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GAN Launches Internet Gambling for Parx Casino in New Jersey
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GAN plc, an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, announced that GAN and Greenwood Gaming & Entertainment, Inc. trading as ‘Parx Casino’ (“Parx Casino”) have launched Internet gaming in the State of New Jersey now available online 24/7 since Friday October 4, following a three-day soft launch period.
Parx Casino patrons can also link their Reward Card online to their counterpart Internet gambling account, enabled by GAN’s U.S. patented integration framework. This represents the second U.S. State that GAN has launched Parx Casino in, following the launch of Internet sports betting and Internet casino gaming in Pennsylvania on June 24 and July 15, respectively.
Highlights
- Parx owns and operates the #1 land-based casino property in Pennsylvania located a short distance from Philadelphia, Pennsylvania’s largest City. In the most recent fiscal year ended June 30, 2018 Parx Casino generated $570m from slot machines and table games on-property representing a 18% share of the Pennsylvania’s $3.2bn gaming market.
- GAN’s US-patented technology enables Parx Casino patrons enrolled in the on-property loyalty program, to sign up online and instantly link their reward cards to their online account permitting those guests to trade in their reward points earned from on-property gaming for cash online and/or to earn rewards points from Internet gaming and/or sports betting, to be subsequently redeemed on-property.
Management Commentary
Dermot Smurfit, Chief Executive Officer of GAN commented:
“Launching the largest casino in Pennsylvania online has now logically extended across the border into New Jersey, extending their reach into New Jersey’s fast-growing and established Internet gambling market. This represents an incremental revenue opportunity for GAN and is a logical extension of our technology infrastructure to serve Parx Casino patrons who routinely cross the invisible border between these two populous States.”
John Dixon, Chief Operating Officer of Greenwood Gaming & Entertainment, Inc commented:
“GAN has now ably demonstrated it abilities to serve our business needs in multiple States which aligns with the cross-border nature of our existing retail gaming customer base. GAN’s launch in New Jersey was a case study in on-time delivery and professional excellence and will enable our patrons to gamble online in either Pennsylvania or New Jersey, as they wish.”
Frequently Asked Questions (FAQ’s)
- For investors and Industry analysts: The core of a “Platform” from both a technical and regulatory standpoint is the Player Account Management System i.e. where highly sensitive customer and player activity data is stored and processed. Other elements of Platform can include a sportsbook transaction engine, gaming content integrations, payment services, marketing services, trading services and other ancillary activities. However, the core functionality to describe B2B systems and services as a ‘Platform’ is the Player Account Management System. This is also the layer of B2B activity which tends to require regulatory approval as a ‘Platform’ since it is the focal point of data and player security. Therefore, without the Player Account Management System, a service provider might be offering very valuable B2B functionality but not in the strictest sense a ‘Platform’ (source: Regulus Partners).
- Pennsylvania’s population of 12.8m is +42% larger than New Jersey’s population of 8.9m.
- There are currently twelve (12) land-based casino properties in Pennsylvania which together generated $3.2bn in land-based gross gaming revenue in fiscal year 2017/18 ending June 30, 2018.
- Internet casino gaming in the neighbouring State of New Jersey is a fast-growing market which generated $221m in Gross Gaming Revenue in CY2017 (+30% Year on Year) and is anticipated to grow +20% Year on Year to ~$266m in CY2018E.
- Patent 8,821,296 was issued to GAN plc in September 2014 and governs the automated authentication, card linkage and intra-system messaging between the on-property Casino Management System and GAN’s Internet gaming system. Already proven for Simulated Gaming, the launch of the real money Internet casino gaming for Parx Casino is anticipated to generate new on-property visitation by Internet-first players as well as increase visitation rates among patrons who first engage on-property with Parx Casino then subsequently play online from home, accumulating reward points from online play.
- GAN has licensed its US Patent fourteen (14) times to major US casino operators and Parx Casino is the third land-based casino operator to license the Patent for real money Online Gaming following the licensing & services agreements between GAN and Greenwood Gaming & Entertainment, Inc. announced November 2014; MDDC (The Borgata) announced December 2016; and Ocean Resort Casino announced July 2018.
