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 third quarter of 2019, highlighting YoY growth of Internet bets and Internet casino gaming in New Jersey
Management Commentary
Dermot Smurfit, CEO of GAN commented:
“Q3 experienced a year-on-year growth rate experienced in Q25 demonstrates our technology clients' ability to scale to meet the needs of our clients seeking to operate Internet sports betting, at scale, in technically challenging US intra-state markets following the repo of PASPA by the US Supreme Court in May of last year, the XNUMX-year long-standing Federal ban on sports betting.
The third quarter benefits from stronger-than-expected demand for US sports bets during the seasonally weaker months of the NFL Football season in September 5 and continues through to Super Bowl LIII on February 2, 2020.
Exceptional growth rate year on year is exaggerated by (i) mass-market US Internet sports bettors in New Jersey crossing over online Casino before, during and after sports events, which is proving particularly lucrative for GAN; and (ii) faster-than-anticipated ramp-ups of Pennsylvania Internet gamblers, since launch in June 2019, which now has more online gambling than residents of New Jersey, which has been online since November September 2013).
Third 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 202.7 This change was driven by strong growth in real money regulated gambling in the US.
- Active Player-Days at 5.4 is an increase of 59% year-over-year
|
Existing KPIs |
Q3 2018 |
Q4 2018 |
Q1 2019 |
Q2 2019 |
Q3 2019 |
|
Gross Operator Revenue |
$ 26.7M |
$ 41.8M |
$ 59.1M |
$ 54.8M |
$ 80.9M |
|
% Change YoY |
40.20% |
103.90% |
148.32% |
128.33% |
202.68% |
|
% Change QoQ |
11.30% |
56.40% |
41.39% |
-7.28% |
47.31% |
|
|
|
|
|
|
|
|
Active Player-Days |
3,402,065 |
4,618,215 |
5,281,235 |
4,761,209 |
5,400,878 |
|
% Change YoY |
13.50% |
50.60% |
65.61% |
51.97% |
58.75% |
|
% Change QoQ |
8.60% |
35.70% |
14.36% |
-9.85% |
13.47% |
|
|
|
|
|
|
|
|
ARPDAU |
$ 7.85 |
$ 9.05 |
$ 11.20 |
$ 11.52 |
$ 14.97 |
|
% Change YoY |
23.43% |
35.48% |
49.93% |
50.39% |
90.66% |
|
% Change QoQ |
2.50% |
15.20% |
23.76% |
2.86% |
29.83% |
(1) The numbers contained herein are unaudited and derived from GAN's internal business intelligence reporting systems
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
