GAN Purchases Silverback Gaming, Adds iGaming Content material, Technology

Posted on: December 9, 2021, 10:55h. 

Previous up to date on: December 9, 2021, 12:18h.

GAN Ltd. (NASDAQ:GAN) introduced nowadays it’s acquiring on line on line casino recreation developer Silverback Gaming — a offer that adds to the buyer’s roster of world-wide-web casino video games.

GAN Silverback
GAN inventory highlighted at the Nasdaq current market web page. The company is acquiring Silverback Gaming to add to its iGaming roster. (Image: Nasdaq)

Money conditions of the transaction weren’t disclosed. Privately held Silverback has offices in Bulgaria and the British isles.

The acquisition delivers GAN with the exclusive rights globally to all present and upcoming Silverback on the net online games, which the Enterprise expects will include things like 50 distinctive new slot video games in the subsequent three several years,” reported the customer in a statement.

Silverback will be extra to GAN’s SuperRGS giving, which debuted in the US very last thirty day period. The former’s current portfolio of on line slot online games will start on SuperRGS in the first 50 percent of 2022.

Silverback on-line slot games incorporate Aztec Luck and Thriller Stack, and the company’s choices are accessible in controlled European markets. Extra than 100 business enterprise-to-consumer (B2C) iGaming operators supply Silverback online games.

iGaming Deal-Producing Continue to Scorching

In the rapid-developing world wide web on line casino space, written content and technological innovation are prized, detailing why the pace of consolidation in the marketplace stays brisk.

That’s even far more legitimate at a time when substantially of the consolidation in the on line gaming industry is revolving all around prospective buyers finding their arms on engineering to fortify their in-home tech stacks. Which is precisely what Aristocrat is carrying out in acquiring Playtech.

Thirteen months ago, GAN obtained Vincent Team Plc, also recognised as Coolbet, for $175 million in money and fairness. Coolbet features live income athletics wagering and internet on line casino products and services. That offer fortified GAN’s European footprint, when supporting the organization get into Canada and Latin The usa.

“The Silverback acquisition is component of GAN’s content material acquisition method to boost the Company’s overall ‘take rate’ on present B2B Gross Operator Income derived from iGaming, as effectively as rising GAN’s share of iGaming revenues from B2C operators in the U.S. who are not by now system clientele of GAN,” reported the business.

GAN Staying Energetic

GAN is a gaming software-as-a-service (SaaS) company focusing on the actual funds internet gaming, on-line athletics betting, and simulated gaming segments.

With some analysts declaring the US net on line casino/athletics betting opportunity could reach $30 billion at maturity, back again-finish engineering is crucial. On that note, it is not shocking GAN is lively when it arrives to bolt-on acquisitions and other specials.

In Oct, GAN explained it inked an accord with the casino operator “to build and deploy the infrastructure for Station’s ‘STN Sports’ on the net sporting activities system, cell applications, and retail About-the-Counter and Kiosk-based mostly sports betting through Nevada.”

The firm did not say if the Silverback acquisition will be accretive to earnings.