GAN PLC GAN plc Q3 2017 Key Performance Indicators (2202Y)
December 04 2017 - 1:00AM
UK Regulatory
TIDMGAN
RNS Number : 2202Y
GAN PLC
04 December 2017
LONDON STOCK EXCHANGE (LSE): GAN | IRISH STOCK EXCHANGE (ISE):
GAME
GAN Releases Quarterly Key Performance Indicators for its 2017
Third Quarter
Continued Strong Growth from its core US market and Simulated
Gaming
London & Dublin | December 4, 2017: 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 announced the release of
quarterly key performance indicators for the third quarter of 2017.
This allows the US and global institutional investment community to
properly track progress of GAN's diverse business on a quarterly
basis.
Over the past fifteen months, GAN has begun to increase its
institutional outreach to the United States, where the Company
conducts the predominant portion of its business activities. The
expanded financial information flow supports the increasing number
of suitably-qualified US institutional investors who engaged with
GAN's equity story in late 2016 and 2017 to date. This Quarterly
publication discloses the Active Player-Days and Average Revenue
Per Active Player-Day (ARPDAU), in which GAN participates worldwide
in regulated real money Internet gaming markets and Simulated
Gaming(TM).
Key Performance Indicators for Q4 2017 and CY2017 will be
released with GAN's full year CY2017 financial results on or before
March 31, 2018. The composition and nature of GAN's Key Performance
Indicators will be reviewed by the US-based CFO anticipated to join
GAN in early 2018.
Quarterly Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017
KPIs
-------------- ---------- ---------- ---------- ---------- ----------
Active
Player-Days 1,700,908 2,037,233 2,227,905 2,600,842 2,996,914
-------------- ---------- ---------- ---------- ---------- ----------
% Change - -- +19.8% +9.4% +16.7% +15.2%
-------------- ---------- ---------- ---------- ---------- ----------
ARPDAU $7.09 $7.42 $7.69 $6.98 $6.36
-------------- ---------- ---------- ---------- ---------- ----------
% Change - -- +4.6% +3.6% -9.2% -8.9%
-------------- ---------- ---------- ---------- ---------- ----------
Third Quarter 2017 Highlights
-- Fifth successive Quarter of growth in Active Player-Days.
-- +15.2% Quarter-on-Quarter growth in Active Player-Days in Q3
2017 over Q2 2017 to 2,996,914 Active Player-Days.
-- -8.9% Quarter-on-Quarter decline in Average Revenue Per Daily
Active User in Q3 2017 over Q2 2017 to $6.36 reflecting strong
growth in higher-margin Simulated Gaming which proved modestly
dilutive to ARPDAU across the enterprise.
Management Commentary
Dermot Smurfit, CEO of GAN commented:
"Five successive quarters of growth more recently driven by
Simulated Gaming in the Company's key market of the US. Overall
'GAN-enabled revenue' in which GAN participates increased +5% in Q3
2017 over Q2 2017. Moving 'bricks & mortar' US casinos online
with GAN's Simulated Gaming continued to deliver growth quarter on
quarter despite the full impact of Summer seasonality which
generally reduces players' levels of online engagement and
propensity to spend money."
FAQ's about GAN's Simulated Gaming(TM) & real money online
Regulated Gaming
-- 96% of Americans cannot legally play online casino games for
real money. Launched in the US by GAN in January of 2014, Simulated
Gaming(TM) allows these Americans to engage with a realistic
for-entertainment-only online casino. American players may open an
account online and purchase virtual credits with real money in
order to extend their time playing their favourite casino games
online. American casino patrons frequently cite 'practising at home
online before visiting the casino' as a major reason for playing
casino gaming online, despite not being permitted to win real
money.
-- Supported by GAN's 258 months of operating data across
thirteen (13) major US casinos' deployments, Simulated Gaming(TM)
has repeatedly proven to drive increased visitation back to the
casino and is proven to increase property visitation among existing
patrons, reactivate lapsed patrons bringing them back to the casino
and drive acquisition of new patrons from outside the typical drive
distance to the property.
-- Real money online Regulated Gaming for GAN comprises
wholly-regulated and US-compliant Internet gaming where end user
players resident in wholly-legal jurisdictions deposit & wager
real money while playing casino games online. GAN received its
first full US gaming licence in April 2017 awarded by the State of
New Jersey. GAN's Regulated Gaming business activities are centred
on the UK and Italy in Europe and the State of New Jersey in the US
with preparations for real money regulated Internet gaming in
Pennsylvania already underway following the passage into law of
enabling legislation on October 30, 2017.
GAN | Overview
GAN is a leading B2B supplier of Internet gaming enterprise
software-as-a-service solutions to the US land-based casino
Industry. GAN is listed on the ESM Market of the Irish Stock
Exchange and the AIM Market of the London Stock Exchange under the
ticker: GAN
The Company has developed an Internet gaming enterprise software
system, GameSTACK(TM), which it licenses principally to land-based
US casino operators as a turnkey technology solution for both
regulated real-money and/or virtual Simulated Gaming. GAN has
thirteen (13) casino operators as clients of Simulated Gaming
principally in US; two (2) clients of real money Regulated Gaming
in New Jersey; and ten (10) clients of real money Regulated Gaming
in Europe.
The Internet Gaming System, developed in London under a UK
Gambling Commission license, is certified to the highest technical
standards currently required by gaming regulators.
In April 2017 GAN was granted a Casino Service Industry
Enterprise license by the New Jersey Division of Gaming Enforcement
being GAN's first privileged gaming license in the United
States.
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, ESM Adviser
and Joint Broker)
John Frain / Barry
Murphy
+353 1 679 6363
Liberum (Joint
Broker)
Neil Patel / Cameron
Duncan
+44 (0) 20 3100
2000
This information is provided by RNS
The company news service from the London Stock Exchange
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