GAN Announces Acquisition of Silverback Gaming and Exclusive Rights to Distribute Silverback's Portfolio of Casino Games

Dec 09, 2021

GAN Limited (the "Company" or "GAN") (NASDAQ: GAN), a leading full-service internet gaming software-as-a-service provider to the real money internet gaming, online sports betting, and simulated gaming industries, today announced it has completed the acquisition of the Bulgaria and U.K. based online casino game developer Silverback Gaming (“Silverback”) on undisclosed terms. The acquisition provides GAN with the exclusive rights globally to all current and future Silverback online games, which the Company expects will include 50 unique new slot games in the next three years. The acquisition will bolster GAN's SuperRGS offering launched last month in the U.S. with an exclusive portfolio of online casino slot gaming experiences today and over the coming years. Silverback’s existing portfolio of online slot games will launch within GAN’s SuperRGS content suite commencing in 1H 2022. The Silverback acquisition is part of GAN’s content acquisition strategy to increase the Company's overall 'take rate' on existing B2B Gross Operator Revenue derived from iGaming, as well as growing GAN’s share of iGaming revenues from B2C operators in the U.S. who are not already platform clients of GAN.

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