Archives for January 2020
London | January 31, 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, has agreed to supply its Simulated Gaming software to the Snoqualmie Indian Tribe (the “Client”), with new services anticipated to launch to customers in H1 2020.
The Snoqualmie Indian Tribe owns and operates the Snoqualmie Casino located in Snoqualmie, Washington, about 25 miles east of Seattle. The casino features a 51,000-square-foot gaming floor, offering 54 classic table games and 1,700 slot machines, and is a sponsor and branding partner of the Seattle Seahawks, its local NFL team. The agreement with GAN will enable the Client to provide an expanded suite of online gaming and services throughout the region and beyond.
London | January 31, 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 provided a trading update ahead of its preliminary results for the year ended December 31, 2019 (FY 2019).
2019 Financial Highlights
Trading for FY 2019 is expected to be ahead of market expectations with year-over-year revenue growth in the range of between 115% and 120% and year-over-year EBITDA1 margin in the range of between 30% and 35%, which compares to prior-year EBITDA1 margin of -14%. GAN ended FY 2019 with a strong, debt-free balance sheet and positive cash flow for the year.
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.
London | January 15, 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 14, 2020, by New Jersey’s Division of Gaming Enforcement (“DGE”) of Internet gaming and Internet sports betting financial information for the calendar month of December 2019 in New Jersey.
London | January 13, 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 announced the appointment of Mrs. Karen Flores as Chief Financial Officer, effective immediately. In this role, Mrs. Flores will be responsible for finance, strategic planning, treasury, tax and accounting and will be based at the Company’s offices in Irvine, CA.
London – January 6, 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 announced the release of quarterly key performance indicators
[1] for the fourth quarter of 2019, highlighting continued YoY growth reflecting high demand for Internet sports betting and Internet casino gaming in both New Jersey and the State of Pennsylvania together with high demand in Indiana for Internet sports betting (launched during the quarter).
