London-listed iGaming software provider GAN has signed a multi-year extension to its content development and distribution agreement with New York-listed gaming supplier Everi Holdings.
The new deal will see GAN develop ten online slot games based on Everi’s portfolio of land-based titles, which will be deployed for social gaming play across the United States, and for real-money play in New Jersey, Pennsylvania and Europe.
Three of Everi’s previously launched online games - Total Meltdown, Carnival in Rio and Starry Night – will be upgraded to HTML5 client applications during the second half of 2018, while seven addition titles will be developed in HTML5.
GAN said that the development fees earned from Everi will contribute positively to revenue in the second half of this year and into 2019.
"We've been working closely with Everi since 2013 and are delighted to extend and enhance our working partnership, to the direct benefit of all GAN's operator clients of both Simulated Gaming and real money Internet gaming in regulated markets,” said Dermot Smurfit, chief executive of GAN.
“We're proud to continue serving as a trusted custodian of Everi's valuable intellectual property to be distributed online by GAN for real money internet gaming into New Jersey, Pennsylvania, Italy, and other European markets as well as for Simulated Gaming coast-to-coast across the US."
Everi executive vice president of digital and interactive, David Lucchese, added: "Extending our agreement with GAN is a reflection of their commitment to developing quality online high-value slot machine content on their mature technology platform.
“GAN's extensive distribution network enables us to deliver our content rapidly into complex real money Internet gaming markets and for Simulated Gaming, which has been adopted by an increasing number of major US casino operators who are all valued clients of Everi."
Shares in GAN plc (AIM:GAN) were trading up 0.25 per cent at 59.65 pence per share in London Friday morning, while shares in Everi Holdings Inc (NSQ:EVRI) closed in New York Thursday up 0.14 per cent at $7.05 per share.