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GAN Launches Ocean Online Casino in New Jersey

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GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, announces the Company has simultaneously launched both real money Online Gaming and Simulated Gaming for Ocean Resort Casino in New Jersey supported by GAN’s Turnkey Managed Services comprising technical operations management, software development, customer services & payments management together with associated regulatory consultancy.

GAN’s Patent, now licensed to Ocean Resort Casino, will enable the client’s guests enrolled in Ocean Premier, Ocean Resort Casino’s loyalty program, to sign up online and instantly link their rewards card 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, to be subsequently redeemed on-property.

The Internet casino is now available on www.OceanOnlineCasino.com offering residents of, and visitors to, New Jersey a market-leading mobile-first Internet casino website/app design with Internet sports betting expected to be launched as an integrated extension in Fall of 2018 subject to customary commercial and regulatory approvals.

Highlights

  • GAN’s second client in New Jersey for real money Online Gaming and GAN’s first ‘bricks & mortar’ casino operating real money Internet gaming on GAN’s platform in New Jersey (existing GAN client PaddyPower Betfair plc does not own/operate a casino in New Jersey)
  • First client to adopt Turnkey Managed Services provided by GAN from an experienced team in New Jersey including technical operations management, customer services, payments management and associated regulatory consultancy
  • Second New Jersey casino operator to license GAN’s US Patent for delivering converged online-to-retail real money Internet gaming.
  • First US client to launch ‘dual-mode’ real money Online Gaming for New Jersey resident patrons alongside ‘freemium’ Simulated Gaming for patrons’ residents both inside and outside of New Jersey (~50% of Atlantic City casinos’ patrons live outside the borders of New Jersey)
  • Launch of ‘Ocean Resort Casino’ branded Internet sports betting expected in Q4 2018 following the repeal of PASPA on May 14, 2018

This is the fourteenth time GAN has licensed its US Patent to a major US casino and the second New Jersey land-based casino operator to license the Patent for both real money Online Gaming and virtual Simulated Gaming following the licensing & services agreement between GAN and MDDC (The Borgata) announced December 2016.

Company’s second client of real money Internet gaming in New Jersey following PaddyPower Betfair plc launch in November 2013 also reliant on GAN’s enterprise software platform and supporting services.

Management Commentary

Dermot Smurfit, CEO of GAN commented:

“Ocean Resort Casino is a fabulous casino property, unarguably offering the best quality gaming & hotel in Atlantic City, which has now been optimized for success by the new ownership and leadership. We’re privileged to bring this immense property to life online, just as it relaunches in the traditional retail casino market. We’re excited to deliver not just another ‘me too’ Internet casino, but to also bring online for the first time the capabilities unlocked only by GAN’s convergence Patent which may give casino patrons in New Jersey a compelling economic rationale to play online with Ocean Resort Casino rather than established incumbent casino operators already online in this fast-growing market. Ocean Resort Casino is anticipated to be material to GAN’s revenue and earnings in H2 2018.”

Frank Leone, CEO of Ocean Resort Casino commented:

“GAN delivered efficiently and cost-effectively for Ocean Resort Casino and possesses a strategic patent which will give Ocean Resort Casino a competitive advantage with casino guests in Atlantic City who also choose to gamble online. Furthermore, GAN’s proven platform, ‘dual-mode’ Simulated Gaming as well as real money Internet gaming and track record of client success in the New Jersey market are among the many reasons we chose GAN to bring Ocean Resort Casino online in 2018.”

 

About GAN:

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 ESM Market of the Irish Stock Exchange and 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: Press Releases Published on European Gaming Media Network

Press Releases

Central European panel discussion at CEEGC2018 Budapest to be moderated by Dr. Robert Skalina (Senior Advisor at WH Partners)

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Budapest – 23 July 2018 – With just 64 days left until the third edition of the Central and Eastern Europen Gaming Conference and Awards will kick off, we are anticipating the 3rd sold out event in our portfolio this year. With over 60% of the tickets already the sold, the most prestigious boutique-style gaming seminar is very much awaited by the industry.

The third edition of CEEGC will be held at the Ritz-Carlton in Budapest on the 25th of September and promises to once again bring quality networking and learning opportunities for industry shareholders from all around the world.

We are also honored to announce that the “Focus on Central Europe – Slovakia, Czech Republic, Hungary, Poland” panel discussion will be moderated by Dr. Robert Skalina (Senior Advisor at WH Partners).

