GAN PLC New Jersey December Update (0753N)

TIDMGAN

RNS Number : 0753N

GAN PLC

15 January 2019

LONDON STOCK EXCHANGE (LSE): GAN | IRISH STOCK EXCHANGE (ISE): GAME

GAN Reports Strong December 2018 Internet Gambling

Growth For New Jersey

Total Internet Gaming Win Increased 39.7% from prior year monthly period

London & Dublin | January 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.

   (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 such as the Super Bowl 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) and on the Irish Stock Exchange (ISE: GAME).

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, 
    ESM Adviser and Joint 
           Broker) 
     John Frain / Barry 
           Murphy 
      [phone] 
   Liberum (Joint Broker) 
    Neil Patel / Cameron 
           Duncan 
    [phone] 
 

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January 15, 2019 02:00 ET (07:00 GMT)