10801 West Charleston Boulevard, Suite 125
Las Vegas, NV 89135 United States
Phone: 702-988-8446
Website: http://www.gan.com

Key Personnel

Dermot Smurfit - CEO
Des Glass - CFO
Simon Knock - COO
Michael Daly - Executive VP - Systems
Dana Takrudtong - VP Sales

About GAN

When your organization is looking to deploy social gaming, real money gaming, or unique in-casino mobile experiences to your players' hands, GAN (formerly GameAccount Network) has the solution.  With over thirteen years of experience as a Business-to-Business provider to the iGaming sector, GAN's team of engineers, marketers, and product experts tailor solutions to our partners' needs.

GAN is a leading developer and supplier of enterprise-level Business-to-Business iGaming systems, online gaming content, and provider of supporting managed services operating with the highest levels of probity. GAN's expansive global network of operator partners represent some of the largest commercial and tribal gaming enterprises in the gaming sector - selecting GAN for our real-time, CMS integrated social and real money solutions which increase loyalty and drive convergence between the online and offline worlds.

In 2015 eGaming Review North America recognized GAN's GameSTACK™ as the Casino Platform (supplier) of the Year, and in 2014, GAN received our fourth award from eGaming Review for the category B2B Skill Game Supplier of the Year. GAN started its award winning history with recognition from eGR as the 2006 Product Innovation of the Year.  With a consistent schedule of exciting innovations and player experiences ahead, GAN looks forward to continuing to deliver award winning innovations to our partners.

GAN Videos and Product Demos

Latest News

GAN Reports Strong November 2019 Internet Gambling Growth For New Jersey

London | December 13, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today updated the market following the publication on December 12, 2019, by New Jersey's Division of Gaming Enforcement ("DGE") of Internet gaming and Internet sports betting financial information for the calendar month of November 2019 in New Jersey.

Highlights from the DGE include:

· Internet Gaming Win was $49.1 million in November compared to $26.9 million in the prior year period, reflecting a year-over-year increase of 82.4%.

· Total Internet Sports Wagering Handle(1) was approximately $486.8 million for the month of November, compared to:

- $417.0 million for the month of October 2019;

- $374.2 million for the month of September 2019; and

- $249.2 million for the month of August 2019.

· Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of November were $27.8 million, compared to $14.4 million in November 2018, reflecting a year-over-year increase of 92.4%, and is further comparable to:

o $38.7 million for the month of October 2019;

o $29.4 million for the month of September 2019; and

o $19.2 million for the month of August 2019.

(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 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.

GAN Reports October 2019 Internet Gambling Growth For Pennsylvania

London | November 19, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today updated the market following the publication on November 18, 2019, by the Pennsylvania Gaming Control Board ("PGCB") of Internet gaming and Internet sports betting financial information for the calendar month of October 2019 in Pennsylvania.

Highlights from the PGCB include:

· Internet Gaming Win was $4.9 million in October, reflecting an increase of 19.5% from the prior sequential month.(1) This compares to:

- $4.1 million for the month of September;

- $3.4 million for the month of August; and

- $0.8 million for the month of July.

· Total Internet Sports Wagering Handle(2) was approximately $198.7 million for the month of October, compared to:

- $158.2 million for the month of September;

- $83.2 million for the month of August; and

- $39.0 million for the month of July.

· Internet Sports Wagering Gross Revenues(3) (after payouts) for the month of September were $14.5 million, compared to:

- $13.7 million(4) for the month of September;

- $6.3 million for the month of August; and

- $2.9 million for the month of July.



(1) Internet Gaming Win was misstated in the Company's previous press releases concerning Pennsylvania market data and has been adjusted accordingly in this announcement.

(2) Gross amount of money accepted in wagers

(3) Internet Sports Wagering Gross Revenues may vary from month to month due to the payouts for future events occurring months after the original wager was made and unredeemed winning wagers from prior months will become deductible upon redemption in future months

(4) This number was understated as $13.4 million in GAN's press release dated October 18, 2019, as it excluded gross revenues of $268,844 from Mount Airy casino.

This information will be updated and published each month, following publication by the PGCB, in order to enable the investor community to readily monitor growth of Internet gambling in Pennsylvania, 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).

