Stories
Big sums of money are being thrown around in the nascent US sports betting market. Not to be outdone, GAN is spending big to acquire its own sports betting technology.
Another huge deal has been struck in the race to control the new US sports and online betting industry. Last month Caesars Entertainment, a casino, bought UK bookie William Hill for £2.9 billion. Before that in January, a fantasy sports app called DraftKings floated on the stock market and promptly got valued at $18 billion. And Ireland’s Flutter, owner of Paddy Power, bought a fantasy sports app called FanDuel for $158 million in 2018. Now GAN is getting in on the act. GAN, the Smurfit-backed and formerly Dublin-listed gambling technology company, announced yesterday its buying an eastern European sports betting…
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