Interactive
US – GAN confirms deal with Sault Tribe of Chippewa Indians in Michigan
By Phil - 29 March 2020
GAN has confirmed market access arrangements with the Sault Tribe of Chippewa Indians in the State of Michigan, following the December 2019, passage into Michigan law HB 4311, a bill that includes provisions for the legalisation of full real money Internet casino gaming in the State of Michigan as well as Internet sports betting.
In Michigan, GAN will be providing its technology platform together with certain operational services to both the Tribe’s five land-based Kewadin casino properties and an existing major US casino operator client of GAN that has requested anonymity pending certain regulatory approvals.
With a population of 10m (3.1 per cent of the Uspopulation), the Michigan Internet gambling market is forecast to generate $377m in Gross Operator Revenue in the first 12 months of operations, increasing to $836m in the fourth operating year (source: Regulus Partners, an International gambling consultancy).
Due to the extent of the Client’s substantial assets, this Client’s Internet gambling business is currently anticipated to be a significant contributor to GAN’s full year revenues in 2021.
Jeff Berman, Chief Commercial Officer of GAN, commented: “Michigan has long represented an attractive market with both Internet sports and Internet casino gaming now regulated. Our technical expertise and ‘day one’ experience in multiple US Internet gambling markets will enable the Sault Tribe to capture their share of the online opportunity and we thank them for their trust in forming this relationship with GAN and our major U.S. casino operator client whose identity will be confirmed in due course. We are incredibly excited to bring real money Internet gambling to Michigan, which remains at the core of our mission, strategy and purpose in the United States.”