For more information please visit www.GAN.com.

Contacts

GAN 
Jack Wielebinski 
Head of Investor Relations 
jwielebinski@GAN.com 
+1 214 799 4660 

US Investors: The Equity Group 
Adam Prior 
aprior@equityny.com 
+1 212 371 8660 

UK & Ireland Investors: Newgate Communications 
Adam Lloyd 
Giles Croot 
GAN@Newgatecomms.com 
+44 (0) 20 3757 6880 

Davy (Nominated Adviser and Joint Broker) 
John Frain / Barry Murphy 
+353 1 679 6363 

Liberum (Joint Broker) 
Neil Patel / Cameron Duncan 
+44 (0) 20 3100 2000

GAN Appoints B. Riley FBR to lead U.S. Listing

London | November 18, 2019: GAN plc (LSE: GAN), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content (“GAN” or “the Company”), has appointed B. Riley FBR, Inc. a subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY) as the Company’s lead banking adviser as part of the Company’s planned reorganization and listing on a recognized investment exchange in the United States.

This key appointment is made by the Company in pursuit of its stated equity capital markets strategy of making GAN’s equity readily available to the U.S. investor community, to improve liquidity and maximize shareholder value.

The Company’s Board of Directors selected B. Riley FBR based on its demonstrated capital markets track record working with emerging U.S. public companies in the technology sector, including Software-as-a-Service vendors. The Company’s Board of Directors believes B. Riley FBR is ideally suited to support the Company’s achievement of its U.S. listing objective.

The Company does not intend to disclose or comment further on developments related to its U.S. listing unless and until the Board of Directors of GAN has approved a specific transaction or has otherwise determined that further disclosure is appropriate in consultation with its legal and financial advisors. There can be no assurance that the U.S. listing process will result in any particular outcome. Shareholders are encouraged to read the Company’s London Stock Exchange AIM filings which are available online at www.GAN.com and www.LondonStockExchange.com.

Dermot Smurfit, Chief Executive Officer of GAN commented:

“We are excited to appoint one of the leading financial advisory firms in the United States to support GAN through the next few months, with the shared objective of obtaining a U.S. listing as soon as reasonably practical. This is the first visible evidence of a process which is already substantially underway, and we look forward to updating the market when appropriate and in line with our continuing compliance obligations.”

This press release is not an offer of securities for sale in the United States, or in any other jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made only by means of a prospectus that will contain detailed information about the Company and management as well as financial statements. The Company intends to register an offering of securities in the United States, but no terms have been established and no registration statement has been filed to date.

About GAN

GAN plc is a leading B2B supplier of Internet gambling enterprise software-as-a-service solutions to the land-based casino Industry with additional operations throughout Europe.

The Company has developed an Internet gaming enterprise software system, GameSTACKTM, which it licenses principally to land-based US casino operators as a turnkey technology solution for both regulated real-money and/or virtual Simulated Gaming. GAN has fourteen (14) casino operators as clients of Simulated Gaming coast-to-coast across the US and Internationally; three (3) clients of real money Regulated Gaming in New Jersey; two (2) client of real money Regulated Gaming in Pennsylvania and ten (10) clients of real money Regulated Gaming in Europe.

Simulated GamingTM is now proven to drive increased visitation on-property among high-value casino patrons. Simulated GamingTM enables land-based US casinos to increase their ‘share of wallet’ among existing patrons as well as reactivate long-term lapsed patrons to return on-property.

For more information please visit www.GAN.com

GAN Reports Strong October 2019 Internet Gambling Growth For New Jersey

Internet Gambling Win Increased 136% from Prior Year Monthly Period

London | November 15, 2019: GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today updated the market following the publication on November 14, 2019, by New Jersey’s Division of Gaming Enforcement (“DGE”) of Internet gaming and Internet sports betting financial information for the calendar month of October 2019 in New Jersey.

