GAN Reports Strong June 2019 Internet Gambling Growth For New Jersey
17 July 2019 - 9:00PM
Business Wire
Internet Gaming Win Increased 67.8% from
prior year monthly period
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 million 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:
- $13.7 million for the month of May;
- $16.6 million for the month of April; and
- $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™, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190717005165/en/
For further information: GAN Dermot Smurfit Chief
Executive Officer +44 (0) 20 7292 6262 dsmurfit@GAN.com
US Investors: The Equity Group Adam Prior
aprior@equityny.com 212.371.8660
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
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