GAN Acquires Silverback, Increasing Online Casino Games Portfolio
GAN Ltd. (NASDAQ:GAN) proclaimed today it’s getting online casino spirited developer Silverback Gaming — a sell that adds to the buyer’s roster of net cassino games.
Financial terms of the dealing weren’t disclosed. Privately held Silverback has offices inward Bulgaria and the UK.
The acquisition provides GAN with the exclusive rights globally to all electric current and futurity Silverback online games, which the Company expects will include 50 unique unexampled slot games inwards the next III years,” said the buyer inwards a statement.
Silverback will follow added to GAN’s SuperRGS offering, which debuted inward the US last-place month. The former’s existing portfolio of online slot games will launch on SuperRGS inward the firstly half of 2022.
Silverback online expansion slot games include Aztec Luck and Mystery Stack, and the company’s offerings are usable inwards regulated European markets. More than 100 business-to-consumer (B2C) iGaming operators offer up Silverback games.
iGaming Deal-Making Still Hot
In the fast-growing internet gambling casino space, cognitive content and engineering are prized, explaining wherefore the tread of integration in the industry remains brisk.
That’s even more dead on target at a time when much of the consolidation in the online gaming manufacture is revolving around buyers getting their hands on technology to fortify their in-house tech stacks. That’s exactly what Aristocrat is doing inwards acquiring Playtech.
Thirteen months ago, GAN acquired Vincent Group Plc, also known as Coolbet, for $175 1000000 in cash in and equity. Coolbet offers unrecorded money sports wagering and net gambling casino services. That sell fortified GAN’s European footprint, patch helping the troupe get into Canada and Latin America.
“The Silverback acquisition is division of GAN’s mental object acquisition strategy to step-up the Company’s boilers suit ‘take rate’ on existing B2B Gross Operator Revenue derived from iGaming, as intimately as growing GAN’s portion of iGaming revenues from B2C operators in the U.S. who are not already political program clients of GAN,” said the company.
GAN Staying Active
GAN is a gaming software-as-a-service (SaaS) provider focusing on the tangible money internet gaming, online sports betting, and simulated gaming segments.
With some analysts expression the US internet casino/sports betting chance could touch $30 billion at maturity, back-end engineering is essential. On that note, it’s non surprising GAN is combat-ready when it comes to bolt-on acquisitions and other deals.
In October, GAN said it inked an conformity with the casino manipulator “to establish and deploy the substructure for Station’s ‘STN Sports’ online sports platform, roving applications, and retail Over-the-Counter and Kiosk-based sports betting throughout Nevada.”
The society didn’t say if the Silverback acquisition will live accretive to earnings.
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