GAN PLC GAN Announces June 2019 New Jersey Update (7562F)

TIDMGAN

RNS Number : 7562F

GAN PLC

17 July 2019

LONDON STOCK EXCHANGE (LSE): GAN

GAN Reports Strong June 2019 Internet Gambling

Growth For New Jersey

Internet Gaming Win Increased 67.8% from prior year monthly period

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 for the month of June, compared to:

   -    $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 $13.7 million for the month of May;

o $16.6 million for the month of April; and

o $24.3 million for the month of March.

   (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, GameSTACK(TM), 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 
      Dermot Smurfit                   Adam Prior 
 Chief Executive Officer          [e-mail] 
   [phone]               212.371.8660 
     [e-mail] 
                            UK & Ireland Investors: Walbrook 
                                           PR 
                                     Paul Cornelius 
                                   [e-mail] 
                                    [phone] 
 
 
  Davy (Nominated Adviser 
     and Joint Broker) 
    John Frain / Barry 
           Murphy 
      [phone] 
   Liberum (Joint Broker) 
   Neil Patel / Cameron 
           Duncan 
   [phone] 
 

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July 17, 2019 02:00 ET (06:00 GMT)