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London & Dublin - January 17, 2019: GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gaming 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 2018, highlighting exceptionally strong momentum with all business units of the Company (Real-Money Gaming, Simulated Gaming, Online Sports Betting) operating at record levels in Q4 2018.
 
Management Commentary
Dermot Smurfit, CEO of GAN commented:
 
“Internet Sports betting in New Jersey drove exceptional growth of Gross Operator Revenue in the last quarter of 2018 with a significant positive impact on Casino revenues from cross-selling casino games to sports gamblers.”
 
Fourth Quarter 2018 Highlights
This Quarterly publication discloses the Active Player-Days, Average Revenue Per 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 comprises 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 103.9% year-over-year and 56.4% quarter-over-quarter to $41.8 million.  This increase was driven by strong growth in real money regulated gambling in the US and Europe.

• Active Player-Days increased to 4.6 million, an increase of 50.6% year-over-year and 35.7% quarter over quarter.
• Exceptional growth experienced in New Jersey driven regulated Internet Sports betting.

 

Existing KPIs	Q4 2017	Q1 2018	Q2 2018	Q3 2018	Q4 2018
Gross Operator Revenue	$20.5M	$23.8M	$24.0M	$26.7M	$41.8M
% Change YoY	+35.6%	+39.0%	+32.2%	+40.1%	+103.9%
% Change QoQ	+7.6%	+16.2%	+0.8%	+11.3%	+56.4%
Active Player-Days	3,066,920	3,194,907	3,133,054	3,402,065	4,618,215
% Change YoY	+50.5%	+43.4%	+20.5%	+13.5%	+50.6%
% Change QoQ	+2.3%	+4.2%	-1.9%	+8.6%	+35.7%
ARPDAU	$6.68	$7.55	$7.66	$7.85	$9.05
% Change	+5.1%	+12.9%	+2.8%	+2.5%	+15.2%

 
Mr. Jameson Wang joined the Company on January 7, 2019 in the new role of Vice President of Analytics and Investor Relations and can be reached on jwang@GAN.com.
 
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 the Irish Stock Exchange (ISE: GAME).
 
For more information please visit www.GAN.com.
 
For further information please contact:
 

GAN	US Investors: The Equity Group
Dermot Smurfit	Adam Prior
Chief Executive Officer	aprior@equityny.com
+44 (0) 20 7292 6262	+1(212)371-8660
dsmurfit@GAN.com
	UK & Ireland Investors: Walbrook PR
	Paul Cornelius
	GAN@WalbrookPR.com
	+44 20 7933 8780

 

	Davy (Nominated Adviser, ESM Adviser and Joint Broker)
	John Frain / Barry Murphy
	+353 1 679 6363
	Liberum (Joint Broker)
	Neil Patel / Cameron Duncan
	+44 (0) 20 3100 2000