GAN Reports Strong May 2019 Internet Gambling Growth For New Jersey

Internet Gaming Win Increased 57.8% from prior year monthly period

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 updated the market
following the publication on June 12, 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 May 2019 in New
Jersey.

Highlights from the DGE include:

  • Internet Gaming Win was $38.3 million in May compared to $24.3 million
    in the prior year period, reflecting a year-over-year increase of
    57.8%.
  • Total Internet Sports Wagering Handle (1) was approximately
    $263.6 million for the month of May, compared to $254.0 million for
    the month of April and $298.3 million for the month of March.
  • Internet Sports Wagering Gross Revenues (2) (after payouts)
    for the month of May were $13.7 million compared to April’s $16.6
    million and March’s $24.3 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 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.

Contacts

GAN
Jameson Wang
Vice President, Investor Relations &
Analytics
jwang@GAN.com
+1
(310) 384-1132

US Investors: The Equity Group
Adam
Prior
aprior@equityny.com
212.371.8660

UK
& Ireland Investors: Walbrook PR

Paul Cornelius
GAN@WalbrookPR.com
+44
20 7933 8780

Davy (Nominated Adviser, Euronext Growth
Advisor and Joint Broker)

John Frain / Barry Murphy
+353 1
679 6363

Liberum (Joint Broker)
Neil Patel /
Cameron Duncan
+44 (0) 20 3100 2000