GAN Announces Appointment of Leading Intellectual Property Litigation Firm to Drive Licensing & Enforcement of US Patent
September 14 2018 - 10:00AM
Business Wire
GAN plc (“GAN” or the “Company”), an award-winning developer and
supplier of enterprise-level B2B Internet gambling software and
services in the United States, today announces the Company has
awarded a mandate to specialist intellectual property litigation
firm Irwin IP LLP (“Irwin IP”) in Chicago, IL to implement a US
patent licensing and enforcement program principally targeting
operators in the regulated intra-State Internet gambling markets of
New Jersey, Nevada, Delaware and Pennsylvania which are currently
infringing upon the Company’s US-patented intellectual property
rights.
The commencement of GAN’s Patent licensing program was announced
on May 30, 2017 following an unsuccessful ‘ex parte’ (anonymous)
legal challenge to GAN’s US patent number 8,821,296, reinforcing
the value of GAN’s US-patented technology for linking land-based
casino reward cards to online gambling accounts.
Following the completion of the £7.5M Equity Placing in June
2018 and the appointment of Irwin IP LLP, the Company will now
proceed to assert its rights over US-patented intellectual property
and seek commercial settlements for prior and continuing
infringements by regulated Internet gambling operators and/or
relevant technology vendors, who have been substantially and
progressively placed on notice of the Company’s US intellectual
property rights.
A further update will be provided at GAN’s H1 2018 interim
results on September 28, 2018.
Highlights
- GAN’s US Patent was awarded in
September 2014 and this US-patented technology has been licensed by
GAN to many of the largest US casino operators including Station
Casinos, Chickasaw Nation, MGM Resorts, Ocean Resort Casino and
Parx Casino for both Simulated Gaming (social casino gaming) and
regulated real money Internet gambling in both New Jersey and
Pennsylvania
- Irwin IP is an experienced intellectual
property litigation firm in Chicago, Illinois with a substantial
track record in the US casino gaming Industry securing injunctions
and/or commercial licensing agreements with major US casino
equipment manufacturers and/or US casino operators
- Irwin IP’s accomplishments include
representing a mid-sized software company in a three-week jury
trial culminating in a $16 million jury verdict; helping a small,
disruptive start-up defeat patent infringement and false
advertising claims asserted by a large, multi-national company; and
securing a permanent injunction and $7.3 million jury award in an
offensive gaming patent infringement matter protecting a
$100-million-dollar-a-year product line
Patent licensing and/or settlement awards represent a
potentially high-margin incremental income stream for GAN.
FAQ’s about Internet Gambling ‘Platform’ & US
Patent
- For investors and Industry analysts:
The core of a “Platform” from both a technical and regulatory
standpoint is the Player Account Management System i.e. where
highly sensitive customer and player activity data is stored and
processed. Other elements of Platform can include a sportsbook
transaction engine, gaming content integrations, payment services,
marketing services, trading services and other ancillary
activities. However, the core functionality to describe B2B systems
and services as a 'Platform' is the Player Account Management
System. This is also the layer of B2B activity which tends to
require regulatory approval as a 'Platform' since it is the focal
point of data and player security. Therefore, without the Player
Account Management System, a service provider might be offering
very valuable B2B functionality but not in the strictest sense a
'Platform' (source: Regulus Partners, an international gambling
advisory group).
- All US casinos operate an on-property
rewards program (also called ‘loyalty programs’) where visitors to
the land-based casino can enrol in a loyalty program, collect a
rewards card and accumulate reward points from real money gambling
on-property. Typically, US casinos have more than half of their
active on-property patrons enrolled in these reward programs.
- GAN’s US-patented technology
principally permits US casino operators’ carded patrons to link
their reward card to their online gambling account in order to
identify themselves as a patron of the land-based casino and a
member of their retail rewards program.
- The Patent was awarded to GAN plc in
September 2014 by the US Patent & Trademark Office (“USPTO”)
with the Patent reissued under the same Patent number by the USPTO
on March 17, 2017 following an unsuccessful ex parte challenge
brought by an anonymous US Industry actor.
Notes:
1
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GAN/13241403.html
GAN | Overview
GAN is a leading B2B supplier of Internet gambling enterprise
software-as-a-service solutions to the US land-based casino
Industry. GAN is listed on the ESM Market of the Irish Stock
Exchange and the AIM Market of the London Stock Exchange under the
ticker: GAN
The Company has developed an Internet gambling enterprise
software system, GameSTACK™, which it licenses principally to
land-based US casino operators as a turnkey technology solution for
regulated real-money Internet gambling encompassing Internet gaming
& Internet sports betting and/or virtual Simulated Gaming.
GAN has fourteen (14) casino operators as clients of Simulated
Gaming coast-to-coast across the US and Internationally; two (2)
clients of real money Regulated Gambling in New Jersey; one (1)
client of real money Regulated Gambling in Pennsylvania and ten
(10) clients of real money Regulated Gambling in Europe.
The Internet Gambling System, developed in London under a UK
Gambling Commission license, is certified to the highest technical
standards currently required by gambling regulators. In April 2017
GAN was granted a Casino Service Industry Enterprise license by the
New Jersey Division of Gaming Enforcement being GAN’s first
privileged gaming license in the United States. In May 2018, the US
Supreme Court repealed PASPA and GAN confirmed the H2 launch of
sports betting for US clients integrated into GAN’s enterprise
software platform. In September 2018 GAN launched Internet sports
betting in New Jersey, available as an integrated option alongside
Internet gaming.
For more information please visit www.GAN.com
About Irwin IP LLP
Irwin IP specializes in intellectual property and
technology-related litigation. Irwin IP’s founder, Barry Irwin, has
been recognized as a ‘Super Lawyer’ and ‘Leading Lawyer’ each year
for nearly two decades, and was recently named one of the Top 100
lawyers in Illinois, one of only eight intellectual property
attorneys.
Barry and several of the other senior Irwin IP attorneys spent
decades working at one of the most prestigious law firms in the
country where they had a long history of achieving successful
results in the gaming industry for companies like IGT, Action
Gaming and Shuffle Master.
For more information please visit www.IrwinIP.com
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GANDermot Smurfit, +44 (0) 20 7292 6262Chief Executive
Officerdsmurfit@GAN.comorUS Investors:The Equity
GroupAdam Prior, 212-371-8660aprior@equityny.comorUK &
Ireland Investors:Walbrook PRPaul Cornelius, +44 20 7933
8780GAN@WalbrookPR.comorDavy (Nominated Adviser, ESM Adviser and
Joint Broker)John Frain / Barry Murphy, +353 1 679
6363orLiberum (Joint Broker)Neil Patel / Cameron Duncan, +44
(0) 20 3100 2000
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