intends to deliver sports betting services as an integrated extension into its enterprise software platform.

Dermot Smurfit, chief executive of GAN, said: “Online sports betting ‘go-live’ preparations are well advanced and we remain confident in launching as soon as reasonably possible in H2.”

The declaration comes after GAN last month announced details of a proposed equity subscription of £7.5m (€8.5m/$10.1m) as it seeks to bolster its position in the US.

The company plans to use the proceeds to strengthen its software engineering resources in order to better serve existing customers in the country.

GAN already works with a number of clients in the US such as WinStar.com.

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