LONDON & DUBLIN–(BUSINESS WIRE)–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.
- GAN’s US Patent was awarded in September 2014 and this US-patented
technology has been licensed by GAN to many of the largest US casino
operators including Station Casinos, Chickasaw Nation, MGM Resorts,
Ocean Resort Casino and Parx Casino for both Simulated Gaming (social
casino gaming) and regulated real money Internet gambling in both New
Jersey and Pennsylvania
- Irwin IP is an experienced intellectual property litigation firm in
Chicago, Illinois with a substantial track record in the US casino
gaming Industry securing injunctions and/or commercial licensing
agreements with major US casino equipment manufacturers and/or US
- Irwin IP’s accomplishments include representing a mid-sized software
company in a three-week jury trial culminating in a $16 million jury
verdict; helping a small, disruptive start-up defeat patent
infringement and false advertising claims asserted by a large,
multi-national company; and securing a permanent injunction and $7.3
million jury award in an offensive gaming patent infringement matter
protecting a $100-million-dollar-a-year product line
Patent licensing and/or settlement awards represent a potentially
high-margin incremental income stream for GAN.
FAQ’s about Internet Gambling ‘Platform’ & US Patent
- For investors and Industry analysts: The core of a “Platform” from
both a technical and regulatory standpoint is the Player Account
Management System i.e. where highly sensitive customer and player
activity data is stored and processed. Other elements of Platform can
include a sportsbook transaction engine, gaming content integrations,
payment services, marketing services, trading services and other
ancillary activities. However, the core functionality to describe B2B
systems and services as a ‘Platform’ is the Player Account Management
System. This is also the layer of B2B activity which tends to require
regulatory approval as a ‘Platform’ since it is the focal point of
data and player security. Therefore, without the Player Account
Management System, a service provider might be offering very valuable
B2B functionality but not in the strictest sense a ‘Platform’ (source:
Regulus Partners, an international gambling advisory group).
- All US casinos operate an on-property rewards program (also called
‘loyalty programs’) where visitors to the land-based casino can enrol
in a loyalty program, collect a rewards card and accumulate reward
points from real money gambling on-property. Typically, US casinos
have more than half of their active on-property patrons enrolled in
these reward programs.
- GAN’s US-patented technology principally permits US casino operators’
carded patrons to link their reward card to their online gambling
account in order to identify themselves as a patron of the land-based
casino and a member of their retail rewards program.
- The Patent was awarded to GAN plc in September 2014 by the US Patent &
Trademark Office (“USPTO”) with the Patent reissued under the same
Patent number by the USPTO on March 17, 2017 following an unsuccessful
ex parte challenge brought by an anonymous US Industry actor.
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
Dermot Smurfit, +44 (0) 20 7292 6262
The Equity Group
Adam Prior, 212-371-8660
& Ireland Investors:
Cornelius, +44 20 7933 8780
(Nominated Adviser, ESM Adviser and Joint Broker)
John Frain /
Barry Murphy, +353 1 679 6363
Liberum (Joint Broker)
Patel / Cameron Duncan, +44 (0) 20 3100 2000