GAN's Major Milestone in Nevada's Sports Betting Industry

In a significant development for the sports betting industry, GAN, an international business-to-customer sports betting operator, and a North American business-to-business provider of real money internet gaming solutions, announced its latest achievement. The company disclosed that it has received regulatory approval from the Nevada Gaming Commission, a crucial step in the process of expanding its operations in the state.

GAN's recent success in obtaining regulatory approval from the Nevada Gaming Commission and the Nevada Gaming Control Board is a major milestone. This approval paves the way for the company to initiate a field trial for its innovative GAN Sports betting platform. This trial will allow GAN to offer its sports betting services to customers in Nevada, marking a significant step forward in the company's expansion plans.

To introduce its cutting-edge technology in Nevada, GAN still requires an additional certification. However, the company is well-prepared for this step. GAN Sports, the company's sports betting platform, is equipped with the necessary infrastructure to enter the regulated gambling market in Nevada. This infrastructure covers both retail sports betting facilities and mobile applications, ensuring a comprehensive offering to customers.

GAN's journey in Nevada began with the acquisition of a conditional Nevada license earlier this month. With this license, the company has already taken over the sports betting platform for Red Rock Resorts' sportsbooks located in Southern Nevada. This move has positioned GAN as a significant player in Nevada's sports betting landscape.

Seamus McGill, GAN's chairman and interim CEO, expressed his enthusiasm for the regulatory approval from the Nevada Gaming Commission. He emphasized the company's eagerness to introduce GAN Sports, its innovative sports product, to Nevada's customers. McGill sees the Las Vegas Locals market as a significant opportunity, highlighting its recognition as one of the largest gaming markets globally. He anticipates that GAN Sports will offer unparalleled experiences to the market.

In his statement, Seamus McGill said, "We are very pleased and humbled to have received regulatory approval from the State of Nevada to hold a gaming license. We are excited that we will be launching our leading-edge GAN Sports product in Nevada in the next few months."

In related news, Seamus McGill was appointed as the interim CEO following the resignation of Dermot Smurfit, GAN's former CEO. The company has initiated a search for a permanent CEO to fill the role.

This approval from the Nevada Gaming Commission is a significant step for GAN, as it gears up to launch its sports betting services in Nevada and solidify its presence in the U.S. sports betting market.