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London|November 18, 2019

GAN Appoints B. Riley FBR
to lead U.S. Listing

GAN Appoints B. Riley FBR to lead U.S. Listing

London | November 18, 2019: GAN plc (LSE: GAN), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content (“GAN” or “the Company”), has appointed B. Riley FBR, Inc. a subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY) as the Company’s lead banking adviser as part of the Company’s planned reorganization and listing on a recognized investment exchange in the United States.
This key appointment is made by the Company in pursuit of its stated equity capital markets strategy of making GAN’s equity readily available to the U.S. investor community, to improve liquidity and maximize shareholder value.
The Company’s Board of Directors selected B. Riley FBR based on its demonstrated capital markets track record working with emerging U.S. public companies in the technology sector, including Software-as-a-Service vendors.  The Company’s Board of Directors believes B. Riley FBR is ideally suited to support the Company’s achievement of its U.S. listing objective.
The Company does not intend to disclose or comment further on developments related to its U.S. listing unless and until the Board of Directors of GAN has approved a specific transaction or has otherwise determined that further disclosure is appropriate in consultation with its legal and financial advisors. There can be no assurance that the U.S. listing process will result in any particular outcome. Shareholders are encouraged to read the Company’s London Stock Exchange AIM filings which are available online at and
Dermot Smurfit, Chief Executive Officer of GAN commented: 
“We are excited to appoint one of the leading financial advisory firms in the United States to support GAN through the next few months, with the shared objective of obtaining a U.S. listing as soon as reasonably practical. This is the first visible evidence of a process which is already substantially underway, and we look forward to updating the market when appropriate and in line with our continuing compliance obligations.”
This press release is not an offer of securities for sale in the United States, or in any other jurisdiction.  Securities may not be offered or sold in the United States absent registration or an exemption from registration.  Any public offering of securities to be made in the United States will be made only by means of a prospectus that will contain detailed information about the Company and management as well as financial statements.  The Company intends to register an offering of securities in the United States, but no terms have been established and no registration statement has been filed to date. 
About GAN
GAN plc is a leading B2B supplier of Internet gambling enterprise software-as-a-service solutions to the land-based casino Industry with additional operations throughout Europe.
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; three (3) clients of real money Regulated Gaming in New Jersey; two (2) client of real money Regulated Gaming in Pennsylvania and ten (10) clients of real money Regulated Gaming in Europe.
Simulated Gaming™ is now proven to drive increased visitation on-property among high-value casino patrons. 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.
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For further information please contact:


Jack Wielebinski

Head of Investor Relations

[email protected]

+1 214 799 4660

The Equity Group

Adam Prior

[email protected]

+1 212 371 8660

Media Enquiries: Newgate Communications

Adam Lloyd
Giles Croot

[email protected]

+44 (0) 20 3757 6880

Davy (Nominated Adviser and Joint Broker)

John Frain / Barry Murphy

+353 (0) 679 6363

Liberum (Joint Broker)

Neil Patel / Cameron Duncan

+44 (0) 20 3100 2000