GAN Limited has entered into a 10-year agreement with Wynn Resorts to become a business supplier of internet gambling software-as-a-service solutions in the U.S’s land-based casino industry, according to BusinessWire. Subject to regulatory approvals, the company will launch Wynn online in Michigan in November, operating alongside other online gambling operators.
- Michigan launch between Gan and Wynn part of market access agreement of GAN and the Sault Site
- Wynn will be an early mover in Michigan after the commencement of online gaming by leveraging GAN’s optimized enterprise software, market capability, and on-property reward program integration capability.
- GAN to publish sports betting information from a third-party content provider augmented by Wynn’s strategic partner Betbull Limited
- As a major national casino, Wynn has a substantial database of patrons’ residence within the Michigan region to cross-market to internet gambling.
GAN stock is strongly gaining on news of the new agreement as Wynn loses. GAN: NASDAQ is up 18.83%, WYNN: NASDAQ is down 1.49%