(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., today announces the grant of its first privileged gaming license in the U.S. issued to GAN by the New Jersey Division of Gaming Enforcement. This establishes the suitability of GAN, its major shareholders, directors and key employees to conduct regulated internet gaming business in New Jersey. In parallel, this important milestone strongly positions GAN to obtain licenses in other U.S. States that may elect to regulate real-money internet gaming in the future.
GAN submitted an initial license application in 2013 and has supported the NJDGE in undertaking customary and necessary investigations into GAN's current and historic business activities, major shareholders, directors and key employees.
Dermot Smurfit, CEO of GAN, commented, "We have long maintained that a key benefit of choosing GAN is the 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 to be licensed in New Jersey. Here is the proof of those long-standing statements. GAN has been thoroughly and professionally investigated by the NJDGE, and we welcome the grant of our first privileged gaming license in the U.S. In the heavily regulated world of internet gaming, the significance of this gaming license cannot be underestimated and is a major asset for our Company and will deliver our shareholders significant value over time."