GAN expands presence in Italy with Goldbet launch

26th Nov 2018 14:43

(Sharecast News) - Internet gambling software provider GAN announced the launch of internet gaming content for Italian sports betting and casino gaming operator Goldbet on Monday.The AIM-traded firm said that, further to its announcement on 17 April announcing Goldbet as its ninth client in Italy, It had now integrated its platform in Italy and launched internet gaming content for Goldbet.Goldbet operates a "substantial network" of more than 900 retail gambling shops, GAN explained, accounting for about a 3% market share of internet casino gaming in Italy.GAN said ti delivered more than 500 casino slots, table games and non-traditional games in Italy to nine Italian operators now, who together represented more than 45% of Italy's total internet casino gaming market by gross gaming revenue.Strong growth in the region resulted in revenues from Italy growing to £1.7m during the first half of 2018, up from £1.2m year-on-year, accounting for just under 40% of GAN's net revenues.It said the latest launch further strengthened its position as the country's leading independent internet gambling software and services provider."GAN continues to win major clients in Italy by delivering an increasing number of high quality internet casino games to our Italian clients, carefully procured from independent casino game design studios worldwide as well as major land-based casino equipment manufacturers," said GAN chief executive officer Dermot Smurfit."GAN's distribution reach now extends to nearly half of the regulated Italian internet casino gaming market."We very much welcome the launch of Goldbet as our ninth operator client in Italy."