GAN Reports Strong December 2018 Internet Gambling Growth For New Jersey
LONDON & DUBLIN--(BUSINESS WIRE)--Jan 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.
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) and on the Irish Stock Exchange (ISE: GAME).
For more information please visit www.GAN.com.
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Chief Executive Officer
+44 (0) 20 7292 6262
dsmurfit@GAN.comUS Investors: The Equity Group
212.371.8660UK & Ireland Investors: Walbrook PR
+44 20 7933 8780Davy (Nominated Adviser, ESM Adviser and Joint Broker)
John Frain / Barry Murphy
+353 1 679 6363Liberum (Joint Broker)
Neil Patel / Cameron Duncan
+44 (0) 20 3100 2000
KEYWORD: UNITED KINGDOM EUROPE IRELAND
INDUSTRY KEYWORD: ENTERTAINMENT CASINO/GAMING TECHNOLOGY INTERNET SOFTWARE OTHER TECHNOLOGY GENERAL ENTERTAINMENT
SOURCE: GAN plc
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PUB: 01/15/2019 02:05 AM/DISC: 01/15/2019 02:05 AM