GAN Announces Multi-Year Agreement with Ainsworth Game Technology for Exclusive U.S. Online Rights to Leading Casino Portfolio

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 reached an agreement with Ainsworth Game Technology Limited (“Ainsworth”) (ASX: AGI) to obtain the exclusive online rights to all current and future Ainsworth online games, today comprising over seventy unique games, for an undisclosed amount.

We believe established and recognizable U.S. retail slot machines converted for online play will logically out-perform international online games also available in the United States, providing Business-to-Consumer ("B2C") Operators of iGaming with a competitive advantage in enhanced customer lifetime values, user acquisition and retention marketing.

For GAN, this deal delivers on the long-stated content acquisition strategy to increase the Company’s overall ‘take rate’ on B2B Gross Operator Revenue from iGaming as well as securing a fast-growing share of existing iGaming revenues from B2C Operators who are not already clients of GAN. GAN will begin deriving online content licensing fees from Ainsworth for their existing online operations in New Jersey, with immediately planned expansion to Michigan and Pennsylvania in 2021.

For Ainsworth, who possess an industry-leading library of land-based casino games present on retail casino gaming floors nationwide across the United States, this enables them to work with a single long-term online partner with an existing major distribution network in the United States while focusing resources to rapidly increase their online portfolio. As part of today’s announced deal, Ainsworth will grow their online library with an additional 110 games, providing GAN’s Platform and Super RGS clients’ with an exclusive and substantial portfolio of online casino gaming experiences today and over the coming years. Ainsworth will now distribute their entire online games library only through the GAN Platform or Super RGS in the United States.

Jeff Berman, Chief Commercial Officer of GAN,

“Today’s announcement recognizes the benefit of marrying our distribution to Ainsworth’s content and is an important step toward disrupting existing distribution channels in the U.S. online gaming space. This agreement ensures that GAN possesses differentiated and exclusive access to what we believe will be an ever-growing focus on recognized retail gaming content naturally sought-after by Americans engaged in playing online casino games. Our goal is to continue to build a leading portfolio of U.S. casino games to benefit our diverse clients and establish ourselves as exclusive providers of premier U.S. content. We are excited to extend our long-standing relationship with Ainsworth, as they have built a global reputation for developing award-winning games for both the online and land-based channels.”