Highlights from the DGE include:

  • Internet Gaming Win was $45.2 million in October compared to $26.8 million in the prior year period, reflecting a year-over-year increase of 69.0%.
  • Total Internet Sports Wagering Handle(1) was approximately $417.0 million for the month of October, compared to:
    • $374.2 million for the month of September 2019;
    • $249.2 million for the month of August 2019; and
    • $213.0 million for the month of July 2019.
  • Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of October were $38.7 million, compared to $8.8 million in October 2018, reflecting a year-over-year increase of 337.9%, and is further comparable to:
    • $29.4 million for the month of September 2019;
    • $19.2 million for the month of August 2019; and
    • $13.9 million for the month of July 2019.

(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 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).

For more information please visit www.GAN.com.

For further information please contact:

GAN

Jack Wielebinski Head of Investor Relations +1 214 799 4660 jwielebinski@GAN.com

US Investors: The Equity Group

Adam Prior

aprior@equityny.com

+1 212 371 8660

UK & Ireland Investors: Newgate Communications
Adam Lloyd
Giles Croot GAN@Newgatecomms.com +44 (0) 20 3757 6880

For further information please contact:

Davy (Nominated Adviser and Joint Broker)
John Frain / Barry Murphy +353 1 679 6363

Liberum (Joint Broker)

Neil Patel / Cameron Duncan +44 (0) 20 3100 2000

GAN Announces Expansion of Partnership with FanDuel Group into Indiana Following Legalization of Sports Betting in the State

London | October 23, 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 expansion of its existing agreement with FanDuel Group ("FDG") to be FDG's platform for rapid deployment of account services for Internet sports betting in the State of Indiana (pop. 6.7M), following that State's legalization of sports betting on May 8, 2019 and the intra-state Indiana market commencement of Internet gambling on October 3, 2019.

FDG launched Internet sports betting for residents of Indiana yesterday, following the parties obtaining all applicable regulatory consents, and represents a material increase in the value of the partnership to GAN. This expansion follows GAN's launch of account services for FDG in Pennsylvania (pop. 13M) on July 22, 2019 in addition to the long-standing existing services provided since 2013 by GAN to FDG in the State of New Jersey (pop. 9M).

Furthermore, GAN confirms the receipt of a Temporary Supplier License from the Indiana Gaming Commission, demonstrating GAN's continuing ability to rapidly submit to licensure in highly regulated U.S. Internet gambling markets. This is GAN's second gaming license awarded in 2019 and third U.S. gaming license, following licensure in the State of New Jersey and the State of Pennsylvania.

Management Commentary

Dermot Smurfit, Chief Executive Officer of GAN commented:

"Our effective and compliant Platform represents a premium component of the supply chain and our team has a track record of on-time delivery for our long-standing client FanDuel, which has proven to be an exceptionally successful partnership to date in both New Jersey and Pennsylvania. Rapid deployment into the State of Indiana is a logical extension of our relationship to best support FanDuel in capturing early market share of Internet sports betting in Indiana."

GAN Reports September 2019 Internet Gambling Growth For Pennsylvania

London - October 18, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today updated the market following the publication on October 17, 2019, by the Pennsylvania Gaming Control Board ("PGCB") of Internet gaming and Internet sports betting financial information for the calendar month of September 2019 in Pennsylvania.

Highlights from the PGCB include:

· Internet Gaming Win was $6.0 million in September, compared to $4.0 million in the prior sequential month, reflecting an increase of 48.2%.

· Total Internet Sports Wagering Handle(1) was approximately $153.6 million for the month of September, compared to:

- $83.2 million for the month of August;

- $39.0 million for the month of July; and

- $19.3 million for the month of June.

· Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of September were $13.4 million, compared to:

- $6.3 million for the month of August;

- $2.9 million for the month of July; and

- $1.4 million for the month of June.

(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 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 PGCB, in order to enable the investor community to readily monitor growth of Internet gambling in Pennsylvania, which remains a key market for GAN.

GAN Reports Strong September 2019 Internet Gambling Growth For New Jersey

Internet Gambling Win Increased 84% from Prior Year Monthly Period

London & Dublin - October 16, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today updated the market following the publication on October 15, 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 September 2019 in New Jersey. 

Highlights from the DGE include:

·    Internet Gaming Win was $41.1 million in September compared to $25.8 million in the prior year period, reflecting a year-over-year increase of 59.6%.

