GAN Ltd. (NASDAQ:GAN) announced today it’s acquiring online cassino spirited developer Silverback Gaming — a business deal that adds to the buyer’s roster of cyberspace gambling 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 future Silverback online games, which the Company expects testament include 50 unique new one-armed bandit games inwards the next deuce-ace years,” said the purchaser in a statement.

Silverback will be added to GAN’s SuperRGS offering, which debuted inwards the US lowest month. The former’s existing portfolio of online slot games will launch on SuperRGS inward the world-class half of 2022.

Silverback online expansion slot games include Aztec Luck and Mystery Stack, and the company’s offerings are usable inwards regulated European markets. More than 100 business-to-consumer (B2C) iGaming operators extend Silverback games.

iGaming Deal-Making Still Hot

In the fast-growing internet casino space, mental object and engineering are prized, explaining wherefore the gait of consolidation inward the industry remains brisk.

That’s fifty-fifty more true at a clip when practically of the consolidation inwards the online gaming manufacture is revolving around buyers getting their hands on engineering to fortify their in-house tech stacks. That’s exactly what Aristocrat is doing inward acquiring Playtech.

Thirteen months ago, GAN acquired Vincent Group Plc, also known as Coolbet, for $175 billion inward cash and equity. Coolbet offers unrecorded money sports wagering and net cassino services. That business deal fortified GAN’s European footprint, patch helping the company get under one's skin into Canada and Latin America.

“The Silverback acquisition is component of GAN’s cognitive content acquisition strategy to increment the Company’s overall ‘take rate’ on existing B2B Gross Operator Revenue derived from iGaming, as wellspring as growing GAN’s deal of iGaming revenues from B2C operators inward the U.S. who are non already political platform clients of GAN,” said the company.

GAN Staying Active

GAN is a gaming software-as-a-service (SaaS) provider focusing on the tangible money cyberspace gaming, online sports betting, and simulated gaming segments.

With some analysts saying the US cyberspace casino/sports betting opportunity could contact $30 billion at maturity, back-end technology is essential. On that note, it’s non surprising GAN is active when it comes to bolt-on acquisitions and other deals.

In October, GAN said it inked an accordance with the cassino operator “to establish and deploy the base for Station’s ‘STN Sports’ online sports platform, nomadic applications, and retail Over-the-Counter and Kiosk-based sports betting throughout Nevada.”

The fellowship didn’t say if the Silverback acquisition will live accretive to earnings.

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