Stay Informed.News

GAN Reports Q1 2019 KPIs Highlighted by 148.3% Growth in Gross Operator Revenue

1 April, 2019
 
 
LONDON STOCK EXCHANGE (LSE): GAN |EURONEXT GROWTH: GAME
 
GAN Reports Q1 2019 Key Performance Indicators Highlighted by 148.3% Growth in Gross Operator Revenue
 
London & Dublin - April 1, 2019: 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 release of quarterly key performance indicators[1] for the first quarter of 2019, highlighting continuingly strong momentum with all business units of the Company (Real-Money Gaming, Simulated Gaming, Online Sports Betting) operating at record levels in Q1 2019.
 
Management Commentary
Dermot Smurfit, CEO of GAN commented:
 
“Internet Sports betting in New Jersey driven by national events such as the Super Bowl (American Football) and NCAA college basketball’s ‘March Madness’ continued to fuel exceptional growth of Gross Operator Revenue in this first quarter of 2019, as well as amplify the positive impact to Casino revenues from the cross-over of sports gamblers to casino games.”
 
First Quarter 2019 Highlights
This Quarterly publication discloses the Active Player-Days, Average Revenue Per Active Player-Day (ARPDAU) and Gross Operator Revenue, in which GAN participates worldwide in regulated real money Internet gambling markets and Simulated Gaming™.
 
·         Gross Operator Revenue, which comprises the sum of gross revenue from Simulated Gaming; gross gaming revenue from real money regulated Gaming; and gross sports win from real money regulated Sports betting, increased 148.3% year-over-year and 41.4% quarter-over-quarter to $59.1 million.  This increase was driven by strong growth in real money regulated gambling in the US.
·         Active Player-Days increased to 5.3 million, an increase of 65.6% year-over-year and 14.4% quarter over quarter.
·         Exceptional growth experienced in New Jersey driven regulated Internet Sports betting.
 
 
Existing KPIs Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019
Gross Operator Revenue $23.8M $24.0M $26.7M $41.8M $59.1M
% Change YoY +39.0% +32.2% +40.1% +103.9% +148.3%
% Change QoQ +16.2% +0.8% +11.3% +56.4% +41.4%
           
Active Player-Days 3,188,885 3,133,054 3,402,065 4,618,215 5,281,235
% Change YoY +43.1% +20.5% +13.5% +50.6% +65.6%
% Change QoQ +4.0% -1.8% +8.6% +35.7% +14.4%
           
ARPDAU $7.47 $7.66 $7.85 $9.05 $11.2
% Change +11.7% +2.6% +2.5% +15.2% +23.8%
 
 
(1)       The numbers contained herein are unaudited and derived from GAN’s internal business intelligence reporting systems
 
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:
 
GAN US Investors: The Equity Group
Jameson Wang Adam Prior
Vice President, Investor Relations & Analytics aprior@equityny.com
+1 (310) 384-1132 +1 (212) 371-8660
jwang@GAN.com  
  UK & Ireland Investors: Walbrook PR
  Paul Cornelius
  GAN@WalbrookPR.com
  +44 20 7933 8780
 
  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  
 
 
 
 
 

Recent News

20 June, 2019
Additional Services for FanDuel in PA

London & Dublin - June 20, 2019: GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gambling software and services in the United States and Europe, today announces a material addition to the existing services provided to FanDuel Group (“FDG”), the U.S. business unit of Flutter Entertainment plc (formerly Paddy Power Betfair plc).

Read Full Article
14 June, 2019
Legalization of Online Sports Betting in NH

London & Dublin - June 14, 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, welcomes the signing and legalization of internet sports betting in New Hampshire. New Hampshire is the 14th State to legalize sports wagering in the US and the sixth to do so this year. Following the launch, nearly 21% of the total US population will be able to place sports wagers online.  

Read Full Article
13 June, 2019
May 2019 Internet Gambling Growth For New Jersey

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. 

Read Full Article
Top of page