DUBLIN: GAN plc, an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, updated the market following the publication on April 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 March 2019 in New Jersey.
Highlights from the DGE include:
- Internet Gaming Win was $39.1 million in March compared to $25.6 million in the prior year period, reflecting a year-over-year increase of 52.7%.
- Total Internet Sports Wagering Handle (1) was approximately $298.3 million for the month of March 2019, up from $259.0 million in February 2019, but slightly down from $305.0 million in January 2019.
- Internet Sports Wagering Gross Revenues (2) (after payouts) were $24.3 million, up significantly from February’s $12.8 million and January’s $15.5 million.
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 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).