GAN is continuing to expand its presence across the US and has secured entry into the Washington market with its latest deal.
GAN, a developer and supplier of B2B internet gambling services, software and games in the US has struck a partnership with the Snoqualmie Indian Tribe in Washington state.
The deal will see GAN supply its Simulated Gaming software to the Snoqualmie Indian Tribe. The Tribe owns and operates the Snoqualmie Casino located in Snoqualmie, Washington.
What’s covered in the deal?
Under the deal, GAN will provide the Tribe with its Simulated Gaming software which is expected to launch in the first half of 2020.
The deal will also provide GAN with the opportunity to supply sports wagering to the Tribe in the event that legislation is approved, and the Tribe receives regulatory approval to offer sports wagering to its customers.
Jeff Berman, Chief Commercial Officer of GAN said: “We are pleased to partner with the Snoqualmie Indian Tribe in bringing Seattle’s Closest Casino online with our Simulated Gaming solution. The Washington gaming industry is a nearly $2 billion market with the majority of casinos concentrated in the Seattle-Tacoma region. We look forward to supporting the Snoqualmie Tribe in engaging and growing their audience as we work to solidify GAN’s market position as the leading B2B enterprise software solution provider to US land-based casinos.”
Stanford Le, Interim CEO and President at Snoqualmie Casino said: “We were particularly interested in this partnership with GAN because of their professionalism and product quality. The Simulated Gaming model integrates well with our on-property rewards program and will serve as a valuable vehicle to provide our patrons with another entertainment outlet.”
Sports betting efforts in Washington state
Legislation to approve sports betting in the state of Washington was introduced in 2019 but ultimately failed to progress in the legislature. However, last month, lawmakers introduced two bills that would legalise sports betting titled SB 6277 and HB 2478.
SB 6277, which is named the Sports Wagering Act, would allow sports betting to be offered at authorized tribal casinos, racetracks, card rooms and online. The bill sets a tax rate of 10% on sports betting revenue and revenue generated from bets placed on tribal land will be allocated to the tribe that operates in that specific area.
According to the bill, card rooms and racetracks will be required to pay an initial $500,000 licensing fee, but renewal fees have yet to be determined. The bill did not outline any other licensing costs but did state that sports betting licenses will last for five years and must be renewed.
Tribal casinos and sports betting licenses would only be permitted to operate one branded sports betting website, which can be accompanied by a mobile app of the same name.
The other sports betting bill, HB 2478, sets out the same proposals as the Senate bill and is supported by the Republican representative, Brandon Vick.