GAN Ltd. (NASDAQ:GAN) announced today it’s acquiring online casino spunky developer Silverback Gaming — a deal that adds to the buyer’s roster of cyberspace casino games.
Financial terms of the dealing weren’t disclosed. Privately held Silverback has offices in Republic of Bulgaria and the UK.
The acquisition provides GAN with the scoop rights globally to all electric current and time to come Silverback online games, which the Company expects testament include 50 unique young expansion slot games in the next triad years,” said the purchaser in a statement.
Silverback testament be added to GAN’s SuperRGS offering, which debuted in the US last month. The former’s existing portfolio of online one-armed bandit games will launch on SuperRGS inwards the world-class half of 2022.
Silverback online one-armed bandit games include Aztec Luck and Mystery Stack, and the company’s offerings are available in regulated European markets. Thomas More than 100 business-to-consumer (B2C) iGaming operators proffer Silverback games.
iGaming Deal-Making Still Hot
In the fast-growing cyberspace casino space, mental object and technology are prized, explaining wherefore the rate of consolidation inwards the manufacture remains brisk.
That’s fifty-fifty to a greater extent true at a clip when much of the consolidation inwards the online gaming industry is revolving around buyers getting their hands on technology to fort their in-house tech stacks. That’s exactly what Aristocrat is doing inward getting Playtech.
Thirteen months ago, GAN acquired Vincent Group Plc, also known as Coolbet, for $175 billion inward hard cash and equity. Coolbet offers live money sports wagering and cyberspace casino services. That trade fortified GAN’s European footprint, while serving the fellowship get into Canada and Latin America.
“The Silverback acquisition is piece of GAN’s cognitive content acquisition strategy to increment the Company’s boilers suit ‘take rate’ on existing B2B Gross Operator Revenue derived from iGaming, as swell as growing GAN’s part of iGaming revenues from B2C operators in the U.S. who are non already political program clients of GAN,” said the company.
GAN Staying Active
GAN is a gaming software-as-a-service (SaaS) provider focusing on the real money cyberspace gaming, online sports betting, and simulated gaming segments.
With some analysts saying the US internet casino/sports betting opportunity could progress to $30 billion at maturity, back-end engineering is essential. On that note, it’s non surprising GAN is alive(p) when it comes to bolt-on acquisitions and other deals.
In October, GAN said it inked an allot with the gambling casino operator “to establish and deploy the infrastructure for Station’s ‘STN Sports’ online sports platform, nomadic applications, and retail Over-the-Counter and Kiosk-based sports betting end-to-end Nevada.”
The companion didn’t say if the Silverback acquisition will live accretive to earnings.