The panel discussion will feature experts of the industry such as Bartosz Andruszaniec (RM Legal Kancelaria Radców Prawnych), Gabor Helembai (Bird&Bird), Štefan Švec (Playtech) and Jan Rehola (PS Legal).

You can browse the full agenda and already confirmed speaker list on the following link.

Make sure you grab your seat in time and attend the most prestigious boutique style gaming event which gather C-level executives yearly in one of Europe’s most visited city. Register here!

About Robert

Dr. Robert Skalina is a Czech Advocate as well as a Registered European Lawyer in Malta. He is based in Prague and works in Malta regularly.

He is a financial services and corporate lawyer and provides advice to wide range of investment managers, advisors and funds, including private equity and hedge funds. Robert also regularly advises clients in the gaming/gambling industries and has vast experience in the area of mergers and acquisitions and complex cross border transactions.

Robert has previously held the position of head of legal of a London based investment advisor active throughout EMEA region. Prior to that, he served as legal counsel for the largest retail bank in the Czech Republic.

Robert graduated with an LLM cum laude from the London School of Economics. He holds a Master of Laws degree from the Charles University in Prague. He provides advice in English, Czech and Slovak.

To catch this unique opportunity to learn about how to invest or leverage from the Central European gambling industry, be among the delegates in 2018. Register here!

Quotes about CEEGC Budapest from attending delegates

Rafal Nowak – iGaming Sales Director at Mobiyo

“A week after the Budapest Gaming CEE conferences, I’m still discussing the topics brought up there with fellow delegates. Thank you Zoltan Tundik for organizing an informative an well shaped event on this, often underestimated iGaming territory and good luck with the next one!”

Roy Pedersen – CEO & Chief Editor at All In Translations

“For All-in Translations’ 10 Year Anniversary Tour we decided to attend more smaller conferences. Zoltan and Betty are much of the reason for this. They have a unique way of giving a personal touch to the events they organise while at the same time keeping them highly relevant. CEEGC Budapest was another great example where we felt truly welcome, and at the same time it was great for business.”


Source: Press Releases Published on European Gaming Media Network

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MGM Resorts International Honored With National Council On Problem Gambling’s Corporate Social Responsibility Award

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MGM Resorts International Honored With National Council On Problem Gambling's Corporate Social Responsibility AwardReading Time: 3 minutes

Company’s GameSense program is already transforming how the industry promotes responsible gambling

 

CLEVELAND, July, 2018  — MGM Resorts International was honored with the National Council on Problem Gambling’s (NCPG) Corporate Social Responsibility Award Friday at the organization’s 32nd National Conference on problem gambling in Cleveland.

The award – which recognizes an organization that demonstrates an outstanding commitment to social responsibility related to problem gambling – was presented in recognition of the company’s ground-breaking responsible gambling program: GameSense. Launched nationwide at MGM Resorts’ properties late last year, GameSense integrates responsible gambling education and support into the company’s industry-leading guest service culture. It’s all designed to help guests make informed decisions and keep gambling fun.

“We are thrilled to receive this honor from the National Council on Problem Gambling and can’t thank them enough for the incredible work they do in raising awareness in the problem gambling community,” said MGM Resorts Chairman & CEO Jim Murren. “GameSense has been a tremendous success and is already transforming the way the industry approaches responsible gambling. MGM Resorts is at the forefront of driving the conversation and culture around this important issue, and GameSense ensures responsible gambling education is at the heart of our guest service model at every one of our casinos – worldwide.”

NCPG Executive Director Keith Whyte added that his organization is pleased to recognize MGM Resort’s innovation and leadership with GameSense with its Corporate Social Responsibility Award.

“We’re so proud to congratulate MGM Resorts on this achievement,” Whyte said. “Their steadfast support, innovation and leadership in taking GameSense companywide has set the standard in the casino industry. They have raised the bar considerably and – most importantly – greatly benefited their employees and customers.”

GameSense comes alive through personal interactions between guests and trained staff based at each property’s M life Rewards desk. In addition to speaking to trained employees, guests are also utilizing interactive GameSense touchscreens and picking up educational materials and other resources. This unprecedented commitment to integrating responsible gambling education into the company’s entire guest service model is unlike anything the industry has seen before.

