GAN Reports Strong November Internet Gambling Growth for New Jersey
December 13 2018 - 2:01AM
Business Wire
Total Internet Gaming Win increased 30.7%
from prior year monthly period
Total Internet Sports Wagering Handle
increased 36.8% From October 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 updated the
market following the publication on December 12, 2018 by the New
Jersey’s Division of Gaming Enforcement (“DGE”) of Internet gaming
and Internet sports betting financial information for the calendar
month of November 2018 in New Jersey.
Highlights from the DGE include:
- Internet Gaming Win was $26.9 million
in November compared to $20.6 million in the prior year period,
reflecting a year-over-year increase of 30.7%.
- Total Internet Sports Wagering
Handle(1) was approximately $238.6 million for the month of
November 2018, an increase of 36.8% from $174.4 million in October
2018.
- Sports Wagering Gross Revenues(2)
(after payouts) were $21.2 million, compared to October’s $11.7
million, for a month-over-month increase of 81.2%.
(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 such as the Super Bowl 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.
GAN is listed on the London Stock Exchange (LSE: GAN) and on the
Irish Stock Exchange (ISE: GAME).
For more information please visit www.GAN.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20181212005921/en/
GANDermot SmurfitChief Executive Officer+44 (0) 20 7292
6262dsmurfit@GAN.comUS Investors: The Equity GroupAdam
Prioraprior@equityny.com212.371.8660UK & Ireland Investors:
Walbrook PRPaul CorneliusGAN@WalbrookPR.com+44 20 7933
8780Davy (Nominated Adviser, ESM Adviser and Joint
Broker)John Frain / Barry Murphy+353 1 679 6363Liberum
(Joint Broker)Neil Patel / Cameron Duncan+44 (0) 20 3100
2000
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