Stay Informed.News

PA Gambling Growth for December 2019

17 January, 2020
LONDON STOCK EXCHANGE (LSE): GAN
 
GAN Reports December 2019 Internet Gambling Growth For Pennsylvania
Internet Gambling Win Decreased 6.8% from November
 
London | January 17, 2020: 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 January 16, 2020, by the Pennsylvania Gaming Control Board (“PGCB”) of Internet gaming and Internet sports betting financial information for the calendar month of December 2019 in Pennsylvania. 
 
Highlights from the PGCB include:
  • Internet Gaming Win was $10.6 million in December, reflecting an increase of 10.0% from the prior sequential month. This compares to:
    • $9.7 million for the month of November;
    • $4.9 million for the month of October; and
    • $4.1 million for the month of September.
  • Total Internet Sports Wagering Handle(1) was approximately $297.4 million for the month of December, compared to:
    • $266.7 million for the month of November;
    • $198.7 million for the month of October; and
    • $158.2 million for the month of September.
  • Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of December were $14.5 million, compared to:
    • $17.3 million for the month of November;
    • $14.5 million for the month of October; and
    • $13.7 million for the month of September.
 
  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™, 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).
 
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  
Carolyne Sohn
csohn@equityny.com
+1 415 568 2255
 
  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 1 679 6363  
   
Liberum (Joint Broker)
 
  Neil Patel / Cameron Duncan  
  +44 (0) 20 3100 2000  
 

Recent News

2 February, 2021
GAN Announces New Simulated Client: Seneca

GAN announces new simulated gaming client, Seneca Gaming Corporation. 

Dowload the full release in PDF here:

GAN _ Seneca SIM GAM Launch - FINAL CLEAN.pdf

Read Full Article
22 January, 2021
GAN Announces Multiple Client Launches in Michigan

Irvine, California | January 22, 2021: GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading full-service internet gaming software-as-a-service provider to the real money internet gaming and online sports betting industries, announced that today is the commencement date for Michigan’s internet gambling market and GAN’s three related client launches: Churchill Downs, Wynn Resorts, and FanDuel Group. Earlier this week, the Michigan Gaming Control Board approved nine Business-to-Consumer (“B2C”) operators to launch today, in time for the Super Bowl. GAN is powering three of those nine, which are all leveraging GAN’s technical platform for internet sports betting and/or internet casino gaming. According to Regulus Partners and Macquarie Research, the state of Michigan is expected to generate $439 million in Gross Operator Revenue during the balance of 2021, increasing to $724 million in 2022 and $969 million in 2023.
Today GAN simultaneously launched three operator clients online in Michigan, including FanDuel Group’s online casino and two new GAN clients, Churchill Downs and Wynn Resorts, secured in June and September 2020, respectively.

Read Full Article
15 January, 2021
GAN To Participate in Needham Virtual Growth Conference

Irvine, California | January 15, 2021: GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading full-service internet gaming software-as-a-service provider to the real money Internet gaming and online sports betting industries, today announced that senior management will participate in the 23rd Annual Needham Virtual Growth Conference on Friday, January 15, 2021. The team will be conducting one-on-one and group meetings with investors that attend the conference. All support materials, including an investor presentation that will be used at the conference, will be available to investors on the investor relations section of the Company’s website before the conference begins.

Read Full Article
Top of page