GAN Reports Strong January 2019 Internet Gambling Growth For New Jersey

Total Internet Gaming Win Increased 53.0% 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 February 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 January
2019 in New Jersey.

Highlights from the DGE include:

  • Internet Gaming Win was $33.6 million in January compared to $22.0
    million in the prior year period, reflecting a year-over-year increase
    of 53.0%.
  • Total Internet Sports Wagering Handle (1) was approximately
    $305.0 million for the month of January 2019, a significant increase
    from $241.0 million in December 2018 and $238.6 million in November
    2018.
  • Internet Sports Wagering Gross Revenues (2) (after payouts)
    were $15.5 million, compared to December’s $14.7 million and
    November’s $14.5 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 the Irish
Stock Exchange (ISE: GAME).

For more information please visit www.GAN.com.

Contacts

GAN
Dermot Smurfit
Chief Executive Officer
+44 (0)
20 7292 6262
[email protected]

US Investors: The Equity Group
Adam Prior
[email protected]
212.371.8660

UK & Ireland Investors: Walbrook PR
Paul Cornelius
[email protected]
+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

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