Bro Restricted (NASDAQ: GAN), an Irvine, CA-based full-service web gaming software-as-a-service supplier to the actual cash web gaming, on-line sports activities betting, and simulated gaming industries, acquired Bulgaria and U.Okay.-based on-line on line casino sport developer Silverback Gaming.
The quantity of the transaction was not disclosed. The deal is a part of Gan’s content material acquisition technique to extend:
- its ‘take price’ on current B2B Gross Operator Income coming from iGaming, in addition to
- its share of iGaming revenues from B2C operators within the U.S.
Silverback Gaming is a software program firm advancing on-line on line casino video games. Particularly, the corporate owns confirmed on-line slot video games resembling Aztec Luck™ and Thriller Stacks™, presently distributed throughout European regulated markets to greater than 100 B2C operators of iGaming.
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The acquisition will give GAN the unique rights globally to all present and future Silverback on-line video games, which the corporate forecasts to incorporate 50 distinctive new slot video games within the subsequent 36 months. The deal may also bolster its SuperRGS providing launched final month within the U.S. The SuperRGS aggregation platform provides 35+ suppliers with 2,400+ video games – together with unique gaming content material – by way of one integration with an unique portfolio of on-line on line casino slot gaming experiences. Silverback’s present portfolio of on-line slot video games will launch throughout the SuperRGS content material suite beginning within the first half of 2022.
Led by Dermot Smurfit, President & CEO, GAN Gan is a business-to-business supplier of web playing software-as-a-service (SaaS) options primarily throughout the U.S. land-based on line casino trade. It is usually an operator of proprietary on-line sports activities betting know-how with market management positions in choose European and Latin American markets, by way of its Coolbet division. Gan acquired Coolbet for approx. $175.9m in money and inventory in November 2020 and built-in its proprietary sports activities betting know-how into its Enterprise-to-Enterprise know-how stack quickly after the closing of the deal.
The corporate has developed a proprietary web playing enterprise software program system, GameSTACK™, which it licenses to land-based on line casino operators as a know-how answer for regulated actual cash web playing, encompassing web gaming, web sports activities gaming, and digital Simulated Gaming.
Commenting on the deal, Smurfit stated: “…Silverback has constructed its fame on this trade as a number one slot design innovator and we welcome the staff’s expertise, together with slot mathematicians and software program engineers, which will likely be a useful long-term asset as we construct upon our technique of increasing our unique on-line slot video games for distribution within the U.S. We’re very happy with the progress surrounding our SuperRGS technique and right this moment’s announcement is the following thrilling step in that strategic initiative.“