GAN Limited is pertaining to Nevada.

The B2B technology service provider and services business got regulative approval last week from the Nevada Gaming Commission to introduce its legal sports betting platform to Silver State consumers.

"We are really happy and humbled to have received regulatory approval from the State of Nevada to hold a gaming license," stated GAN Interim CEO Seamaus McGill. "We are excited that we will be launching our leading-edge GAN Sports item in Nevada in the next few months."

GAN Sports can begin trial operations of its sports wagering platform following next month's state certification and approval. GAN currently has the infrastructure for online betting sites and retail wagering constructed.

"The Las Vegas Locals market is among the largest and most identifiable gaming markets on the planet, and we are incredibly thrilled to be entering it," McGill stated. "This is the third state where our B2B sports wagering technology and trading option, GAN Sports, will be functional, and we eagerly anticipate bringing a special and enjoyable wagering experience to a big and growing market."

Contributing to portfolio

GAN is widely understood in North America as an online and land-based gambling establishment innovation software application company. The company is currently supplying sports betting technology to Wynn's Encore Boston Harbor and Island Gulf Casino in Gulfport, Mississippi.

GAN, headquartered in Irvine, California, has 25 operating licenses internationally and offers B2C propriety sports wagering in select European and Latin American markets also.

Trying year for GAN

GAN revealed second-quarter earnings of $33.8 million, down $1.2 million from the previous year, with $9.9 million from the B2B segment and $23.9 from B2C.

Entering a Nevada sports betting market that produced an August handle of $431 million comes at a critical time for GAN, which is restructuring as a business following the departure of former CEO Dermot Smurfit.

GAN's partner, WynnBet, closed down operations in 6 states earlier this year too.