GAN plc

06/13/2019 | Press release | Distributed by Public on 06/13/2019 00:35

13/06/19: May 2019 Internet Gambling Growth For New Jersey


LONDON STOCK EXCHANGE (LSE): GAN - EURONEXT DUBLIN (EURONEXT GROWTH): GAME

GAN Reports Strong May 2019 Internet Gambling
Growth For New Jersey
Internet Gaming Win Increased 57.8% from prior year monthly period


London & Dublin - June 13, 2019:
GAN plc ('GAN' or the 'Company'), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today updated the market following the publication on June 12, 2019 by the New Jersey's Division of Gaming Enforcement ('DGE') of Internet gaming and Internet sports betting financial information for the calendar month of May 2019 in New Jersey. Highlights from the DGE include:
  • Internet Gaming Win was $38.3 million in May compared to $24.3 million in the prior year period, reflecting a year-over-year increase of 57.8%.
  • Total Internet Sports Wagering Handle (1) was approximately $263.6 million for the month of May, compared to $254.0 million for the month of April and $298.3 million for the month of March.
  • Internet Sports Wagering Gross Revenues (2) (after payouts) for the month of May were $13.7 million compared to April's $16.6 million and March's $24.3 million.
  1. Gross amount of money accepted in wagers
  2. Internet Sports Wagering Gross Revenues may vary from month to month due to the payouts for future events occurring months after the original wager was made and unredeemed winning wagers from prior months will become deductible upon redemption in future months
This information will be updated and published each month, following publication by the DGE, in order to enable the investor community to readily monitor growth of Internet gambling in New Jersey, which remains a key market for GAN.
About GAN Plc GAN is a leading business-to-business ('B2B') supplier of internet gambling software-as-a-service solutions ('SaaS') to the US land-based casino industry. The Company has developed a proprietary 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 gaming and virtual Simulated Gaming. The Company has also launched digital user acquisition & retention marketing in support of the Internet Casino (https://casino.winstar.com) provided by GAN's Digital Marketing Agency in Tel Aviv, Israel. GAN is listed on the London Stock Exchange (LSE: GAN) and on Euronext Dublin (Euronext Growth: GAME). For more information please visit www.GAN.com.


For further information please contact:

Davy (Nominated Adviser, Euronext Growth Advisor and Joint Broker)
John Frain / Barry Murphy
+353 1 679 6363

Liberum (Joint Broker)
Neil Patel / Cameron Duncan
+44 (0) 20 3100 2000