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New Jersey Internet Gambling Growth for August 2019

12 September, 2019
LONDON STOCK EXCHANGE (LSE): GAN
 
GAN Reports Strong August 2019 Internet Gambling
Growth For New Jersey

Internet Gambling Win Increased 116% from prior year monthly period
 
London & Dublin – September 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 September 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 August 2019 in New Jersey. 
 
Highlights from the DGE include:
·        Internet Gaming Win was $41.1 million in August compared to $24.8 million in the prior year period, reflecting a year-over-year increase of 65.7%.
·        Total Internet Sports Wagering Handle(1) was approximately $249.2 million for the month of August, compared to:
-       $213.0 million for the month of July 2019;
-       $226.7 million for the month of June 2019; and
-       $263.6 million for the month of May 2019.
·        Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of August were $19.2 million, compared to $3.1 million in the prior year period August 2018, reflecting a year-over-year increase of 514.7% and is further comparable to:
o   $13.9 million for the month of July 2019;
o   $6.9 million for the month of June 2019; and
o   $13.7 million for the month of May 2019.
 
(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).
 
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 aprior@equityny.com
+44 (0) 20 7292 6262 212.371.8660
dsmurfit@GAN.com  
  UK & Ireland Investors: Walbrook PR
  Paul Cornelius
  GAN@WalbrookPR.com
  +44 20 7933 8780
 
  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  
 
 
 To download the full pdf version on the document, please, click the link below. 

New Jersey Internet Gambling Results for August 2019.pdf
 

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