London & Dublin – July 15, 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 July 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 June 2019 in New Jersey.
Highlights from the DGE include:
Internet Gaming Win was $38.1 million in June compared to $22.7 million in the prior year period,
reflecting a year-over-year increase of 67.8%.
Total Internet Sports Wagering Handle (1) was approximately $226.7 million for the month of June,
− $263.6 million for the month of May;
− $254.0 million for the month of April; and
− $298.3 million for the month of March.
Internet Sports Wagering Gross Revenues (2) (after payouts) for the month of June were $6.9 million, compared to:
o $16.6millionforthemonthofApril;and o $24.3millionforthemonthofMarch.
(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, GameSTACKTM, 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.
Regulatory News Service announcement published on the London Stock Exchange on July 17, 2019: GAN - JUNE NJ Sports Update - July 17 2019.pdf
London | March 27, 2020: 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 provides more information on the previously confirmed closure of certain market access arrangements with the Sault Tribe of Chippewa Indians (“Tribe”) in the State of Michigan, following the December 23, 2019, passage into Michigan law HB 4311, a bill that includes provisions for the legalization of full real money Internet casino gaming in the State of Michigan as well as Internet sports betting.Read Full Article
London | March 25, 2020: 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 provided a market update including an update in light of the recent developments regarding COVID-19.
The Company maintains online only gaming operations, and the successful implementation of “Work from Home” was completed on March 13. As a wholly digital business, GAN has not experienced any interruption in technical development, and/or technical operations conducted to support its clients. Furthermore, early indications of a material shift from retail gambling to online gambling is anticipated to be positive for GAN’s overall revenue opportunity during this time.
Shareholder documents relating to the UK scheme of Arrangement the anticipated NASDAQ listing.Read Full Article