The gambling industry is expanding at an unprecedented rate. Online gambling is now a $90 billion industry, and there are a lot of reasons for that. For one, the market has grown 500% in the past 10 years, and that’s expected to continue. Furthermore, there’s a lot of money to be made—gambling in the U.S. is expected to hit $127 billion in revenue by 2020.

The U.S. online gambling industry is valued at over $20 billion annually, and that’s a lot of money, with $5 billion of that coming from the U.S. alone. So, who are the players in the industry to profit off of all that money? In the U.S., there are just a few companies that have a chance to become the dominant force in the world of online gambling.

Irvine, CA (June 17, 2021) – GAN Limited (the Company or GAN) (NASDAQ: GAN), a leading full-service provider of real money online gaming, online sports betting and simulation software, today announced that it has entered into an agreement with Incredible Technologies, Inc. (Incredible Technologies or IT) for exclusive rights to all current and future Incredible Technologies online games, which will increase to more than 110 during the term of the Agreement. Incredible Technologies is one of the leading developers and manufacturers of electronic gaming machines in the United States, whose evergreen slot machines, such as Crazy Money® and Money Rain®, are in most U.S. retail casinos and available online in New Jersey since 2014 and 2016, respectively. For GAN, the deal complements a content acquisition strategy aimed at increasing the company’s share of gross iGaming revenues generated by B2B operators, while also securing a rapidly growing share of existing iGaming revenues from B2C operators who are not already GAN customers. GAN will begin receiving royalties for online content from Incredible Technologies’ existing online operations in New Jersey. As a result of this long-term agreement, content from all of GAN’s exclusive online slot partners will account for approximately 7% of all slots sold in the US by 2020. For IT, which has a strong library of proven casino and other out-of-home entertainment games in tens of thousands of locations, this agreement allows it to work with a long-term partner with an extensive online distribution network in the U.S. while focusing its resources on rapidly growing its online portfolio. IT will offer GAN and Super RGS customers an exclusive and extensive portfolio of online casino slots, now and in the years to come. IT will distribute its entire library of on-line games exclusively through the GAN platform or Super RGS in the United States. Jeff Berman, commercial director of GAN, explains: word-image-11672 We welcome the partnership with Incredible Technologies as further evidence of our leading presence in the regulated intrastate markets of the Americas. Today’s announcement is another exciting step in the evolution of our strategy to create exclusive online access to America’s most popular slot machines. Few content providers in the U.S. market have a reputation for innovation and creativity like the operational excellence of Incredible Technologies. The popularity of IT slot games, including the popular Ultra Rush themes, will be a significant addition to our portfolio as we strive to become the leading provider of exclusive online content. Damon Ruttenberg, vice president of gaming at Incredible Technologies, adds: Our partnership with a trusted and industry-leading partner like GAN helps us bring our portfolio of leading gaming content to the United States. Since our inception, we have been dedicated to creating innovative and exciting ways to engage players through new technologies and opportunities. We know GAN shares this passion, and we look forward to providing our players with new opportunities through GAN’s extensive online distribution network. Together, we will drive the continued growth of the U.S. iGaming market. About GAN Limited GAN is a leading provider of software as a service for Internet gaming, primarily for the land-based casino industry in the United States. Coolbet, a division of GAN, is a leading operator of proprietary online sports betting technology with leading positions in selected markets in Europe and Latin America. GAN has developed the patented GameSTACK™ software system, which it licenses to land-based casino operators as a turnkey technology solution for regulated real-money gaming on the Internet, including Internet gambling, Internet sports and virtual game simulators. More information about the GAN can be found at www.GAN.com. word-image-11673 About Incredible Technologies Incredible Technologies (IT) is a manufacturer of amusement machines and games that specialize in providing exciting entertainment in casinos and entertainment venues around the world. The company is headquartered in Vernon Hills, a suburb of Chicago, Illinois, and has satellite offices in Lincolnshire, Illinois, and Las Vegas. Computer products are the best in terms of innovation, ease of maintenance and entertainment. IT is the largest producer of coin-operated video games in the United States, and its flagship Golden Tee® Golf is considered the most popular pay-to-play video game in history. Since its appearance on casino floors in 2011, IT Slots has established itself as a leading and award-winning innovation. Incredible Technologies is an associate member of the National Indian Gaming Association, the California Indian Gaming Association, the Washington Indian Gaming Association, the American Gaming Association, the Gaming Equipment Manufacturers Association, and a certified women-owned business. Forward-looking statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release that are not statements of historical fact should be considered forward-looking statements, including statements about future business opportunities and statements containing the words expects, intends, plans, believes, plans, anticipates, estimates, may, will, should or anticipates and similar forward-looking or predictive statements. These forward-looking statements are based on management’s current expectations. These statements are not promises or guarantees, but involve known and unknown risks, uncertainties and other important factors that could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Readers are advised not to place undue reliance on forward-looking statements, which are valid only as of the date they are made. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by law.

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