London & Dublin | November 11, 2016: 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, announced that it has launched online Simulated Gaming™ for JACK Entertainment (“JACK” or “the Client”) in Ohio. This partnership was previously announced by GAN on February 12, 2016.
JACK and its affiliates’ portfolio of properties include over 13,000 gaming positions, more than 400,000 square feet of gaming space, 400 hotel rooms, and 35 bars and restaurants. JACK is comprised of approximately 7,000 team members across four Midwestern US states and generates more than $1.4 billion in revenues annually.
Matthew P. Cullen, CEO of JACK Entertainment, commented:
“JACK Entertainment is excited to launch GAN’s simulated gaming experience for our casino guests in Ohio. GAN has proved to be a great partner, offering our guests a fun and interactive way to engage with our Ohio properties, and meeting important regulatory compliance needs. We also are pleased with the platform’s early success in demonstrating higher monetization rates than those generally reported by social casinos.”
Dermot Smurfit, CEO of GAN commented:
“Casino patrons are increasingly engaged in playing social casinos online. The highest-spending social casino players are patrons of land-based casinos. Casino operators can offer more value to their patrons than a typical social casino. JACK Entertainment is now offering a highly competitive online experience to their casino patrons resident in Ohio’s regional gaming market Over time, and in line with our other casino operator clients’ reported experience, we expect JACK to experience increased patron loyalty through increased visitation on-property and increased on-property gaming revenues, as a consequence of engaging with their patrons online as well as on-property.”
FAQ’s about GAN’s Simulated Gaming™
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
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.
· 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