GAN PLC Strong PA Gambling Growth for September 2019 (3539Q)
October 18 2019 - 2:00AM
UK Regulatory
TIDMGAN
RNS Number : 3539Q
GAN PLC
18 October 2019
LONDON STOCK EXCHANGE (LSE): GAN
GAN Reports September 2019 Internet Gambling Growth For
Pennsylvania
Internet Gambling Win Increased 95.5% from August
London - October 18, 2019: 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.
(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 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(TM), 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.
For further information please contact:
GAN US Investors: The Equity Group
Jack Wielebinski Adam Prior
Head of Investor Relations aprior@equityny.com
+1 214 799 4660 +1 212 371 8660
jwielebinski@GAN.com
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
UPDUWUVRKVARARA
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October 18, 2019 02:00 ET (06:00 GMT)
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