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GAN Reports Strong January 2019 Internet Gambling Growth For New Jersey

15 February, 2019
 
 
 
LONDON STOCK EXCHANGE (LSE): GAN : EURONEXT GROWTH: GAME
 
GAN Reports Strong January 2019 Internet Gambling
Growth For New Jersey

Total Internet Gaming Win Increased 53.0% from prior year monthly period
 
London & Dublin - February  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 February 13, 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 January 2019 in New Jersey. 
 
Highlights from the DGE include:
·         Internet Gaming Win was $33.6 million in January compared to $22.0 million in the prior year period, reflecting a year-over-year increase of 53.0%.
·         Total Internet Sports Wagering Handle (1) was approximately $305.0 million for the month of January 2019, a significant increase from $241.0 million in December 2018 and $238.6 million in November 2018.
·         Internet Sports Wagering Gross Revenues (2) (after payouts) were $15.5 million, compared to December’s $14.7 million and November’s $14.5 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 such as the Super Bowl 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 Growth (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 [email protected]
+44 (0) 20 7292 6262 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  
 
 
 

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