Beach Point Capital Management Announces Private Credit Investment In Leading Gaming Technology Provider Gan Limited
Beach Point Capital Management Announces Private Credit Investment In Leading Gaming Technology Provider Gan Limited
04/28/22, 2:10 PM
Location
Beach Point Capital Management LP, a private credit focused investment manager, today announced a $30 million private credit investment in GAN Limited (NASDAQ: GAN), a leading full-service internet gaming software-as-a-service provider.
Company Info
Location
los angeles, california, united states
Additional Info
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 and 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, GameSTACKTM, which it licenses to land-based U.S. casino operators as a turnkey technology solution for regulated real money internet gambling, encompassing internet gaming, internet sports betting and social casino gaming branded as 'Simulated Gaming.'