Irish gaming technology company Gan has announced a new long-term deal with fantasy sports concern FanDuel Group, which is under the PaddyPower Betfair umbrella.
As part of the deal, Gan will give FanDuel access to its platform for the introduction of an internet casino and account services related to internet sports betting in the states of Pennsylvania and West Virginia. This development will be in addition to the support that Gan already provides to FanDuel in the state of New Jersey – one of the first states to introduce regulated sports betting. FanDuel has also agreed to license Gan’s patent in the US.
The technology produced by Gan makes it possible for land-based casino customers who have joined on-property loyalty schemes to link their casino loyalty cards with internet gambling accounts and to benefit from additional loyalty points earned through online gambling.
According to a statement from Gan, the contract represents a significant increase in the partnership’s value, across a number of areas including revenue share and patent licensing fees, and shows that the company is in a good position in the rapidly growing US sports betting market:
“Gan is therefore very well placed to capitalise on the growth in US online gambling markets in terms of new operator clients, new States and underlying growth momentum.”
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