GAN Reports Strong March 2019 Internet Gambling Growth For New Jersey
LONDON & DUBLIN--(BUSINESS WIRE)--Apr 15, 2019--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 April 12, 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 March 2019 in New Jersey.
Highlights from the DGE include:
- Internet Gaming Win was $39.1 million in March compared to $25.6 million in the prior year period, reflecting a year-over-year increase of 52.7%.
- Total Internet Sports Wagering Handle (1) was approximately $298.3 million for the month of March 2019, up from $259.0 million in February 2019, but slightly down from $305.0 million in January 2019.
- Internet Sports Wagering Gross Revenues (2) (after payouts) were $24.3 million, up significantly from February’s $12.8 million and January’s $15.5 million.
|(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) and on Euronext Dublin (Euronext Growth:GAME).
For more information please visit www.GAN.com.
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VP Investor Relations & Analytics
US Investors: The Equity Group
UK & Ireland Investors: Walbrook PR
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KEYWORD: UNITED KINGDOM UNITED STATES EUROPE NORTH AMERICA NEW JERSEY IRELAND
INDUSTRY KEYWORD: ENTERTAINMENT CASINO/GAMING
SOURCE: GAN plc
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PUB: 04/15/2019 02:00 AM/DISC: 04/15/2019 02:00 AM