Ainsworth and GAN Announce Exclusive U.S. Online Partnership

LAS VEGAS (May 17, 2021) – Ainsworth Game Technology Limited (“Ainsworth”) (ASX: AGI) and GAN Limited (“GAN”) (NASDAQ: GAN) today announced an initial 5 year partnership for a minimum guaranteed amount of US$30 million in consideration for the exclusive supply of current and future Ainsworth real money online games within North America. Ainsworth’s existing online operations in New Jersey are incorporated in the Agreement, as well as the planned expansions in Michigan and Pennsylvania.

The agreement provides GAN with exclusive online rights to all current and future Ainsworth real money online games. More than 75 unique slots titles are initially included in the agreement, including the QuickSpin brand of wheel games and proven top performing High Denomination titles.

Additionally, Ainsworth will provide a variety of new game content on a regular basis, including derivatives of titles that have been successful in the New Jersey Online casino market such as Pan Chang, Lucky Break and Kanga Cash.

“This agreement with GAN capitalizes on the strength of both companies and provides strong competitive advantages in the rapidly growing U.S. online market,” said Ainsworth General Manager, Online – Jason Lim.

Mr. Lim added “This partnership provides Ainsworth with a significant revenue base as we continue to work to grow our digital footprint across global markets. It positions Ainsworth to be focused on ensuring development of quality and high performing land-based content into online markets.”
Ainsworth will continue to ensure current partners have continual access to the same strong content through this partnership with GAN.

GAN Chief Commercial Officer Jeff Berman said: “Today’s announcement recognizes the benefit of marrying our distribution to Ainsworth’s content and is an important step toward becoming a leading force within the competitive distribution channels in the US online gaming segment. This agreement ensures that GAN possesses differentiated and exclusive access to what we believe will be an ever-growing focus on recognized retail gaming content naturally sought-after by Americans engaged in playing online casino games. Our goal is to continue to build a leading portfolio of U.S. casino games to benefit our diverse clients and establish ourselves as exclusive providers of premier U.S. content. We are excited to extend our long-standing relationship with Ainsworth, as they have built a global reputation for developing award-winning games for both the online and land-based channels.”]

Ainsworth Chief Operating Officer Ryan Comstock added: “We have a suite of strong performing games and several key online casino partners. This partnership with GAN will assist to ensure the timely access to expanded online distribution channels of our unique and recognizable brands.”

About Ainsworth Game Technology
Ainsworth Game Technology Limited (ASX:AGI) (“Ainsworth”) is a Australian publicly listed company headquartered in Sydney, Australia. Ainsworth offices are located around the world including the U.S. and Latin America. With a fully integrated operation including design, development, assembly, testing, sales and field service; Ainsworth encompasses the entire product development cycle from conception through to installation, service and support.

About GAN Limited
GAN is a leading business-to-business supplier of internet gambling software-as-a-service solutions predominantly to the U.S. land-based casino industry. Coolbet, a division of GAN, is a market-leading operator of proprietary online sports betting technology with market leadership positions in selected European and Latin American markets. GAN has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses to land-based casino operators as a turnkey technology solution for regulated real money internet

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