Stay Informed.News

Mississippi Band of Choctaw Indians selects GAN for Simulated Gaming

29 April, 2018

 

LONDON STOCK EXCHANGE (LSE): GAN  | IRISH STOCK EXCHANGE (ISE): GAME

 

Mississippi Band of Choctaw Indians selects GAN for Simulated Gaming

 

Three MBCI owned casinos to offer Simulated Gaming in H2 2018 

 

London & Dublin | April 30, 2018: GAN plc (“GAN” or the “Company”), a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry, today announces the Mississippi Band of Choctaw Indians (“Client”) as a new client of Simulated Gaming anticipated to launch in H2 2018.

 

The Mississippi Band of Choctaw Indians owns and operates Pearl River Resort whose portfolio of assets includes Silver Star Hotel & Casino, Golden Moon Hotel & Casino, Dancing Rabbit Golf Club, and Geyser Falls Water Theme Park located in Choctaw Mississippi.

The Mississippi Band of Choctaw Indians also operates the Resort’s sister property, Bok Homa Casino located in Sandersville, Mississippi.  Pearl River Resort is a major gaming destination for residents of Mississippi and Alabama offering 1,000+ hotel rooms together, with over 2,400 slot machines, 69 table games, 14 table elevated poker room, and bingo room which seats up to 306 players.  Bok Homa Casino provides players with over 720 slot machines, 12 table games, and a bingo room which seats up to 236 players.

Highlights

 

Major client win in a new regional US gaming market reinforces GAN’s market position as the leading B2B enterprise software solution provider to ‘bricks and mortar’ US casino.

 

Fourteenth US casino operator to license GAN’s US Patent to permit patrons to link reward cards to their online Simulated Gaming account and receive reward points automatically triggered by the patrons’ diverse online activities.

 

Fifth major Native American casino operator in the United States to select GAN since the launch of Simulated Gaming.

 

Optional real money Mobile On-property Gaming, at the Client’s election, reinforcing the relevance of GAN’s real money Internet gaming capabilities in support of Simulated Gaming.

 

 

Management Commentary

 

Dermot Smurfit, CEO of GAN commented: 

 

“We are enormously privileged to bring one of America’s largest and most vibrant Native American casino resort properties online with our Simulated Gaming solution. Pearl River Resort is the largest casino resort in the Mississippi gaming region and we anticipate their audience of patrons will engage heavily with Simulated Gaming.”

 

William A. Johnson III, Interim President & CEO commented:
 

“We selected GAN for its proven success in helping casino properties to offer online gaming and for its capability to embed our on-property rewards program into an online experience. Equipped with GAN’s Simulated Gaming, Pearl River Resort will now introduce our casino properties online to a wider audience of casino enthusiasts located in adjacent regional markets.”

 

FAQs about GAN’s Simulated Gaming™

 

Launched in the US by GAN in 2014, Simulated Gaming™ has proven to monetize and retain casino patrons at levels substantially greater than those generally reported by social casino operators.

 

Supported by 306 months of operating data, Simulated Gaming™ is now proven to drive increased visitation on-property among high-value casino patrons.

 

US casino operators report more than 50% of their surveyed casino patrons are already engaged in playing multiple Social Casinos online. Simulated Gaming™ enables land-based US casinos to increase their ‘share of wallet’ among existing patrons as well as reactivate long-term lapsed patrons to return on-property.

 

 

GAN | Overview

 

GAN is a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry. GAN is listed on the ESM Market of the Irish Stock Exchange and the AIM Market of the London Stock Exchange under the ticker: GAN

 

The Company has developed an Internet gaming enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for both regulated real-money and/or virtual Simulated Gaming. GAN has fourteen (14) casino operators as clients of Simulated Gaming coast-to-coast across the US and Internationally; two (2) clients of real money Regulated Gaming in New Jersey; one (1) client of real money Regulated Gaming in Pennsylvania and ten (10) clients of real money Regulated Gaming in Europe.

 

The Internet Gaming System, developed in London under a UK Gambling Commission license, is certified to the highest technical standards currently required by gaming regulators. In April 2017 GAN was granted a Casino Service Industry Enterprise license by the New Jersey Division of Gaming Enforcement being GAN’s first privileged gaming license in the United States.

 

For more information please visit www.GAN.com

 

For further information please contact: 

 

GAN

US Investors: The Equity Group

Dermot Smurfit

Adam Prior

Chief Executive Officer

aprior@equityny.com

+44 (0) 20 7292 6262

212.371.8660

dsmurfit@GAN.com 

 

 

UK & Ireland Investors: Walbrook PR

 

Paul Cornelius

 

GAN@WalbrookPR.com 

 

+44 20 7933 8780

Davy (Nominated Adviser, ESM Adviser and Joint Broker)
 

John Frain / Barry Murphy

+353 1 679 6363

Liberum (Joint Broker)

Neil Patel / Cameron Duncan

+44 (0) 20 3100 2000

Recent News

17 September, 2019
GAN Reports August 2019 Internet Gambling Growth For Pennsylvania

London & Dublin – September 17, 2019: GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today updated the market following the publication on September 16, 2019, by the Pennsylvania Gaming Control Board (“PGCB”) of Internet gaming and Internet sports betting financial information for the calendar month of August 2019 in Pennsylvania. 

Read Full Article
12 September, 2019
GAN H1 2019 Financial Results - Investor Presentation

London | 13 September 2019: GAN plc (“GAN” or the “Group”), a leading B2B supplier of Internet gambling enterprise software-as-a-service solutions to the land-based casino industry, announces its operating and financial results for the six months ended 30 June 2019 - the attched presentation is the H1 2019 Investor Presentation to accompany the earnings call scheduled for 4:00 PM BST (11am EST / 8am PST) on September 13, 2019.

Read Full Article
12 September, 2019
GAN Announces Profitable H1 2019 Financial Results

London | 13 September 2019: GAN plc (“GAN” or the “Group”), a leading B2B supplier of Internet gambling enterprise software-as-a-service solutions to the land-based casino industry, announces its operating and financial results for the six months ended 30 June 2019.
 
 
Financial Overview
 
·        Group Net Revenue of £11.3m (H1 2018: £4.6m), an increase of +145%
 
·        Clean EBITDA1 profit of £3.0m (H1 2018: clean EBITDA loss of £0.3m)
 
·        Profit after tax of £0.7m (H1 2018: loss after tax of £3.0m)
 
·        Basic earnings per share of £0.01 (H1 2018: loss per share £0.04)
 
·        Cash and cash equivalents at 30 June 2019 of £9.1m (£5.5m at 31 December 2018)
 
·        United States accounted for 78% of Net Revenue including £3m derived from patent licensing

Read Full Article
Top of page