Alan Feldman, Executive Vice President of Global Industry Affairs, said the response to the company’s responsible gambling efforts has been outstanding, adding that guests and employees alike have enjoyed and benefited from having positive, open and proactive conversations about how to gamble responsibly.

“In less than a year, GameSense has sparked more than 350,000 positive conversations and interactions with guests, and the numbers continue to grow at an unprecedented rate. With GameSense, MGM Resorts has expanded and enhanced the scope of responsible gambling culture beyond anything the industry has ever seen,” Feldman said. “The program’s goal of building stronger and more sustainable guest relationships has been incredibly successful, and we look forward to driving the conversation and integrating this program wherever our company operates.”

ABOUT GAMESENSE
Integrated nationwide by MGM Resorts in late 2017, GameSense enhances awareness and education about responsible gambling for players and guests and, in doing so, raising the standards within the industry. The program was developed by the BCLC, British Columbia’s provincial gambling corporation and encourages players to adopt behaviors and attitudes that reduce the risk of developing gambling disorders. This includes setting and sticking to personally allocated time and monetary limits for gambling, as well as being open and honest with family, friends and oneself when it comes to personal gambling habits.

GameSense has earned international recognition such as the World Lottery Association’s Best Overall Responsible Gambling Program (2010), and the U.S.- based National Council on Problem Gambling’s Social Responsibility Award (2015). In addition to being licensed at MGM Resorts casino properties, the program has been implemented by Connecticut Lottery, the Massachusetts Gaming Commission and Canadian provinces Alberta, Saskatchewan and Manitoba.

ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 28 unique hotel offerings including some of the most recognizable resort brands in the industry. Expanding throughout the U.S. and around the world, the company in 2018 opened MGM COTAI in Macau and the first Bellagio-branded hotel in Shanghai. It also is developing MGM Springfield in Massachusetts. The 78,000 global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine’s World’s Most Admired Companies®. For more information visit us at www.mgmresorts.com.

 

Source: MGM Resorts International


Source: Press Releases Published on European Gaming Media Network

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GGRocket Launches World’s First Blockchain and AI Solution for the $50B Virtual Gaming Economy

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GGRocket Launches World's First Blockchain and AI Solution for the $50B Virtual Gaming EconomyReading Time: 2 minutes

SINGAPORE, July, 2018 — GGRocket, an international venture-funded big data analytics and in-game trading company, is launching a high-tech AI solution on the blockchain for the gaming economy via an Initial Token Sale on 01 September 2018.

GGRocket is supported by a development grant from Microsoft as well as several Venture Capitalists, having undergone the prestigious IIDF – Europe’s Biggest Accelerator and VC. The company has a development and business team of more than 30 active personnel.

At the heart of GGRocket lie the principles of a decentralised network of clients and pro-gamers that can securely and trustlessly exchange in-game goods and services for real world assets. The entire virtual ecosystem will be built on top of the proprietary GG Chain, which in turn connects participants to smart contracts and decentralised applications. GGRocket Tokens (GGR) will be used as utility and fuel for the ecosystem, allowing buyers, sellers and participants to interact in a trustless environment.

GGRocket already services a sizeable customer base by partnering with LegionFarm.com, a multi-million dollar marketplace for in-game goods and services. The partnership has actively proven the concept in GGRocket’s solutions to more than hundred thousand buyers and sellers.

“With GGRocket, the virtual gaming economy is about to be positively disrupted with AI, eradicating in-game fraud and boosting revenues of businesses,” says Alexey Belyankin, CEO of GGRocket and LegionFarm.com. “Our blockchain technology will amplify the impact of the solution, allowing anyone, be it a business or a customer to be a participant in an active ecosystem.”

 

About GGRocket:

GGRocket is a blockchain-powered trustless virtual economy and AI driven big data analytics for the gaming industry. GGRocket provides for an escrow service for in-game trading and an analytical tool for platforms to increase their revenue using big data harvested from the ecosystem activity.

GGRocket application functionality is based on 2 main instruments: GG Guard – a video recognition escrow system that decides if the deal has been fulfilled in game. GG Robot – a mechanism that utilises big data and machine learning technology in order to create specified and personalised offers for each customer based on their preferences.

More information on the Initial Token Sale can be found at https://ggrocket.io/

 

Source: GGRocket


Source: Press Releases Published on European Gaming Media Network

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