GAN plc, a B2B supplier of internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry, has announced it has signed a multi-year agreement with Goldbet Srl (Goldbet) an Italian internet sports betting & casino gaming operator in Italy’s regulated market.
“Italy remains a strategic stronghold for GAN and represents a substantial long term investment in a market which first regulated internet skill-based games in 2009, Casino Table games in 2011 and Casino Slot Games in 2013,” said Dermot Smurfit, CEO of GAN.
“The Italian regulated Internet gaming market appears locked in a structural growth cycle which GAN continues to benefit from by delivering an increasing number of high quality Internet casino games to its clients. We very much welcome the addition of Goldbet as our ninth client in Italy.”
The firm delivers more than 500+ casino slots, table games and non-traditional games in Italy to eight Italian clients who together represent more than forty per cent of Italy’s internet casino gaming market by gross gaming revenue.
Goldbet has approximately three per cent market share of internet casino gaming in Italy and is anticipated to be accretive to GAN’s Net Revenues and EBITDA derived from Italy commencing in H2 2018.