London-listed gaming supplier GAN has boosted its presence in Italy's regulated iGaming market through an agreement with local operator Goldbet.
The multi-year deal will see GAN supply a range of online casino slot, table and non-traditional skill-based games to the operator.
GAN said that the agreement is expected to be accretive to net revenue and EBITDA derived from Italy commencing from the second half of this year.
"Italy remains a strategic stronghold for GAN and represents a substantial long term investment in a market which first regulated internet skill-based games in 2009, casino table games in 2011 and casino slot games in 2013," said Dermot Smurfit, chief executive of GAN.
"The Italian regulated internet gaming market appears locked in a structural growth cycle which GAN continues to benefit from by delivering an increasing number of high quality internet casino games to its clients. We very much welcome the addition of Goldbet as our ninth client in Italy."
Shares in GAN plc (AIM:GAN) opened for trading at 28.00 pence per share in London Wednesday morning.