LONDON & DUBLIN–(BUSINESS WIRE)–
GAN plc (“GAN” or the “Firm”), an award-winning developer and provider of enterprise-level B2B Web gambling software program, companies and online gaming content material in the US, will maintain its Annual Basic assembly right this moment at midday right this moment at 20 Warwick Road, London W1B 5NF.
On the assembly GAN’s Chief Government Officer, Dermot Smurfit, will make the next assertion:
“Since final yr’s AGM, GAN has been firmly centered on profiting from the incremental U.S. Web sports activities betting alternative which we launched online in New Jersey in September 2018. Since launch, sports activities betting has pushed substantial will increase in our purchasers’ revenues, wherein GAN participates. We additionally ready to launch Web gambling in Pennsylvania for the biggest retail operator, Parx On line casino, in addition to extending our relationship with FanDuel Group, the U.S. arm of Flutter Leisure plc (previously Paddy Energy Betfair plc) to quickly deploy our Platform in chosen further U.S. States. 2018 was clearly due to this fact a pivotal yr for GAN.
“For the reason that starting of 2019, now we have witnessed the speedy and accelerating regulation of Web gambling in different U.S. States together with Montana, Indiana, Iowa, Tennessee and Illinois. At present, fifty-eight million (58M) People, representing practically twenty p.c (20%) of the complete U.S. inhabitants now have laws in place allowing a number of types of Web gambling. Moreover, Trade analysts imagine greater than half of all People might be permitted to gamble online on account of accelerating incremental State-by-State regulation inside just some extra years.
“This regulatory driver clearly creates a singular alternative for GAN to leverage years of funding growing and optimizing its best-in-class expertise and offers an surroundings to maximise the fairness worth of its distinctive U.S. trade place as a really distinctive enterprise software program expertise Platform enabling regulated intra-State online gambling throughout America.
“Lastly, we’re particularly happy with our monetary efficiency to this point, constructing on the momentum achieved throughout the first quarter, throughout which we generated report revenues. All of the Firm’s operational KPI’s proceed to development positively and due to this fact stay excited by the potential for the rest of the yr, beginning with the upcoming launch of Parx On line casino in Pennsylvania.
“In conclusion, 2018 was a pivotal yr for GAN, and we firmly imagine 2019 might be one other yr of super operational and monetary progress and I look ahead to updating shareholders with our monetary outcomes for the primary half of the present monetary yr sooner or later.”
About GAN Plc
GAN is a number one business-to-business (“B2B”) provider of web gambling software-as-a-service options (“SaaS”) to the US land-based casino trade. The Firm has developed a proprietary web gambling enterprise software program system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey expertise answer for regulated real-money web gambling, encompassing web gaming, web sports activities gaming and digital Simulated Gaming. The Firm has additionally launched digital consumer acquisition & retention advertising and marketing in help of the Web On line casino (https:// casino.winstar.com) supplied by GAN’s Digital Advertising Company in Tel Aviv, Israel.
GAN is listed on the London Inventory Trade (GAN.L). For extra info please go to www.GAN.com.