- The Federal ban on sports betting enshrined within Professional and Amateur Sports Protection Act 1992 (“PASPA”) was repealed by the Supreme Court of the United States on May 14, 2018 permitting individual US States to pass their own sports betting laws.
- Pennsylvania passed legislation bill HB 271 on October 26, 2017 (signed into law on October 30, 2017) enabling land-based casinos in the State of Pennsylvania to launch real money Internet gaming and (subject to the repeal of PASPA) Internet sports betting.
GAN | Overview
GAN is a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry. GAN is listed on the AIM Market of the London Stock Exchange under the ticker: GAN
The Company has developed an Internet gaming enterprise software system, GameSTACK
, which it licenses principally to land-based US casino operators as a turnkey technology solution for both regulated real-money and/or virtual Simulated Gaming. GAN has fourteen (14) casino operators as clients of Simulated Gaming coast-to-coast across the US and Internationally; two (2) clients of real money Regulated Gaming in New Jersey; one (1) client of real money Regulated Gaming in Pennsylvania and ten (10) clients of real money Regulated Gaming in Europe.
The Internet Gaming System, developed in London under a UK Gambling Commission license, is certified to the highest technical standards currently required by gaming regulators. In January 2018 GAN announced a strategic partnership with SBTECH, a leading European B2B sports betting technology provider. In April 2017 GAN was granted a Casino Service Industry Enterprise license by the New Jersey Division of Gaming Enforcement being GAN’s first privileged gaming license in the United States. In May 2018, the US Supreme Court repealed PASPA and GAN confirmed the H2 launch of sports betting for US clients integrated into GAN’s enterprise software platform.
For more information please visit www.GAN.com.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: GAN Launches Internet Gambling for Parx Casino in New Jersey
Latest News
ACR POKER AND CHRIS MONEYMAKER LAUNCH ‘MONEYMAKER MYSTERY MILLION’ WITH $1 MILLION GUARANTEED PRIZE POOL
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A $109 buy-in allows players to take their shot at big bounties and poker glory, plus hundreds of qualifier flights, beginning Sunday, November 2nd
ACR Poker and poker legend Chris Moneymaker have announced the launch of the Moneymaker Mystery Million, a thrilling new online poker event giving players of all levels the chance to pursue their own million-dollar moment. Inspired by Moneymaker’s iconic journey from a modest buy-in to a world championship title, the tournament features a $1 million guaranteed prize pool and bounties worth up to $100,000.
For just $109, players can compete on their own schedule, joining hundreds of Day 1 flights from Sunday, November 2nd through Monday, December 1st to build their stack and aim for the final table. Every knockout triggers an instant surprise bounty, adding an extra layer of excitement to the competition.
Day 2 of the tournament takes place on Monday, December 1st at 3:05pm ET, culminating in the final table on Tuesday, December 2nd at 4:05pm ET, where the ultimate Moneymaker Mystery Million champion will be crowned.
“There’s nothing better than seeing everyday players turn a modest buy-in into something incredible,” said Moneymaker. “The Moneymaker Mystery Million tourney is all about giving everyone that shot — big action, thrilling bounties, huge prizes, and the chance to create their own poker story. Grab a seat, play your way, and I hope to see you at the tables.”
Players can also earn a spot in the Moneymaker Mystery Million through $50K worth of freerolls, offering multiple chances to join the legendary event for less.
For players looking for even more action, ACR Poker also runs the weekly $109 buy-in Sunday Moneymaker, featuring a $300,000 guaranteed prize pool every Sunday, and a $400,000 prize pool on the final Sunday of each month.
Fans and poker players can follow the Moneymaker Mystery Million final table action live-streamed on ACR’s Twitch channel on Tuesday, December 2nd.
For more information on the Moneymaker Mystery Million, visit ACRPoker.eu.
The post ACR POKER AND CHRIS MONEYMAKER LAUNCH ‘MONEYMAKER MYSTERY MILLION’ WITH $1 MILLION GUARANTEED PRIZE POOL appeared first on European Gaming Industry News.
