Tuesday 22 October 2019

Smurfit Jr’s Gan continues US expansion

Dermot Smurfit Jnr
Dermot Smurfit Jnr
Ellie Donnelly

Ellie Donnelly

Dermot Smurfit Jr's Gan has extended its relationship with Parx Casino to include the State of New Jersey.

This is Gan’s third significant customer in the New Jersey market, where the online sports betting and casino markets continue to grow ahead of expectations, according to analysts at Davy Stockbrokers.

Parx’s expected launch date in the state is yet to be announced.

The extension of the relationship follows the announcement last year that Gan would provide similar services to Parx in Pennsylvania, where it operates the largest land-based casino.

Elsewhere and Gan was also conditionally approved as an Interactive Gaming Manufacturers in Pennsylvania on March 6th.

This license is Gan's second gaming license in the US following the receipt of a full Casino Service Industry Enterprise license in New Jersey in April 2017.

The cost of licensing was significantly lower than the company’s previous expectations. It will pay a fee of $10,000, a fraction of the anticipated $1m licensing cost.

“Gan continues to strengthen its position in the fast-emerging US internet sports betting and casino markets,” Michael Mitchell, analyst at Davy, said.

“These developments combined with “current strong trading conditions” underpin its 2019 guidance,” he added.

Earlier this year the group announced it had entered a "material" long-term deal with the FanDuel Group.

FanDuel is PaddyPower Betfair's enlarged US business.

Online Editors

Also in Business