World News: 15:00 GMT Friday 14th September 2018. [GAN plc via Businesswire via SPi World News]
GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gambling software and services in the United States, today announces the Company has awarded a mandate to specialist intellectual property litigation firm Irwin IP LLP (“Irwin IP”) in Chicago, IL to implement a US patent licensing and enforcement program principally targeting operators in the regulated intra-State Internet gambling markets of New Jersey, Nevada, Delaware and Pennsylvania which are currently infringing upon the Company’s US-patented intellectual property rights.
The commencement of GAN’s Patent licensing program was announced on May 30, 2017 following an unsuccessful ‘ex parte’ (anonymous) legal challenge to GAN’s US patent number 8,821,296, reinforcing the value of GAN’s US-patented technology for linking land-based casino reward cards to online gambling accounts.
Following the completion of the £7.5M Equity Placing in June 2018 and the appointment of Irwin IP LLP, the Company will now proceed to assert its rights over US-patented intellectual property and seek commercial settlements for prior and continuing infringements by regulated Internet gambling operators and/or relevant technology vendors, who have been substantially and progressively placed on notice of the Company’s US intellectual property rights.
A further update will be provided at GAN’s H1 2018 interim results on September 28, 2018.
Patent licensing and/or settlement awards represent a potentially high-margin incremental income stream for GAN.
FAQ’s about Internet Gambling ‘Platform’ & US Patent
GAN | Overview
GAN is a leading B2B supplier of Internet gambling 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 gambling enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for regulated real-money Internet gambling encompassing Internet gaming & Internet sports betting 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 Gambling in New Jersey; one (1) client of real money Regulated Gambling in Pennsylvania and ten (10) clients of real money Regulated Gambling in Europe.
The Internet Gambling System, developed in London under a UK Gambling Commission license, is certified to the highest technical standards currently required by gambling regulators. 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. In September 2018 GAN launched Internet sports betting in New Jersey, available as an integrated option alongside Internet gaming.
For more information please visit www.GAN.com
About Irwin IP LLP
Irwin IP specializes in intellectual property and technology-related litigation. Irwin IP’s founder, Barry Irwin, has been recognized as a ‘Super Lawyer’ and ‘Leading Lawyer’ each year for nearly two decades, and was recently named one of the Top 100 lawyers in Illinois, one of only eight intellectual property attorneys.
Barry and several of the other senior Irwin IP attorneys spent decades working at one of the most prestigious law firms in the country where they had a long history of achieving successful results in the gaming industry for companies like IGT, Action Gaming and Shuffle Master.
For more information please visit www.IrwinIP.com
Business Wire: 15:00 GMT Friday 14th September 2018
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