GAN Reports Strong February 2019 Internet Gambling Growth For New Jersey
15 März 2019 - 8:05AM
Business Wire
Total Internet Gaming Win Increased 44.4%
from prior year monthly period
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 March 13, 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 February 2019 in New Jersey.
Highlights from the DGE include:
- Internet Gaming Win was $31.7 million
in February compared to $22.0 million in the prior year period,
reflecting a year-over-year increase of 44.4%.
- Total Internet Sports Wagering Handle
(1) was approximately $259.0 million for the month of February
2019, slightly down from $305.0 in January 2019, but up from $241.0
million in December of 2018.
- Internet Sports Wagering Gross Revenues
(2) (after payouts) were $12.9 million, compared to January’s $15.5
million and December’s $14.7 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 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. 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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version on businesswire.com: https://www.businesswire.com/news/home/20190315005028/en/
GANDermot SmurfitChief Executive Officer+44 (0) 20 7292
6262dsmurfit@GAN.com
US Investors: The Equity GroupAdam
Prioraprior@equityny.com212.371.8660
UK & Ireland Investors: Walbrook PRPaul
CorneliusGAN@WalbrookPR.com+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
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