GAN Releases Q2 & Q3 Key Performance Indicators
LONDON & DUBLIN--(BUSINESS WIRE)--Nov 20, 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 1 for the second and third quarters of 2018, highlighting continued strong momentum with the Company trading at record levels in Q3 2018.
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 Q4 2018 will be released in January 2019.
An additional Key Performance Indicator ‘Gross Operator Revenue’ set out below comprises the sum of gross revenue from Simulated Gaming; gross gaming revenue from real money regulated Gaming; and gross sports win from real money regulated Sports betting.
Second Quarter 2018 & Third Quarter 2018 Highlights
Dermot Smurfit, CEO of GAN commented:
“GAN traded at record levels during these past two quarters with significant growth in Q3 driven by the launch of our second New Jersey client of regulated gaming accelerated by the first month of US Internet sports betting in September. The new Key Performance Indicator ‘Gross Operator Revenue’ identifies the GAN-enabled revenues delivered to our clients operating their Simulated Gaming and/or Regulated Gambling business on our technology Platform, in which GAN participates.”
GAN continues 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, 2017 and in 2018. This Quarterly publication discloses the Active Player-Days, Average Revenue Per Active Player-Day (ARPDAU) and Gross Operator Revenue, in which GAN participates worldwide in regulated real money Internet gambling markets and Simulated Gaming™.
GAN | Overview
GAN is a leading B2B supplier of Internet gambling 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 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 betting and/or virtual Simulated Gaming.
GAN has fourteen (14) casino operators as clients of Simulated Gaming coast-to-coast across the US and Internationally; two (2) clients of real money Regulated Gambling in New Jersey; one (1) client of real money Regulated Gambling in Pennsylvania and ten (10) clients of real money Regulated Gambling in Europe.
The Internet Gambling System, developed in London under a UK Gambling Commission license, is certified to the highest technical standards currently required by gambling 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. In May 2018, the US Supreme Court repealed PASPA and in September 2018 GAN launched Internet sports betting in New Jersey, available as an integrated option alongside Internet gaming.
For more information please visit www.GAN.com
FAQ’s about Internet Gambling ‘Platform’, US Sports Betting, Simulated Gaming™ & real money online Regulated Gaming
1 The numbers contained herein are unaudited and derived from GAN’s internal business intelligence reporting systems
View source version on businesswire.com:https://www.businesswire.com/news/home/20181120005315/en/
Chief Executive Officer
+44 (0) 20 7292 6262
US Investors: The Equity Group
UK & Ireland Investors: Walbrook PR
+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
KEYWORD: UNITED KINGDOM EUROPE IRELAND
INDUSTRY KEYWORD: ENTERTAINMENT CASINO/GAMING TECHNOLOGY INTERNET SOFTWARE GENERAL ENTERTAINMENT ONLINE
SOURCE: GAN plc
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PUB: 11/20/2018 07:00 AM/DISC: 11/20/2018 07:01 AM