·    Total Internet Sports Wagering Handle(1) was approximately $374.2 million for the month of September, compared to:

-    $249.2 million for the month of August 2019;

-    $213.0 million for the month of July 2019; and

-    $226.7 million for the month of June 2019.

·    Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of September were $29.4 million, compared to $12.6 million in September 2018, reflecting a year-over-year increase of 134.0% and is further comparable to:

o  $19.2 million for the month of August 2019;

o  $13.9 million for the month of July 2019; and

o  $6.9 million for the month of June 2019.

(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 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.

GAN Announces New Simulated Gaming Client Agua Caliente Band of Cahuilla Indians

London | October 15, 2019: GAN plc, an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, has agreed to supply its Simulated Gaming software to the Agua Caliente Band of Cahuilla Indians (the “Client”), with new services anticipated to launch to customers in Q1 2020.

The Agua Caliente Band of Cahuilla Indians owns and operates three locations: Agua Caliente Casino in Palm Springs, Calif.; Agua Caliente Resort Casino Spa in Rancho Mirage, Calif.; and Indian Canyons Golf Resort in Palm Springs, Calif. The agreement with GAN will enable the Client to provide an expanded suite of online gaming and services throughout the region and beyond.

The Client is the 15th US casino operator to license GAN’s specialist software, which permits patrons to link reward cards to their online Simulated Gaming account and receive reward points automatically triggered by the patrons’ diverse online activities. It is the sixth major Native American casino operator in the United States to select GAN as its online gaming software service provider since the launch of Simulated Gaming in 2014.

Jeff Berman, Chief Commercial Officer of GAN commented:

“We are enormously privileged to bring one of America’s largest and most vibrant Native American casino resort operators online with our Simulated Gaming solution. Southern California is a significant regional US gaming market, with the largest population concentration in the US, reinforcing GAN’s market position as the leading B2B enterprise software solution provider to ‘brick and mortar’ US casinos.”

Bill Oliver, CIO of the Agua Caliente Band of Cahuilla Indians, commented:

“We selected GAN for its proven success in helping casino properties launch online gaming and for its ability to embed our on-property rewards program into an online experience. Equipped with GAN’s Simulated Gaming, we will now introduce our casino properties online to a wider audience of casino enthusiasts located in adjacent regional markets.”

GAN Launches Internet Gambling for Parx Casino in New Jersey

LONDON--()--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 announces that GAN and Greenwood Gaming & Entertainment, Inc. trading as ‘Parx Casino’ (“Parx Casino”) have launched Internet gaming in the State of New Jersey now available online 24/7 since Friday October 4, following a three-day soft launch period.

Parx Casino patrons can also link their Reward Card online to their counterpart Internet gambling account, enabled by GAN’s U.S. patented integration framework. This represents the second U.S. State that GAN has launched Parx Casino in, following the launch of Internet sports betting and Internet casino gaming in Pennsylvania on June 24 and July 15, respectively.

Highlights

  • Parx owns and operates the #1 land-based casino property in Pennsylvania located a short distance from Philadelphia, Pennsylvania’s largest City. In the most recent fiscal year ended June 30, 2018 Parx Casino generated $570m from slot machines and table games on-property representing a 18% share of the Pennsylvania’s $3.2bn gaming market.
  • GAN’s US-patented technology enables Parx Casino patrons enrolled in the on-property loyalty program, to sign up online and instantly link their reward cards to their online account permitting those guests to trade in their reward points earned from on-property gaming for cash online and/or to earn rewards points from Internet gaming and/or sports betting, to be subsequently redeemed on-property.

Management Commentary

Dermot Smurfit, Chief Executive Officer of GAN commented:

“Launching the largest casino in Pennsylvania online has now logically extended across the border into New Jersey, extending their reach into New Jersey’s fast-growing and established Internet gambling market. This represents an incremental revenue opportunity for GAN and is a logical extension of our technology infrastructure to serve Parx Casino patrons who routinely cross the invisible border between these two populous States.”

John Dixon, Chief Operating Officer of Greenwood Gaming & Entertainment, Inc commented:

“GAN has now ably demonstrated it abilities to serve our business needs in multiple States which aligns with the cross-border nature of our existing retail gaming customer base. GAN’s launch in New Jersey was a case study in on-time delivery and professional excellence and will enable our patrons to gamble online in either Pennsylvania or New Jersey, as they wish.”

