When we launch GAN Sports, rebranded from CoolBet, we’ll lift the bar that much higher and the industry will see how we can give our clients the competitive advantage to let them succeed in the marketplace. It is creating enormous player retention with the social engagement features that I haven’t seen in any other app. It’s being deployed and is getting results right now. The more we learned about CoolBet and got to know the team, the more we liked them.ĬoolBet is a highly social engaging offering with some highly developed end-user features that has Jason Robbins, the CEO of DraftKings, talking about maybe developing something like that in the future. We evaluated 16 different candidates-some startups, some very large. We were asked by our clients to find something better, so we looked to the far side of the planet in a place called Europe where there were different and superior mobile sports betting experiences. They developed their platform knowing the weaknesses and problems with all the other sports betting applications and systems available to them. Last year we raised $167 million, not just for the IPO, but also to finance the acquisition of CoolBet, an international, very well respected B2C operator in the sports betting field with proprietary sports betting technology they built from scratch. It probably was the high water mark of corporate reorganization in the 20-odd year history of GAN. What does that mean for GAN?ĭermot Smurfit: We’re very happy with the transaction. GGB: You recently went public on the NASDAQ exchange. Smurfit talked to GGB Publisher Roger Gros from his offices in California in July. Casinos that have experience in the social casino sector have a leg up on their competitors, and GAN has been adding features and platforms over the last few years. And he’s been proven right as online sports betting and now iGaming are becoming the rule rather than the exception. CEO Dermot Smurfit was emphatic when insisting at that time every casino needed to have a social casino site. 10 years ago focusing on social casinos and systems. Game Account Network (now GAN) entered the U.S. Download file | Play in new window | Duration: 00:40:12
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