GAN Gets New Jersey License

Online gaming technology provider GAN has received an online gambling license from New Jersey regulators. CEO Dermot Smurfit (l.) cited the “guaranteed integrity” of his company.

Online gaming technology provider GAN has received a Casino Service Industry Enterprise license courtesy from the New Jersey Division of Gaming Enforcement, the company announced.

The company first applied for the license in 2013.

GAN CEO Dermot Smurfit said in a press release the license is further evidence of the company’s “guaranteed integrity and strong compliance profile of our current and historic business activities, clean source of investment funds and the unquestioned suitability of our major shareholders, directors and employees.”

Smurfit also said the significance of the new license “should not be underestimated” as it seeks similar licensing in other states.

GAN provided the technology platform for the 2013 launch of Betfair’s New Jersey online casino and also has a presence in Italy’s real-money online gambling market. However, GAN—formerly Game Account Network—is mostly known for its online free-play Simulated Gaming social casino product.

GAN recently released first quarter performance indicators for its online operations, which showed active player days up 9.3 percent from the fourth quarter of 2016. Average revenue per daily active user rose 3.7 percent quarter-on-quarter to $7.69, according to an analysis by CalyinAyre.com.

Recent Articles

History Playbook

On This Day In Sports History

On June 19, 1973, 45-year-old hockey legend Gordie Howe came out of a two-year retirement to sign with the WHA's Houston Aeros, joining his teenage sons, Marty and Mark. Previously a 25-season Red Wings star with 786 goals, Howe played six WHA seasons before returning to the NHL post-merger, skating his final game with the Hartford Whalers at age 52.

On This Day In Sports History

A decade of dominance. From 1981 to 1990, the Las Vegas Hilton held the title of the largest hotel in the world. The reign ended only when the modern "mega-resort" took over the block. When The Mirage opened in 1989, followed by the Excalibur in 1990, it triggered a massive, theme-driven architectural race that reshaped Las Vegas into the global destination we know today.