Frequently Asked Questions (FAQ’s)

  • For investors and Industry analysts: The core of a “Platform” from both a technical and regulatory standpoint is the Player Account Management System i.e. where highly sensitive customer and player activity data is stored and processed. Other elements of Platform can include a sportsbook transaction engine, gaming content integrations, payment services, marketing services, trading services and other ancillary activities. However, the core functionality to describe B2B systems and services as a 'Platform' is the Player Account Management System. This is also the layer of B2B activity which tends to require regulatory approval as a 'Platform' since it is the focal point of data and player security. Therefore, without the Player Account Management System, a service provider might be offering very valuable B2B functionality but not in the strictest sense a 'Platform' (source: Regulus Partners).
  • Pennsylvania’s population of 12.8m is +42% larger than New Jersey’s population of 8.9m.
  • There are currently twelve (12) land-based casino properties in Pennsylvania which together generated $3.2bn in land-based gross gaming revenue in fiscal year 2017/18 ending June 30, 2018.
  • Internet casino gaming in the neighbouring State of New Jersey is a fast-growing market which generated $221m in Gross Gaming Revenue in CY2017 (+30% Year on Year) and is anticipated to grow +20% Year on Year to ~$266m in CY2018E.
  • Patent 8,821,296 was issued to GAN plc in September 2014 and governs the automated authentication, card linkage and intra-system messaging between the on-property Casino Management System and GAN’s Internet gaming system. Already proven for Simulated Gaming, the launch of the real money Internet casino gaming for Parx Casino is anticipated to generate new on-property visitation by Internet-first players as well as increase visitation rates among patrons who first engage on-property with Parx Casino then subsequently play online from home, accumulating reward points from online play.
  • GAN has licensed its US Patent fourteen (14) times to major US casino operators and Parx Casino is the third land-based casino operator to license the Patent for real money Online Gaming following the licensing & services agreements between GAN and Greenwood Gaming & Entertainment, Inc. announced November 2014; MDDC (The Borgata) announced December 2016; and Ocean Resort Casino announced July 2018.
  • The Federal ban on sports betting enshrined within Professional and Amateur Sports Protection Act 1992 (“PASPA”) was repealed by the Supreme Court of the United States on May 14, 2018 permitting individual US States to pass their own sports betting laws.
  • Pennsylvania passed legislation bill HB 271 on October 26, 2017 (signed into law on October 30, 2017) enabling land-based casinos in the State of Pennsylvania to launch real money Internet gaming and (subject to the repeal of PASPA) Internet sports betting.

GAN | Overview

GAN is a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry. GAN is listed on the AIM Market of the London Stock Exchange under the ticker: GAN

The Company has developed an Internet gaming enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for both regulated real-money and/or virtual Simulated Gaming. GAN has fourteen (14) casino operators as clients of Simulated Gaming coast-to-coast across the US and Internationally; two (2) clients of real money Regulated Gaming in New Jersey; one (1) client of real money Regulated Gaming in Pennsylvania and ten (10) clients of real money Regulated Gaming in Europe.

The Internet Gaming System, developed in London under a UK Gambling Commission license, is certified to the highest technical standards currently required by gaming regulators. In January 2018 GAN announced a strategic partnership with SBTECH, a leading European B2B sports betting technology provider. In April 2017 GAN was granted a Casino Service Industry Enterprise license by the New Jersey Division of Gaming Enforcement being GAN’s first privileged gaming license in the United States. In May 2018, the US Supreme Court repealed PASPA and GAN confirmed the H2 launch of sports betting for US clients integrated into GAN’s enterprise software platform.

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: Newgate Communications
Giles Croot
GAN@Newgatecomms.com
+44 (0)7974 982 510

Davy (Nominated Adviser and Joint Broker)
John Frain / Barry Murphy
+353 1 679 6363

Liberum (Joint Broker)
Neil Patel / Cameron Duncan
+44 (0) 20 3100 2000

GAN Reports Q3 2019 Key Performance Indicators Highlighted by 203 Percent Growth in Gross Operator Revenue

London & Dublin - October 1, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today announced the release of quarterly key performance indicators[1] for the third quarter of 2019, highlighting continued YoY growth reflecting high demand for Internet sports betting and Internet casino gaming in New Jersey and (launched during the third quarter) the State of Pennsylvania.


