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GamingAccount Network New Casino Set Up

GAMEACCOUNT NETWORK CONFIRMS NEW EUROPEAN ONLINE CASINO SET-UP FOR U.S. CLIENT
 
Client not identified, but it has ambitions in Europes regulated markets.
 
Online gambling software supplier GamingAccount Network (GAN) has confirmed earlier reports that it has contracted to set-up a European regulated markets-facing online casino in an extension of an existing partnership with one of its unidentified US clients
 
In a stock market advisory Monday GAN advised that the deal includes a $1.4 million up-front cash payment, the creation of a mobile app and online casino, and a multi-year marketing commitment.
 
The new website and app are expected to launch in H1 2017 and will target Europe and other international regulated gaming markets outside the US under a seven year contract with the as yet unnamed client.
 
It will include a live dealer element, broadcast from the client’s flagship US casino property.
 
The deal represents GANs first US partnership venture into overseas’ regulated Internet gaming markets, and the new online casino will be supported by a minimum user acquisition marketing budget wholly funded by the client at $10 million per annum over the term of the seven year contract.
 
GAN will participate materially in the net income generated by the online venture in a market which is forecast to reach a value of $16.5 billion in 2017.
 
Once launched, the online casino will be integrated with the clients on-property rewards program - the first International real-money Internet casino offering non-US resident players access to a major US casino’s rewards.
 
GAN chief executive Dermot Smurfit said in a statement Monday:
 
“GAN’s unique casino product is performing strongly in New Jersey’s regulated market and is anticipated to perform equally well in Europe’s fast-growing markets.
 
"Enabled by the US casino operator’s brand, US casino property facilities, balance sheet and marketing investment, we anticipate our B2B turnkey services delivered to this US casino operator to contribute material revenue and earnings commencing H1 2017.
 
"GAN will also receive a substantial cash payment for divesting legacy B2C intellectual property assets, receivable before year’s end 2016, which completes the strategic B2C Internet gaming divestment process first announced in September 2015. This divestment will position GAN as a B2B-only provider of enterprise grade Internet gaming technology solutions principally serving America’s major casino operators.
 
"This contract is a material long term revenue opportunity for GAN and an exciting opportunity for the Client to expand their land-based US gaming operations into the online channel, overseas.”
 
GAN describes its US partner as "...a major multi-property casino operator in a regional US gaming market with approximately $1 billion in annual land-based gaming revenues. The Overseas Internet Casino will feature the Client’s casino property brand and offer overseas players the ability to engage with GAN’s award-winning real money Internet gaming platform currently powering BetfairCasino.com in New Jersey."
 
The new venture will be powered by GAN’s GameSTACK Internet gaming system, which is technologically integrated with remote gaming servers from all major Internet gaming content vendors including major US casino equipment manufacturers.



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Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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