GAN PLC GAN Announces June 2019 New Jersey Update (7562F)
17 July 2019 - 4:00PM
UK Regulatory
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 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
and Joint Broker)
John Frain / Barry
Murphy
+353 1 679 6363
Liberum (Joint Broker)
Neil Patel / Cameron
Duncan
+44 (0) 20 3100 2000
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCGGUWAMUPBPGQ
(END) Dow Jones Newswires
July 17, 2019 02:00 ET (06:00 GMT)
GAN (NASDAQ:GAN)
Historical Stock Chart
From Apr 2024 to May 2024
GAN (NASDAQ:GAN)
Historical Stock Chart
From May 2023 to May 2024
