GAN Reports Strong February 2019 Internet Gambling Growth For New Jersey

Total Internet Gaming Win Increased 44.4% 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 gaming software, services and
online gaming content in the United States, today updated the market
following the publication on March 13, 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 February 2019 in
New Jersey.

Highlights from the DGE include:

  • Internet Gaming Win was $31.7 million in February compared to $22.0
    million in the prior year period, reflecting a year-over-year increase
    of 44.4%.
  • Total Internet Sports Wagering Handle (1) was approximately
    $259.0 million for the month of February 2019, slightly down from
    $305.0 in January 2019, but up from $241.0 million in December of 2018.
  • Internet Sports Wagering Gross Revenues (2) (after payouts)
    were $12.9 million, compared to January’s $15.5 million and December’s
    $14.7 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 such as the Super Bowl
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
Dermot Smurfit
Chief Executive Officer
+44 (0)
20 7292 6262
dsmurfit@GAN.com

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, 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