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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