GAN Limited is pertaining to Nevada.

The B2B innovation provider and options company got regulative approval recently from the Nevada Gaming Commission to introduce its legal sports betting platform to Silver State consumers.

"We are really pleased and humbled to have actually received regulative approval from the State of Nevada to hold a video gaming license," stated GAN Interim CEO Seamaus McGill. "We are thrilled that we will be releasing our leading-edge GAN Sports product in Nevada in the next couple of months."

GAN Sports can start trial operations of its sports wagering platform following next month's state certification and approval. GAN currently has the infrastructure for online wagering websites and retail betting constructed.

"The Las Vegas Locals market is among the largest and most recognizable video gaming markets in the world, and we are exceptionally delighted to be entering it," McGill said. "This is the third state where our B2B sports wagering technology and trading option, GAN Sports, will be operational, and we anticipate bringing a special and fun wagering experience to a large and growing market."

Adding to portfolio

GAN is widely understood in The United States and Canada as an online and land-based gambling establishment innovation software provider. The business is presently offering sports wagering technology to Wynn's Encore Boston Harbor and Island Gulf Casino in Gulfport, Mississippi.

GAN, headquartered in Irvine, California, has 25 operating licenses and offers B2C propriety sports wagering in select European and Latin American markets too.

Trying year for GAN

GAN revealed second-quarter profits of $33.8 million, down $1.2 million from the previous year, with $9.9 million originating from the B2B section and $23.9 from B2C.

Entering a Nevada sports betting market that produced an August deal with of $431 million comes at a crucial time for GAN, which is reorganizing as a business following the departure of former CEO Dermot Smurfit.

GAN's partner, WynnBet, shut down operations in 6 states earlier this year as well.