Stay Informed.News

GAN Reports Strong March 2019 Internet Gambling Growth For New Jersey

15 April, 2019


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

GAN Reports Strong March 2019 Internet Gambling
Growth For New Jersey

Total Internet Gaming Win Increased 52.7% from prior year monthly period
 
London & Dublin - April 15, 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 updated the market following the publication on April 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 March 2019 in New Jersey. 
 
Highlights from the DGE include:
  • Internet Gaming Win was $39.1 million in March compared to $25.6 million in the prior year period, reflecting a year-over-year increase of 52.7%.
  • Total Internet Sports Wagering Handle (1) was approximately $298.3 million for the month of March 2019, up from $259.0 million in February 2019, but slightly down from $305.0 million in January 2019.
  • Internet Sports Wagering Gross Revenues (2) (after payouts) were $24.3 million, up significantly from February’s $12.8 million and January’s $15.5 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:

 
GAN US Investors: The Equity Group
Jameson Wang Adam Prior
VP Investor Relations & Analytics [email protected]
310.384.1132 212.371.8660
[email protected]  
  UK & Ireland Investors: Walbrook PR
  Paul Cornelius
  [email protected]
  +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

5 August, 2020
GAN Schedules 2020 Second Quarter Financial Results Conference Call for August 20, 2020

London | August 5, 2020: GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading business-to-business supplier of internet gambling software-as-a-service solutions to the U.S. land-based casino industry, today announced that it will release financial results for the second quarter and six months ended June 30, 2020, after market close on Thursday, August 20, 2020. The Company will host a conference call to discuss these financial results at 4:30 PM ET that same day.

Read Full Article
3 August, 2020
GAN Appoints Business Development Executive Marcus Yoder as Senior Vice President of Sales

London | August 3, 2020: GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading business-to-business supplier of internet gambling software-as-a-service solutions primarily to the U.S. land-based casino industry, today announced the appointment of Marcus Yoder as Senior Vice President of Sales, reporting to Chief Commercial Officer Jeff Berman. His primary responsibilities include sales, services and B2B marketing.

Read Full Article
17 July, 2020
GAN Provides June 2020 Internet Gambling Market Update for Pennsylvania

London | July 17, 2020: GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading business-to-business supplier of internet gambling software-as-a-service solutions primarily to the U.S. land-based casino industry, today updated the market following the publication on July 16, 2020, by the Pennsylvania Gaming Control Board (“PGCB”) of historical Internet gaming and Internet sports betting financial information for the State of Pennsylvania during the calendar month of June 2020. 

Read Full Article
Top of page