GAN PLC Q4 2017 Key Performance Indicators (1028D)
27 January 2018 - 2:30AM
UK Regulatory
TIDMGAN
RNS Number : 1028D
GAN PLC
26 January 2018
LONDON STOCK EXCHANGE (LSE): GAN | IRISH STOCK EXCHANGE (ISE):
GAME
Q4 2017 Key Performance Indicators
Continued Growth driven by real money Regulated Gaming
London & Dublin | January 26, 2018: 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 indicators for the fourth quarter of
2017, highlighting continued strong momentum with the Company
breaking through three million active player days for the first
time with Average Revenue Per Active Player-Day (ARPDAU) returning
to growth following decreases in the previous two quarters as a
result of increased growth in real money Regulated Gaming relative
to Simulated Gaming.
Today's update allows the US and global institutional investment
community to properly track progress of GAN's diverse business on a
quarterly basis.
Key Performance Indicators for Q1 2018 will be released in April
2018.
Quarterly Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017
KPIs
-------------- ---------- ---------- ---------- ---------- ---------- ----------
Active
Player-Days 1,700,908 2,037,233 2,227,905 2,600,842 2,996,914 3,066,920
-------------- ---------- ---------- ---------- ---------- ---------- ----------
% Change - -- +19.8% +9.4% +16.7% +15.2% +2.3%
-------------- ---------- ---------- ---------- ---------- ---------- ----------
ARPDAU $7.09 $7.42 $7.69 $6.98 $6.36 $6.68
-------------- ---------- ---------- ---------- ---------- ---------- ----------
% Change - -- +4.6% +3.6% -9.2% -8.9% +5.1%
-------------- ---------- ---------- ---------- ---------- ---------- ----------
Fourth Quarter 2017 Highlights
-- Sixth successive Quarter of growth in Active Player-Days.
-- +2.3% Quarter-on-Quarter growth in Active Player-Days in Q4
2017 over Q3 2017 to 3,066,920 Active Player-Days.
-- +5.1% Quarter-on-Quarter increase in Average Revenue Per
Daily Active User in Q4 2017 over Q3 2017 to $6.68 reflecting
strong growth in real money Regulated Gaming.
Management Commentary
Dermot Smurfit, CEO of GAN commented:
"Our sixth successive quarter of growth continues to demonstrate
the sustained progress GAN has made in developing our market
position in the US focusing on real money Regulated Gaming in New
Jersey and Simulated Gaming for clients coast-to-coast across
America supported by substantial organic growth in Italy, one of
Europe's largest regulated markets for Internet gambling."
Over the past eighteen 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. 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(TM).
For further information please contact:
GAN US Investors: The Equity
Group
Dermot Smurfit Adam Prior
Chief Executive Officer aprior@equityny.com
+44 (0) 20 7292 6262 212.371.8660
dsmurfit@GAN.com
UK & Ireland Investors:
Walbrook PR
Paul Cornelius
GAN@WalbrookPR.com
+44 20 7933 8780
Davy (Nominated
Adviser, ESM Adviser
and Joint Broker)
John Frain / Barry
Murphy
+353 1 679 6363
Liberum (Joint
Broker)
Neil Patel / Cameron
Duncan
+44 (0) 20 3100
2000
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(TM), 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
FAQ's about GAN's Simulated Gaming(TM) & real money online
Regulated Gaming
-- 96% of Americans cannot legally play online casino games for
real money. Launched in the US by GAN in January of 2014, Simulated
Gaming(TM) allows these Americans to engage with a realistic
for-entertainment-only online casino. American players may open an
account online and purchase virtual credits with real money in
order to extend their time playing their favourite casino games
online. American casino patrons frequently cite 'practising at home
online before visiting the casino' as a major reason for playing
casino gaming online, despite not being permitted to win real
money.
-- Supported by GAN's 270 months of operating data across
thirteen (13) major US casinos' deployments, Simulated Gaming(TM)
has repeatedly proven to drive increased visitation back to the
casino and is proven to increase property visitation among existing
patrons, reactivate lapsed patrons bringing them back to the casino
and drive acquisition of new patrons from outside the typical drive
distance to the property.
-- Real money online Regulated Gaming for GAN comprises
wholly-regulated and US-compliant Internet gaming where end user
players resident in wholly-legal jurisdictions deposit & wager
real money while playing casino games online. GAN received its
first full US gaming licence in April 2017 awarded by the State of
New Jersey. GAN's Regulated Gaming business activities are centred
on the UK and Italy in Europe and the State of New Jersey in the US
with preparations for real money regulated Internet gaming in
Pennsylvania already underway following the passage into law of
enabling legislation on October 30, 2017.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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