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Gaming software group GAN lawyers up as it looks to protect its IP over in the US

GAN claims that some internet gambling operators have been using its technology without permission, and it is now seeking “commercial settlements” for these alleged infringements
casino
GAN reckons settlements and licensing agreements could be a lucrative revenue stream

Gaming software group GAN PLC (LON:GAN) has hired a US intellectual property law firm as it looks to sue internet gambling operators using its technology without permission.

GAN was awarded a patent in 2014 for its technology, which enables punters to link their in-casino reward card to their online account in order to verify their identity.

READ: GAN shares jump after US sports betting deal

An “anonymous industry actor” contested the validity of the patent last year, but officials dismissed the challenge.

GAN’s software has been licensed to many of the largest US casino operators, including MGM Resorts and Station Casinos.

But it appears others have been using the software without permission, and the company said the offending firms had been “substantially and progressively placed on notice” of GAN’s patents.

Chicago-based law firm Irwin IP LLP will now seek “commercial settlements” for any infringements, which, along with patent licensing, represent a “potentially high-margin incremental income stream for GAN”.

Shares rose 1.6% to 66p in early deals on Friday.

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Newswire
November 08 2018

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