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.