GAN Acquires Silverback, Increasing Online Casino Games Portfolio

GAN Ltd. (NASDAQ:GAN) proclaimed today it’s acquiring online casino gamy developer Silverback Gaming — a business deal that adds to the buyer’s roster of cyberspace casino games.

Financial terms of the dealings weren’t disclosed. Privately held Silverback has offices inwards Republic of Bulgaria and the UK.

The acquisition provides GAN with the sole(a) rights globally to all current and hereafter Silverback online games, which the Company expects will include 50 unique new one-armed bandit games in the next triad years,” said the emptor inward a statement.

Silverback will be added to GAN’s SuperRGS offering, which debuted in the US shoemaker's last month. The former’s existing portfolio of online slot games will launch on SuperRGS inwards the first off half of 2022.

Silverback online expansion slot games include Aztec Luck and Mystery Stack, and the company’s offerings are available inwards regulated European markets. Sir Thomas More than 100 business-to-consumer (B2C) iGaming operators bid Silverback games.

iGaming Deal-Making Still Hot

In the fast-growing cyberspace casino space, content and engineering are prized, explaining wherefore the pace of integration in the manufacture remains brisk.

That’s regular to a greater extent admittedly at a clip when much of the integration in the online gaming industry 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 jillion in cash and equity. Coolbet offers live money sports wagering and net gambling casino services. That sell fortified GAN’s European footprint, piece portion the keep company get into Canada and Latin America.

“The Silverback acquisition is division of GAN’s mental object acquisition strategy to increment the Company’s boilers suit ‘take rate’ on existing B2B Gross Operator Revenue derived from iGaming, as advantageously as growing GAN’s portion of iGaming revenues from B2C operators inward the U.S. who are not already 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 locution the US cyberspace casino/sports betting opportunity could reach $30 billion at maturity, back-end engineering is essential. On that note, it’s not surprising GAN is alive(p) when it comes to bolt-on acquisitions and other deals.

In October, GAN said it inked an conformity with the cassino operator “to establish and deploy the infrastructure for Station’s ‘STN Sports’ online sports platform, nomadic applications, and retail Over-the-Counter and Kiosk-based sports betting throughout Nevada.”

The accompany didn’t say if the Silverback acquisition will be accretive to earnings.