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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gan Plc | LSE:GAN | London | Ordinary Share | GB00BGCC6189 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 225.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Continued Strong Growth from its core US market and Simulated Gaming
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 announced the release of quarterly key performance indicators1 for the third quarter of 2017. This allows the US and global institutional investment community to properly track progress of GAN’s diverse business on a quarterly basis.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171205005494/en/
(Photo: Business Wire)
Over the past fifteen months, GAN has begun to increase its institutional outreach to the United States, where the Company conducts the predominant portion of its business activities. The expanded financial information flow supports the increasing number of suitably-qualified US institutional investors who engaged with GAN’s equity story in late 2016 and 2017 to date. This Quarterly publication discloses the Active Player-Days and Average Revenue Per Active Player-Day (ARPDAU), in which GAN participates worldwide in regulated real money Internet gaming markets and Simulated Gaming™.
Key Performance Indicators for Q4 2017 and CY2017 will be released with GAN’s full year CY2017 financial results on or before March 31, 2018. The composition and nature of GAN’s Key Performance Indicators will be reviewed by the US-based CFO anticipated to join GAN in early 2018.
Quarterly KPIs Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Active Player-Days 1,700,908 2,037,233 2,227,905 2,600,842 2,996,914 % Change - -- +19.8% +9.4% +16.7% +15.2% ARPDAU $7.09 $7.42 $7.69 $6.98 $6.36 % Change - -- +4.6% +3.6% -9.2% -8.9%Third Quarter 2017 Highlights
Management Commentary
Dermot Smurfit, CEO of GAN commented:
“Five successive quarters of growth more recently driven by Simulated Gaming in the Company’s key market of the US. Overall ‘GAN-enabled revenue’ in which GAN participates increased +5% in Q3 2017 over Q2 2017. Moving ‘bricks & mortar’ US casinos online with GAN’s Simulated Gaming continued to deliver growth quarter on quarter despite the full impact of Summer seasonality which generally reduces players’ levels of online engagement and propensity to spend money.”
FAQ’s about GAN’s Simulated Gaming™ & real money online Regulated Gaming
GAN | Overview
GAN is a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry. GAN is listed on the ESM Market of the Irish Stock Exchange and the AIM Market of the London Stock Exchange under the ticker: GAN
The Company has developed an Internet gaming enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for both regulated real-money and/or virtual Simulated Gaming. GAN has thirteen (13) casino operators as clients of Simulated Gaming principally in US; two (2) clients of real money Regulated Gaming in New Jersey; and ten (10) clients of real money Regulated Gaming in Europe.
The Internet Gaming System, developed in London under a UK Gambling Commission license, is certified to the highest technical standards currently required by gaming regulators.
In April 2017 GAN was granted a Casino Service Industry Enterprise license by the New Jersey Division of Gaming Enforcement being GAN’s first privileged gaming license in the United States.
For more information please visit www.GAN.com
______________________1 The numbers contained herein are unaudited and derived from GAN’s internal business intelligence reporting systems
View source version on businesswire.com: http://www.businesswire.com/news/home/20171205005494/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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