Jumps on deal to develop sports betting platform

GAN

24/05/2021 17:01

** Internet-based interactive gaming services provider's
shares  GAN.O  up 9.5% at $16.9 
    ** Co enters into an agreement with the Saginaw Chippewa
Indian Tribe of Michigan, which owns and operates Soaring Eagle
Casino & Resort (Soaring Eagle)
    ** Per agreement, GAN will deploy its "GameSTACK" platform
to enable iGaming and online sports betting, GAN says
    ** GAN will also collaborate with Soaring Eagle to design
and develop its iGaming and sports betting front-end web
application together with counterpart native Apple iOS and
Android apps
    ** Announcement marks GAN's fourth client in the state of
Michigan and adds to co's growing list of tribal clients
 urn:newsml:reuters.com:*:nBw92gsKya
    ** Stock down ~16.5% YTD

 (Reporting by Sahil Shaw in Bengaluru)
 ((sahil.shaw@thomsonreuters.com))