LONDON & DUBLIN– (BUSINESS WIRE) –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 indicators1 for the second quarter of 2019, highlighting. YoY cross-selling high-reflecting growth demand for internet casino games in the internet in New Jersey.

Management Commentary

Dermot Smurfit, CEO of GAN commented:

“The extraordinary year on year growth rate experienced in Q2 reinforces our confidence in the US strategy implemented by GAN following the repo of PASPA, as well as our technology.

Q2 Internet gambling in Q2 continues to validate our confidence in the US market opportunity and seasonality in QXNUMX was both anticipated and exaggerated by US Internet sports betting.

A dedicated Head of Investor Relations Mr. Jack Wielebinski, has been appointed to lead our US investor relations efforts as well as the implementation of an all-new GAN website before year's end which includes substantial content and features designed to serve existing investors and better-inform prospective investors on GAN's exciting equity stories, products and services. "

Second Quarter 2019 Highlights

This Quarterly publication discloses the Active Player Days, Average Revenue for Active Player Day (ARPDAU) and Gross Operator Revenue, in which GAN participates worldwide in regulated real money Internet gambling markets and Simulated Gaming ™.

  • Gross Operator Revenue, which includes the sum of gross revenue from Simulated Gaming; gross gaming revenue from real money regulated Gaming; and gross sports win from real money regulated Sports betting, increased 128.3% year-over-year and -7.3% quarter-over-quarter to $ 54.8 million. This change was driven by strong growth in real money regulated gambling in the US.
  • Active Player-Days at 4.8 is an increase of 52% year-over-year and decline of -9.9% quarter over quarter.

Existing KPIs

Q2 2018

 

Q3 2018

 

Q4 2018

 

Q1 2019

 

Q2 2019

Gross Operator Revenue

$ 24.0M

 

$ 26.7M

 

$ 41.8M

 

$ 59.1M

 

$ 54.8M

% Change YoY

32.20%

 

40.20%

 

103.90%

 

148.32%

 

128.33%

% Change QoQ

0.80%

 

11.30%

 

56.40%

 

41.39%

 

-7.28%

 

 

 

 

 

 

 

 

 

 

Active Player-Days

3,133,054

 

3,402,065

 

4,618,215

 

5,281,235

 

4,761,209

% Change YoY

20.50%

 

13.50%

 

50.60%

 

65.61%

 

51.97%

% Change QoQ

-1.80%

 

8.60%

 

35.70%

 

14.36%

 

-9.85%

 

 

 

 

 

 

 

 

 

 

ARPDAU

$ 7.66

 

$ 7.85

 

$ 9.05

 

$ 11.20

 

$ 11.52

% Change YoY

9.74%

 

23.43%

 

35.48%

 

49.93%

 

50.39%

% Change QoQ

2.60%

 

2.50%

 

15.20%

 

23.76%

 

2.86%

  1. The numbers contained herein are unaudited and derived from GAN's internal business intelligence reporting systems

Company Schedules 2019 First Half Financial Results

June 30, 2019 on September 27, 2019.

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).

For more information please visit www.GAN.com.

Contacts

GAN
Jack Wielebinski
Head of Investor Relations
jwielebinski@GAN.com

US Investors: The Equity Group
Adam Prior
aprior@equityny.com
+1 212 371-8660

UK & Ireland Investors: Walbrook PR
Paul Cornelius
GAN@WalbrookPR.com
+44 20 7933 8780

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

Source BUSINESS WIRE