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casino 12 September 2016 (PRESS RELEASE) -- GAN plc, an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the U.S., announces it has extended an existing partnership with a major U.S. casino operator to launch an International overseas real money Internet casino gaming website and mobile App. The new website and App are expected to launch in H1 2017 and will target Europe and other International regulated gaming markets outside the U.S. under a seven year contract with the Client. Highlights GAN's first U.S. Casino client to extend partnership into overseas' regulated Internet gaming markets GAN selected following an extensive due diligence process based on its deep and proven capability in providing a custom-designed real money gaming experience integrated into an on-property loyalty program and casino management system GAN to receive an up-front $1.4 million cash payment for intellectual property assets and development services following completion of customary due diligence and regulatory approvals expected in Q4 2016 Launch of the Overseas Internet Casino will be supported by a minimum user acquisition marketing budget wholly funded by the Client: $10 million per annum over the term of the seven year contract GAN to participate materially in the net income generated by a unique Internet casino offering principally targeting a growing European Internet gaming market which is forecast to reach a value of $16.5 billion in 2017 The Overseas Internet Casino is expected to launch online in H1 2017 and will be integrated into the Client's on-property rewards program - the first International real money Internet casino offering non-U.S. resident players access to a major U.S. casino's exciting สโบเบท 55 rewards program. Dermot Smurfit, CEO of GAN commented: "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.
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"Just as we broke new ground with Casino Heroes, our goal with Betser is to offer a new and more entertaining way to bet on sports," said Kristofer Bergdahl, CMO Hero Gaming. Hero Gaming launched Casino Heroes in 2014 with NHL player Nicklas Backstrom as frontman. This collaboration was expanded during the development of Betser, with Nicklas bringing his friend and NHL colleague Carl Hagelin on board. They both provided feedback and contributed input during the development of the new betting experience offered by Betser. "Getting Nicklas' and Carl's feedback during product development has helped us to develop a sportsbook where the competitive element is raised to a social level," said Bergdahl. Unique from all other sportsbooks, Betser is introducing 'Balls and Brains', which rewards the player's courage and skills. The concept is built on something every player will recognize: Balls trusting your gut feeling and betting on a long shot; and Brains taking a more calculated bet minimizing risk. Depending on your betting style, you will be rewarded with Balls or Brains that will impact your player profile. Your Balls and Brains can also be exchanged for free bets in the locker room. "We've long been under the impression that innovation related to sports betting has in many respects been standing still in recent years, where only minor changes have been made to existing products. Instead, we have tried to look at sports betting from a new perspective in order to offer a more entertaining experience," continued Bergdahl.
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