Stay Informed.News

GAN Announces Launch of Simulated Gaming Website for Pearl River Resort in Choctaw Mississippi

17 December, 2018
 
 
LONDON STOCK EXCHANGE (LSE): GAN  | IRISH STOCK EXCHANGE (ISE): GAME
 
GAN Announces Launch of Simulated Gaming Website for Pearl River Resort in Choctaw Mississippi
Represents 14th Simulated Gaming™ Launch Throughout U.S.
 
London & Dublin | December 14, 2018: GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, today announced the launch of the Simulated Gaming Website for the Pearl River Resorts portfolio, consisting of 3 casinos in Choctaw, Mississippi. Customers can play at https://freeplay.pearlriverresort.com.
GAN previously announced the partnership with Mississippi’s Choctaw Indians on April 30, 2018 and can be found here. The Company has since launched the Simulated Gaming Website on schedule and has seen a strong initial response from a new regional US gaming market. Pearl River has also agreed to license GAN’s US Patent addressing loyalty awards linking, marking the 14th US client to do so.
 
Management Commentary
 
Dermot Smurfit, CEO of GAN commented:
 
“Pearl River is one of America’s largest Native American casino resort properties, and the largest casino resort in Mississippi.  This represents a brand new, strategic market for GAN, and we look forward to working with Pearl River to grow their Simulated Gaming business in the coming months.  In the first half of 2018, GAN grew gross purchases by players by over 52% due to both new launches and existing expansion.  GAN now has successfully launched Simulated Gaming websites for 14 clients across 11 states, and we continue to see incremental opportunity to scale this segment through online/on-property marketing activity and working with our casino partners to expand user interaction and engagement.”
 
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.
 
GAN is listed on the London Stock Exchange (LSE: GAN) and on the Irish Stock Exchange (ISE: GAME).
 
For more information please visit www.GAN.com.
 

 
For further information please contact:
 
GAN US Investors: The Equity Group
Dermot Smurfit Adam Prior
Chief Executive Officer aprior@equityny.com
+44 (0) 20 7292 6262 212.371.8660
dsmurfit@GAN.com  
  UK & Ireland Investors: Walbrook PR
  Paul Cornelius
  GAN@WalbrookPR.com
  +44 20 7933 8780
 
  Davy (Nominated Adviser, ESM Adviser and Joint Broker)  
  John Frain / Barry Murphy  
  +353 1 679 6363  
   
Liberum (Joint Broker)
 
  Neil Patel / Cameron Duncan  
  +44 (0) 20 3100 2000  
 
 

Recent News

17 September, 2019
GAN Reports August 2019 Internet Gambling Growth For Pennsylvania

London & Dublin – September 17, 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 September 16, 2019, by the Pennsylvania Gaming Control Board (“PGCB”) of Internet gaming and Internet sports betting financial information for the calendar month of August 2019 in Pennsylvania. 

Read Full Article
12 September, 2019
GAN H1 2019 Financial Results - Investor Presentation

London | 13 September 2019: GAN plc (“GAN” or the “Group”), a leading B2B supplier of Internet gambling enterprise software-as-a-service solutions to the land-based casino industry, announces its operating and financial results for the six months ended 30 June 2019 - the attched presentation is the H1 2019 Investor Presentation to accompany the earnings call scheduled for 4:00 PM BST (11am EST / 8am PST) on September 13, 2019.

Read Full Article
12 September, 2019
GAN Announces Profitable H1 2019 Financial Results

London | 13 September 2019: GAN plc (“GAN” or the “Group”), a leading B2B supplier of Internet gambling enterprise software-as-a-service solutions to the land-based casino industry, announces its operating and financial results for the six months ended 30 June 2019.
 
 
Financial Overview
 
·        Group Net Revenue of £11.3m (H1 2018: £4.6m), an increase of +145%
 
·        Clean EBITDA1 profit of £3.0m (H1 2018: clean EBITDA loss of £0.3m)
 
·        Profit after tax of £0.7m (H1 2018: loss after tax of £3.0m)
 
·        Basic earnings per share of £0.01 (H1 2018: loss per share £0.04)
 
·        Cash and cash equivalents at 30 June 2019 of £9.1m (£5.5m at 31 December 2018)
 
·        United States accounted for 78% of Net Revenue including £3m derived from patent licensing

Read Full Article
Top of page