GAN Reports Strong April 2019 Internet Gambling Growth For New Jersey
May 15 2019 - 2:05AM
Business Wire
Total Internet Gaming Win Increased 58.9%
from prior year monthly period
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 May 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 April 2019 in New Jersey.
Highlights from the DGE include:
- Internet Gaming Win was $36.6 million
in April compared to $23.0 million in the prior year period,
reflecting a year-over-year increase of 58.9%.
- Total Internet Sports Wagering Handle
(1) was approximately $254.0 million for the month of April
compared to $298.3 million for the month of March and $259.0 in the
month of February 2019.
- Internet Sports Wagering Gross Revenues
(2) (after payouts) for the month of April were $16.6 million,
compared to March’s $24.3 million and February’s $15.5 million
- Combined (3) Internet Gambling Revenues
were $53.1 million for the month compared to $63.4 million in the
previous month, but up 131% on a year-over-year basis when compared
to April 2018
(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 (3) Combined
revenue includes casino games, poker and sports
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) and on
Euronext Dublin (Euronext Growth: GAME).
For more information please visit www.GAN.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190514006124/en/
GANJameson WangVice President, Investor Relations &
Analytics+1 (310) 384-1132jwang@GAN.com
US Investors: The Equity GroupAdam
Prioraprior@equityny.com212.371.8660
UK & Ireland Investors: Walbrook PRPaul
CorneliusGAN@WalbrookPR.com+44 20 7933 8780
Davy (Nominated Adviser, Euronext Growth Advisor 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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