Stay Informed.News

PA Gambling Growth for December 2019

17 January, 2020
LONDON STOCK EXCHANGE (LSE): GAN
 
GAN Reports December 2019 Internet Gambling Growth For Pennsylvania
Internet Gambling Win Decreased 6.8% from November
 
London | January 17, 2020: 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 January 16, 2020, by the Pennsylvania Gaming Control Board (“PGCB”) of Internet gaming and Internet sports betting financial information for the calendar month of December 2019 in Pennsylvania. 
 
Highlights from the PGCB include:
  • Internet Gaming Win was $10.6 million in December, reflecting an increase of 10.0% from the prior sequential month. This compares to:
    • $9.7 million for the month of November;
    • $4.9 million for the month of October; and
    • $4.1 million for the month of September.
  • Total Internet Sports Wagering Handle(1) was approximately $297.4 million for the month of December, compared to:
    • $266.7 million for the month of November;
    • $198.7 million for the month of October; and
    • $158.2 million for the month of September.
  • Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of December were $14.5 million, compared to:
    • $17.3 million for the month of November;
    • $14.5 million for the month of October; and
    • $13.7 million for the month of September.
 
  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 PGCB, in order to enable the investor community to readily monitor growth of Internet gambling in Pennsylvania, 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. 
 
GAN is listed on the London Stock Exchange (LSE: GAN).
 
For more information please visit www.GAN.com.
 
 

 
For further information please contact:
 
GAN US Investors: The Equity Group
Jack Wielebinski Adam Prior
Head of Investor Relations aprior@equityny.com
+1 214 799 4660 +1 212 371 8660
jwielebinski@GAN.com  
Carolyne Sohn
csohn@equityny.com
+1 415 568 2255
 
  UK & Ireland Investors: Newgate Communications
  Adam Lloyd
Giles Croot
  GAN@Newgatecomms.com
  +44 (0) 20 3757 6880
 
  Davy (Nominated 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

31 January, 2020
GAN Announces New Simulated Gaming Client: The Snoqualmie Indian Tribe

London | January 31, 2020: 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, has agreed to supply its Simulated Gaming software to the Snoqualmie Indian Tribe (the “Client”), with new services anticipated to launch to customers in H1 2020.
 
The Snoqualmie Indian Tribe owns and operates the Snoqualmie Casino located in Snoqualmie, Washington, about 25 miles east of Seattle. The casino features a 51,000-square-foot gaming floor, offering 54 classic table games and 1,700 slot machines, and is a sponsor and branding partner of the Seattle Seahawks, its local NFL team. The agreement with GAN will enable the Client to provide an expanded suite of online gaming and services throughout the region and beyond.

Read Full Article
31 January, 2020
Trading Statement

London | January 31, 2020: 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 provided a trading update ahead of its preliminary results for the year ended December 31, 2019 (FY 2019).
 
2019 Financial Highlights
Trading for FY 2019 is expected to be ahead of market expectations with year-over-year revenue growth in the range of between 115% and 120% and year-over-year EBITDA1 margin in the range of between 30% and 35%, which compares to prior-year EBITDA1 margin of -14%. GAN ended FY 2019 with a strong, debt-free balance sheet and positive cash flow for the year.   

Read Full Article
17 January, 2020
PA Gambling Growth for December 2019

London | January 17, 2020: 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 January 16, 2020, by the Pennsylvania Gaming Control Board (“PGCB”) of Internet gaming and Internet sports betting financial information for the calendar month of December 2019 in Pennsylvania.  
 

Read Full Article
Top of page