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Beach Point Capital Management Announces Private Credit Investment In Leading Gaming Technology Provider Gan Limited

Apr 28, 2022over 3 years ago
Los Angeles

Description

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 Information

Company

Gan Limited

Location

Los Angeles, California, United States

About

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.'