GAN - Launches online casino for Ocean Resort Casino in New Jersey; second licensee in the state

Davy Research
/Read Important Disclosures

GAN has announced the launch of an online casino for Ocean Resort Casino in New Jersey. It is the group’s second B2B win in the state (it already provides services to Paddy Power Betfair’s online casino in New Jersey). It is the first time, however, that a licensee has launched real-money and simulated gaming in tandem. We believe this reflects the fact that, according to GAN, approximately 50% of casino customers in New Jersey are resident outside the state and Ocean is keen to offer an online product to all of its customers, not just those resident in the state. Ocean’s online offering will be further expanded in Q4 when it launches its sportsbook via its announced deal with William Hill.