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Team Vitality, a leading global esports organization, is proud to announce its new official partnership with Skin.Land, a premier online marketplace for buying and selling Counter-Strike 2 skins.
This collaboration reflects the shared ambition of both brands to offer players and the esports community the safest, smoothest, and most modern CS2 skin trading experience possible.
An alliance between two leaders driven by innovation and community
Renowned for its reliability, speed, and user-friendly design, Skin.Land has established itself as a trusted platform for Counter-Strike 2 players and collectors. The marketplace stands out for its instant cashouts, market-leading prices with no hidden fees, top-tier transaction security, and 24/7 customer support, making it one of the most premium and efficient platforms in the industry.
These values perfectly align with Team Vitality’s DNA, defined by performance excellence, community engagement, and a constant pursuit of innovation. Together, Skin.Land and Team Vitality share the same ambition: to provide CS2 fans with a trusted and high-quality environment.
A partnership designed for Counter-Strike fans
As part of this collaboration, Skin.Land and Team Vitality will roll out a series of digital and in-person experiences to bring added value to the CS2 community.
A dedicated landing page for Team Vitality fans will soon go live, featuring exclusive offers such as bonuses, promo codes, and giveaways. This initiative supports Skin.Land’s strategy to strengthen its credibility and visibility within the Counter-Strike ecosystem, while fostering long-term partnerships with leading industry players like Team Vitality.
“We’re delighted to welcome Skin.Land to the Team Vitality family. Partnering with such a trusted and innovative brand within the Counter-Strike ecosystem is a strong signal of reliability for us. Their constant focus on delivering a safe, transparent, and high-quality experience for players perfectly aligns with our own values. This collaboration reflects our commitment to working with the best to continue growing our ecosystem,” said Nicolas Maurer, CEO of Team Vitality.
“We’re proud to partner with Team Vitality, a team that represents the very best of Counter-Strike – discipline, consistency, and an unstoppable drive to win. Their commitment to excellence reflects the same principles that drive us at Skin.Land. Together, we aim to elevate the experience for players and fans alike, combining the Team Vitality spirit with our dedication to building a trusted and innovative platform for the community” Skin.Land Team.
The post Team Vitality welcomes Skin.Land as Official Partner appeared first on European Gaming Industry News.
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Bazoom Becomes the Official Sponsor of Gamblers Connect’s SiGMA Central Europe Delegation
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Gamblers Connect, the award-winning iGaming affiliate and media platform, is excited to share that Bazoom will be the official sponsor of Gamblers Connect’s delegation at the upcoming SiGMA Central Europe Summit in Rome, Italy.
As one of Gamblers Connect’s long-standing partners and one of the most trusted link-building and content platforms in the iGaming industry, this collaboration is another great example of creating real impact through strong partnerships. Both companies share the same vision, building with quality, not noise, and this sponsorship perfectly reflects that shared belief.
Thanks to Bazoom’s support, the Gamblers Connect team will have a greater presence at one of Europe’s most important iGaming events, connecting directly with operators, affiliates, and industry leaders from all over the world.
Gjorgje Ristikj, Founder & CEO at Gamblers Connect: “Thanks to Bazoom Group’ support as our sponsor, Gamblers Connect will be present at SiGMA Rome. Partnering with companies that believe in our mission and invest in our growth is exactly what allows us to show up, connect and deliver even more value.”
Bazoom’s innovative platform has become an essential ally for companies looking to strengthen their digital footprint. With access to nearly 100,000 verified media outlets worldwide, the platform makes it easier than ever to acquire quality backlinks and tailored content that drives real growth, all through a transparent, pay-per-link model.
Kristoffer Krog, Head of Global Partnerships at Bazoom: “At Bazoom we always strive to stay ahead of our competition and maintain our position as industry leader within link building. The partnership with Gamblers Connect for SiGMA Rome reflects exactly that, as we share the same ambitions, know-how and expert knowledge within the industry.”
The post Bazoom Becomes the Official Sponsor of Gamblers Connect’s SiGMA Central Europe Delegation appeared first on European Gaming Industry News.
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