Management Commentary

Dermot Smurfit, CEO of GAN commented:

"Unprecedented year on year growth rate experienced in Q3 demonstrates our Platform technology's ability to scale to meet the needs of our diverse clients seeking to operate Internet sports betting, at scale, in technically challenging U.S. intra-State markets following the repeal of PASPA by the U.S Supreme Court in May of last year, the 25year long-standing Federal bad on sports betting.

The third quarter benefitted from stronger-than-expected demand for U.S sports betting during the seasonally weaker Summer months as well as the first month of American Football NFL season which commenced on September 5 and continues through to Super Bowl LIII on February 2, 2020.

The exceptional growth rate year on year is exaggerated by (i) mass-market U.S. Internet sports bettors in New Jersey crossing over into the online Casino before, during and after sports events, which is proving particularly lucrative for GAN; and (ii) the faster-than-anticipated ramp-up of Pennsylvania Internet gamblers, since launch in June 2019, which today sees more Pennsylvanians gambling online than residents of New Jersey, which has been online since November 2013 (with Internet sports betting since September 2018).


Third Quarter 2019 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 202.7% year-over-year and 47.3% quarter-over-quarter to $80.9 million. This change was driven by strong growth in real money regulated gambling in the US.

· Active Player-Days at 5.4 million is an increase of 59% year-over-year and increase of 13.5% quarter over quarter.

 Screen Shot 2019 10 01 at 10.08.03 AM

GAN Announces Agreement with JACK Entertainment LLC for Real Money Internet Gambling in the State of Ohio

Third Client to Expand into Real Money Internet Gambling as a Result of Successful Implementation of Simulated Gaming

London & Dublin | September 19, 2019: GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B gambling software and services in the United States and Europe, announces a new agreement with JACK Entertainment LLC (“JACK”), which has chosen GAN as their platform to support sports wagering and online casino gaming should enabling legislation and corresponding regulatory approvals come to pass in the jurisdictions where JACK operates.

JACK is an existing client of GAN’s Simulated Gaming Enterprise Platform, available online at www.playJACK.com, since October 2016. Today’s announcement once more demonstrates the strategic value to GAN of establishing relationships with U.S. casinos in advance of relevant intra-State U.S. regulation of real money Internet gambling.

JACK and its affiliates own and operate gaming properties in Cleveland, Cincinnati, and Baltimore in addition to racing facilities in Ohio and Kentucky. The complete JACK portfolio includes over 4,000 team members, 40 bars and restaurants, 375,000 square feet of gaming space and generates more than $800 million in revenues.

Highlights

• Delivering GAN’s proven Enterprise Platform, including the US-patented iBridge Framework™ linking the GameSTACK™ to JACK Entertainment’s existing casino management system deployed in Ohio

• The platform is anticipated to be operated from intra-State infrastructure entirely deployed in the State of Ohio

Management Commentary

Jeff Berman, COO of GAN commented: “Following the completion of a formal and highly competitive process, we’re delighted to win this mandate from JACK which encompasses Internet gaming as well as Internet sports betting should enabling legislation come to pass in Ohio. This moves GAN into a new State with an existing client of Simulated Gaming and once again demonstrates the strategic value of GAN’s technology Platform which offers clients the ability to build an online community of Simulated Gaming players well in advance of real money Internet gambling regulation.”

Adam Suliman, Vice President of Sports and Digital Gaming at Jack Entertainment, commented: “JACK Entertainment is excited to take this important step with GAN. Should enabling legislation pass which authorizes sports wagering or online gaming, we feel confident we will be well positioned to deliver best in class products for our guests.”

GAN Reports August 2019 Internet Gambling Growth For Pennsylvania

London & Dublin - September 17, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today updated the market following the publication on September 16, 2019, by the Pennsylvania Gaming Control Board ("PGCB") of Internet gaming and Internet sports betting financial information for the calendar month of August 2019 in Pennsylvania.

Highlights from the PGCB include:

· Internet Gaming Win was $6.3 million in August compared to $2.9 million in the prior sequential month, reflecting an increase of 118.6%.

