GAN Announces Acquisition of Silverback Gaming and Exclusive Rights to Distribute Silverback’s Portfolio of Casino Games

GAN Limited, a leading full-service internet gaming software-as-a-service provider to the real money internet gaming, online sports betting, and simulated gaming industries, today announced it has completed the acquisition of the Bulgaria and U.K. based online casino game developer Silverback Gaming (“Silverback”) on undisclosed terms.

The acquisition provides GAN with the exclusive rights globally to all current and future Silverback online games, which the Company expects will include 50 unique new slot games in the next three years. The acquisition will bolster GAN’s SuperRGS offering launched last month in the U.S. with an exclusive portfolio of online casino slot gaming experiences today and over the coming years. Silverback’s existing portfolio of online slot games will launch within GAN’s SuperRGS content suite commencing in 1H 2022. The Silverback acquisition is part of GAN’s content acquisition strategy to increase the Company’s overall ‘take rate’ on existing B2B Gross Operator Revenue derived from iGaming, as well as growing GAN’s share of iGaming revenues from B2C operators in the U.S. who are not already platform clients of GAN.

Silverback possesses proven online slot games such as Aztec Luck, currently distributed across European regulated markets to more than 100 B2C operators of iGaming. Silverback’s mission has been delivering innovative, immersive mobile-first online casino games with differentiated design features, delivering innovative iGaming experiences. Silverback has been recognized globally with award nominations such as the 2021 CasinoBeats Awards in the Studio Slot Debut category as well as earning its place in the 2021 Gaming Intelligence Hot 50. Silverback’s existing portfolio of games are currently playable at www.SilverbackGaming.com.

Dermot Smurfit, President & CEO of GAN, commented:
“We are delighted to bring Silverback’s innovative slot content into GAN’s fast-growing portfolio of online slot games. Silverback has built its reputation in this industry as a leading slot design innovator and we welcome the team’s talent, including slot mathematicians and software engineers, which will be an invaluable long-term asset as we build upon our strategy of expanding our exclusive online slot games for distribution in the U.S. We are very pleased with the progress surrounding our SuperRGS strategy and today’s announcement is the next exciting step in that strategic initiative.”