Sportsbook technology provider GAN has received a license to supply its platform to operators in Nevada’s sports betting market.
The firm has been awarded a supplier license from the Nevada Gaming Commission, allowing the B2B provider to establish relationships with operators in the state.
While the license allows GAN to enter the market, the firm’s sports betting technology still requires separate certification, therefore the firm can only begin field trial operations in the interim period.
Seamus McGill, Chairman and Interim CEO of GAN, commented: “We are very pleased and humbled to have received regulatory approval from the State of Nevada to hold a gaming license. We are excited that we will be launching our leading-edge GAN Sports product in Nevada in the next few months.
“The Las Vegas Locals market is one of the largest and most recognizable gaming markets in the world, and we are incredibly excited to be entering it.”
GAN Sports serves land-based casinos with sports betting technology and also offers online solutions for brick-and-mortar locations to access the digital opportunities available. Other partners include Encore Boston Harbor, Island View Casino Resort and Oaklawn Racing Casino Resort.
However, the firm has found itself in regulatory hot water this year after the platform was at fault for a prohibited bet at Encore Boston Harbor. The firm powers WynnBet in Massachusetts and allowed bets for a short period of time on a prohibited sporting fixture due to an error in logging teams into the platform.
Nevertheless, this issue was resolved and the firm is now expanding its license base to Nevada. Once fully approved, GAN will take over the sports betting app for Station Casinos, which it agreed a deal with back in October 2021. Station Casinos has worked with Red Rock for sports betting technology but after issues will switch to the GAN platform.
McGill added: “This is the third state where our B2B sports betting technology and trading solution, GAN Sports, will be operational, and we look forward to bringing a unique and fun wagering experience to a large and growing market.”
Earlier this year, GAN initiated a strategic review of its operations and in the last few weeks, former CEO Dermot Smurfit left his role though it was never disclosed whether this was in relation to the review.
Smurfit remains a substantial shareholder in GAN and talks are underway as to Smurfit’s future arrangements with the company, perhaps in a consultancy capacity.