· Total Internet Sports Wagering Handle(1) was approximately $83.2 million for the month of August, compared to:

- $39.0 million for the month of July;

- $19.3 million for the month of June; and

- $0.6 million for the month of May.

· Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of August were $6.3 million, compared to:

o $2.9 million for the month of July;

o $1.4 million for the month of June; and

o nil for the month of May.

(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 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 PGCB, in order to enable the investor community to readily monitor growth of Internet gambling in Pennsylvania, which remains a key market for GAN.

GAN Reports Strong August 2019 Internet Gambling Growth For New Jersey

London & Dublin - September 13 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today updated the market following the publication on September 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 August 2019 in New Jersey.

Highlights from the DGE include:

· Internet Gaming Win was $41.1 million in August compared to $24.8 million in the prior year period, reflecting a year-over-year increase of 65.7%.

· Total Internet Sports Wagering Handle(1) was approximately $249.2 million for the month of August, compared to:

- $213.0 million for the month of July 2019;

- $226.7 million for the month of June 2019; and

- $263.6 million for the month of May 2019.

· Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of August were $19.2 million, compared to $3.1 million in the prior year period August 2018, reflecting a year-over-year increase of 514.7% and is further comparable to:

o $13.9 million for the month of July 2019;

o $6.9 million for the month of June 2019; and

o $13.7 million for the month of May 2019.

(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 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.

Trading Update and Conclusion of Review of Strategic Alternatives

London | 13 September 2019: GAN plc ("GAN" or the "Group"), a leading B2B supplier of Internet gambling enterprise software-as-a-service solutions to the land-based casino industry, today announces the conclusion to its review of strategic alternatives commenced on 29 March 2019, and provides a trading update.

Trading Update

Trading is significantly ahead of the Board's expectations for the eight (8) months up to and including August 31, 2019. As of June 30, 2019, the group's cash balance was £9.1 million and holds no debt on its balance sheet.

Conclusion of Strategic Review

As set out in the announcement on 29 March, 2019, GAN has been undertaking a review considering strategic alternatives including a Formal Sale Process ("FSP"). The purpose of the FSP was to explore the merits of the Group remaining as an independent organisation, relative to the alternative options available to the Group being reviewed. Union Gaming has undertaken the FSP and interest from a number of organisations, across a range of geographies, has been explored.

The Company received multiple bids from multiple parties during the FSP. In the context of the Company's rapid and accelerating growth year-to-date and growth trajectory of the business moving forwards, the Company's Board of Directors (the "Board") in consultation with its advisors has determined that the bids received did not represent fair value for shareholders.

As a result, the Board has concluded that it is unlikely that the FSP would produce the most attractive outcome from the review of strategic alternatives. The Board has therefore decided to terminate the FSP and the Company is no longer in an offer period under the City Code on Takeovers and Mergers (the "Code") and the requirement to make disclosures under Rule 8 of the Takeover Code in relation to the Company has now ceased.

The outcome of the review of strategic alternatives is that the Company is now committed to procuring a U.S. listing as soon as reasonably practicable, and will provide an update with the publication of the Group's full year 2019 results.

This announcement contains Inside Information as defined under the Market Abuse Regulation (EU) No. 596/2014.

Half-Year Results | Conference Call Details

The GAN management team will host a conference call for analysts & institutional investors at 4pm BST (11am EST / 8am PST) on Friday September 13, 2019.

Please use the following dial in numbers:

UK Participants: +44 (0) 800 756 3429

US & Canada Participants: +1 877-407-8629

International Participants: +1 201-493-6715

The Half Year Results Press Release and Presentation is available to download from the website, www.GAN.com

Half-Year Results | Webcast

The call will also be simultaneously webcast over the Internet via the following link:

https://78449.themediaframe.com/dataconf/productusers/gan/mediaframe/32225/indexl.html

and such link will also be made available in the "Results and Presentations" section of GAN's website www.GAN.com/investors/results-and-presentations

GAN Announces Profitable 2019 Half Year Financial Results driven by 145 Percent Net Revenue Growth

London | 13 September 2019: GAN plc ("GAN" or the "Group"), a leading B2B supplier of Internet gambling enterprise software-as-a-service solutions to the land-based casino industry, announces its operating and financial results for the six months ended 30 June 2019.

