GAN PLC New Jersey December Update (0753N)
January 15 2019 - 1:00AM
UK Regulatory
TIDMGAN
RNS Number : 0753N
GAN PLC
15 January 2019
LONDON STOCK EXCHANGE (LSE): GAN | IRISH STOCK EXCHANGE (ISE):
GAME
GAN Reports Strong December 2018 Internet Gambling
Growth For New Jersey
Total Internet Gaming Win Increased 39.7% from prior year
monthly period
London & Dublin | January 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 January 14, 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 December 2018 in New Jersey.
Highlights from the DGE include:
-- Internet Gaming Win was $29.0 million in December compared to
$20.8 million in the prior year period, reflecting a year-over-year
increase of 39.7%.
-- Total Internet Sports Wagering Handle (1) was approximately
$241.0 million for the month of December 2018, an increase from
$238.6 million in November 2018 and $174.4 million in October
2018.
-- Sports Wagering Gross Revenues (2) (after payouts) were $20.8
million, compared to November's $21.2 million and October's $11.7
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(TM), 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 the
Irish Stock Exchange (ISE: 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 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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