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Additional Services for FanDuel in PA

20 June, 2019
 
 
LONDON STOCK EXCHANGE (LSE): GAN
 
GAN Announces Material Additional Services for FanDuel Group in Pennsylvania
 
London & Dublin - June 20, 2019: GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gambling software and services in the United States and Europe, today announces a material addition to the existing services provided to FanDuel Group (“FDG”), the U.S. business unit of Flutter Entertainment plc (formerly Paddy Power Betfair plc).
 
 
Management Commentary
Dermot Smurfit, CEO of GAN, commented, “The launch of an Internet casino service for another casino in Pennsylvania represents a material incremental revenue opportunity for GAN.”
 
 
Company Schedules 2019 First Half Financial Results
The Company is expected to release its results for the half year period ended June 30, 2019 on September 27, 2019.
 
 
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
Jameson Wang Adam Prior
VP, Investor Relations & Analytics aprior@equityny.com
jwang@GAN.com
+1 (310) 384-1132
212.371.8660
  UK & Ireland Investors: Walbrook PR
  Paul Cornelius
  GAN@WalbrookPR.com
  +44 20 7933 8780
   
 
  Davy (Nominated Adviser, Euronext Growth Adviser 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

12 September, 2019
GAN H1 2019 Financial Results - Investor Presentation

London | 13 September 2019: GAN plc (“GAN” or the “Group”), a leading B2B supplier of Internet gambling enterprise software-as-a-service solutions to the land-based casino industry, announces its operating and financial results for the six months ended 30 June 2019 - the attched presentation is the H1 2019 Investor Presentation to accompany the earnings call scheduled for 4:00 PM BST (11am EST / 8am PST) on September 13, 2019.

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12 September, 2019
GAN Announces Profitable H1 2019 Financial Results

London | 13 September 2019: GAN plc (“GAN” or the “Group”), a leading B2B supplier of Internet gambling enterprise software-as-a-service solutions to the land-based casino industry, announces its operating and financial results for the six months ended 30 June 2019.
 
 
Financial Overview
 
·        Group Net Revenue of £11.3m (H1 2018: £4.6m), an increase of +145%
 
·        Clean EBITDA1 profit of £3.0m (H1 2018: clean EBITDA loss of £0.3m)
 
·        Profit after tax of £0.7m (H1 2018: loss after tax of £3.0m)
 
·        Basic earnings per share of £0.01 (H1 2018: loss per share £0.04)
 
·        Cash and cash equivalents at 30 June 2019 of £9.1m (£5.5m at 31 December 2018)
 
·        United States accounted for 78% of Net Revenue including £3m derived from patent licensing

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12 September, 2019
Trading Update and Conclusion of Review of Strategic Alternatives

London | 13 September 2019: GAN plc (“GAN” or the “Group”), a leading B2B supplier of Internet gambling enterprise software-as-a-service solutions to the land-based casino industry, today announces the conclusion to its review of strategic alternatives commenced on 29 March 2019, and provides a trading update.

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