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GAN Ltd.

10/12/2021 | Press release | Distributed by Public on 10/12/2021 13:49

GAN’s Technology Platform Now Helping to Deliver FanDuel iGaming in Connecticut

GAN's Technology Platform Now Helping to Deliver FanDuel iGaming in Connecticut

October 12, 2021

FanDuel-branded Internet casino launched on 'Day One' of Connecticut online market commencement

Irvine, California | October 12, 2021: GAN Limited (the "Company" or "GAN") (NASDAQ: GAN), a leading full-service internet gaming software-as-a-service provider to the real money internet gaming, online sports betting, and simulated gaming industries, today announced it is partnering to operate FanDuel's online casinos in Connecticut. FanDuel is one of just three approved operators of online casino in Connecticut serving a population of 3.6 million residents.

The partnership builds upon GAN's longstanding relationship with FanDuel, now leveraging GAN's iGaming platform technology across five U.S. States including New Jersey, Pennsylvania, Michigan, West Virginia and now Connecticut.The Company is pleased to support FanDuel and have them operational on Day One of the Connecticut iGaming market.

Management Commentary

Jeff Berman, CCO of GAN commented:

"We are pleased to have launched our internet casino platform for FanDuel on day one of the Connecticut market, a critical success factor for many operators of iGaming. The GAN team is excited to continue State-by-State expansion here in the U.S. with Connecticut representing our fifth operational iGaming State."

About GAN Limited

GAN is a leading business-to-business supplier of internet gaming software-as-a-service solutions predominantly to the U.S. land-based casino industry. Coolbet, a division of GAN, is a market-leading operator of proprietary online sports betting technology with market leadership positions in select European and Latin American markets. GAN has developed a proprietary internet gaming enterprise software system, GameSTACK™, which it licenses to land-based casino operators as a turnkey technology solution for regulated real money internet gaming, encompassing internet gaming, internet sports gaming, and virtual Simulated Gaming. Additional information about GAN can be found online at www.GAN.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding future business opportunities as well as statements that include the words "expect," "intend," "plan," "believe," "project," "forecast," "estimate," "may," "should," "anticipate" and similar statements of a future or forward-looking nature. These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Please refer to the Company's annual, quarterly and current reports filed on Forms 10-K, 10-Q and 8-K from time to time with the Securities and Exchange Commission for a further discussion of the factors and risks associated with the business. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update or revise any forward-looking statements for any reason, except as required by law.

Investor Contacts:

GAN

Robert Shore

Vice President, IR and Capital Markets

(610) 812-3519

[email protected]

Alpha IR Group

Ryan Coleman or Ashley Gruenberg

(312) 445-2870

[email protected]