GAN Reports September 2019 Internet Gambling Growth For Pennsylvania
October 18 2019 - 7:00AM
Business Wire
Internet Gambling Win Increased 95.5% from
August
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 October 17, 2019,
by the Pennsylvania Gaming Control Board (“PGCB”) of Internet
gaming and Internet sports betting financial information for the
calendar month of September 2019 in Pennsylvania.
Highlights from the PGCB include:
- Internet Gaming Win was $6.0 million in September, compared to
$4.0 million in the prior sequential month, reflecting an increase
of 48.2%.
- Total Internet Sports Wagering Handle(1) was approximately
$153.6 million for the month of September, compared to:
- $83.2 million for the month of August;
- $39.0 million for the month of July;
and
- $19.3 million for the month of June.
- Internet Sports Wagering Gross Revenues(2) (after payouts) for
the month of September were $13.4 million, compared to:
- $6.3 million for the month of August;
- $2.9 million for the month of July; and
- $1.4 million for the month of June.
- Gross amount of money accepted in wagers
- 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 PGCB, in order to enable the investor
community to readily monitor growth of Internet gambling in
Pennsylvania, 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/20191018005104/en/
GAN Jack Wielebinski Head of Investor Relations +1 214
799 4660 jwielebinski@GAN.com US Investors: The Equity Group
Adam Prior aprior@equityny.com +1 212 371 8660 UK & Ireland
Investors: Newgate Communications Adam Lloyd Giles Croot
GAN@Newgatecomms.com +44 (0) 20 3757 6880 Davy (Nominated
Adviser and Joint Broker) John Frain / Barry Murphy +353 (0)
679 6363 Liberum (Joint Broker) Neil Patel / Cameron Duncan
+44 (0) 20 3100 2000
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