Gameaccount Network, an award-winning supplier of casino platforms, has announced the launch of new online casino.
New online casino will be targeted at European market and it will be an extension for an existing partnership with one of their US clients. In the announcement, Gameaccount Network stated that the deal includes $1.4 million up-front cash payment, the creation of online and mobile casino, as well as long-lasting marketiing services.
The new casino website and mobile application are expected to be launched in the first months of upcoming year. The new casino will be tailored mainly for European regulated gaming markets. Apart from top-notch slot games, players will also get Live Casino solution. At this point, it is still unknown which developers of gaming software will equipp the casino, however players can expect best-of-breed producers, such as Microgaming, NetEnt, Playtech and Betsoft. Back in 2015, Gameaccount Network has been awarded CAsino Platform of the Yeear by EGR.
Dermot Smurfit, Gameaccount Network Chief Executive:
“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 2023, 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.”
