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Share Name | Share Symbol | Market | Type |
---|---|---|---|
GAN Ltd | NASDAQ:GAN | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.19 | 1.14 | 1.28 | 1.2299 | 1.17 | 1.17 | 128,926 | 21:59:42 |
LSE: GAN ISE: GAME
Company to Host H1 2017 Conference Call at 11am ET / 8am PST
GAN plc (“GAN” or the “Group”), a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry, announces its results for the six months ended June 30, 2017.
The full Report and Financial and Operational Review are available on GAN’s website at www.GAN.com.
Operational Overview and Current Developments
Financial Overview
Dermot Smurfit, CEO of GAN commented:
“GAN generated positive clean EBITDA1 in H1 2017, following a substantial multi-year period of investment focused on the US land-based casino Industry. We anticipate this favorable EBITDA trend to continue throughout H2 2017.
The first half of 2017 saw continued growth in recurring revenues driven by the launch of five new clients of Simulated Gaming and strong growth in real money Regulated Gaming markets in the US and Europe.
We remain encouraged by the growth characteristics of Simulated Gaming and have already seen a major up-lift in player activity as we begin to experience the onset of the seasonally strong Fall period.
GAN’s Overseas Internet Casino for one of the largest casino operating groups in the US represents the culmination of GAN’s long-term mission to move land-based US casinos online. This represents an exciting new B2B business for GAN, which will benefit greatly from the client’s marketing investment.
As the numbers illustrate our Group has now moved into sustainable profitability at the clean EBITDA1 level. Growth prospects for Simulated Gaming™ and real money Regulated Gaming continue to offer the Company a viable path to creating significant incremental shareholder value.”
Notes
1. Clean EBITDA is a non GAAP company specific measure and excludes interest, tax, depreciation, amortisation, share based payment expense and other items which the directors consider to be non-recurring and one time in nature
Half-Year Results | Conference Call Details
The GAN management team will host a conference call for analysts & institutional investors at 11am ET / 8am PST.
Please use the following dial in numbers:
US & Canada Participants: 877-407-8629
International Participants: 201-493-6715
The Half Year Results Press Release and Presentation is available to download from the website, www.GAN.com
Half-Year Results | Webcast
The call will also be simultaneously webcast over the Internet via the following link: http://gan.equisolvewebcast.com/h1-results and such link will also be made available in the “Results and Presentations” section of GAN’s website www.GAN.com/investors/results-and-presentations
Note regarding forward-looking statements
This announcement includes forward-looking statements, including statements concerning current expectations about future financial performance and economic and market conditions which GAN believes are reasonable. However, these statements are neither promises nor guarantees, but are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170927006473/en/
GANDermot Smurfit, +44 (0) 20 7292 6262Chief Executive Officerdsmurfit@GAN.comorUS Investors: The Equity GroupAdam Prior, 212-371-8660aprior@equityny.comorUK & Ireland Investors: Walbrook PRPaul Cornelius, +44 20 7933 8780GAN@WalbrookPR.comorDavy (Nominated Adviser, ESM Adviser and Joint Broker)John Frain / Barry Murphy+353 1 679 6363orLiberum (Joint Broker)Neil Patel / Cameron Duncan+44 (0) 20 3100 2000
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