Financial Overview

· Group Net Revenue of £11.3m (H1 2018: £4.6m), an increase of +145%

· Clean EBITDA1 profit of £3.0m (H1 2018: clean EBITDA loss of £0.3m)

· Profit after tax of £0.7m (H1 2018: loss after tax of £3.0m)

· Basic earnings per share of £0.01 (H1 2018: loss per share £0.04)

· Cash and cash equivalents at 30 June 2019 of £9.1m (£5.5m at 31 December 2018)

· United States accounted for 78% of Net Revenue including £3m derived from patent licensing

Dermot Smurfit, CEO of GAN commented:

The first half of 2019 saw rapid growth in revenues driven by real money Internet gambling in the U.S. and the accelerating adoption of Internet sports betting by numerous states. We were pleased to deliver real money Internet gambling across four websites (and counterpart mobile apps), to end users in two U.S. States operated by three clients reliant on our technology Platform for powering their Internet gambling business activities.

We have also substantially improved GAN's balance sheet as the Group transitioned to positive cashflow from ordinary activities with GBP 9.1M cash as on June 30 2019 and zero debt. The capital available on the balance sheet will be used to selectively grow development resources in Sofia, Bulgaria and Las Vegas, NV to capture substantial incremental revenue opportunities available from Internet gaming and sports betting in other U.S. States expected to regulate internet gambling in the near future.

We have an incredibly positive outlook for the remainder of 2019, as the recent launch of Internet sports betting and casino gaming in Pennsylvania, the Company's current sales pipeline and existing contracted clients are projected to significantly enhance GAN's revenue and EBITDA prospects.

Operational Overview and Current Developments

· Successfully licensed GAN's strategic U.S. patent ("Patent") to a major U.S. Internet gambling operator and their affiliated land-based U.S. casino group, generating £3m in Net Revenue in the period. This patent governs the linkage of on-property reward cards to their counterpart Internet gambling accounts together with bilateral transmission of reward points between the Internet gambling technology system and the land-based casino management system present in all U.S. casino properties. The Patent was awarded to GAN in September 2014, successfully defended in H1 2017 and has now been licensed for substantial consideration setting a precedent for additional Patent licensing agreements

· Operationally managed GAN's technology Platform throughout New Jersey's first legal online betting experience during the U.S. Super Bowl, with all-time record number of active real money Internet gamblers, who used GAN's technology Platform to bet on both sports and casino gaming on February 4, 2019, following the May 2018 decision of the Supreme Court of the United States ("SCOTUS") to overturn the previous Federal U.S. prohibition on sports betting enshrined with the Professional and Amateur Sports Protection Act 1992 ("PASPA")

· Welcomed the passage of enabling legislation for Internet gambling in six U.S. States during the course of the first six months of 2019 including Rhode Island, Montana, Indiana, Iowa, Tennessee and Illinois (together representing 9.6% of the U.S. population)

· Entered into an extension of services for Flutter Entertainment plc (formerly PaddyPower Betfair Plc) for the provision of: (i) a multi-year patent license; and (ii) additional services in New Jersey, West Virginia and Pennsylvania together with an option over additional services in additional U.S. States;

· Completed a significant expansion of engineering resources commenced in H2 2018, principally in Sofia, Bulgaria with secondary recruitment in Las Vegas, Nevada in order to meet high demand from existing clients for incremental real money Internet gambling services

· Substantially increased marketing activities via 'GAN Digital', in Tel Aviv, Israel, an in-house marketing agency to provide digital user acquisition & retention services in support of the Overseas Internet Casino, WinStar.com

· Won the prestigious 'Best B2B Social Slot Company' award at the Eilers & Krejcik Gaming LLC U.S. gaming Industry awards on February 28, 2019 in Las Vegas, Nevada

· Entered into an extension of services for Parx Casino in Pennsylvania to launch an Internet gambling service in the neighbouring State of New Jersey

· Cancellation of the Euronext Growth Dublin Ireland listing of GAN plc's shares on June 19, 2019 in order to simplify the Company's equity capital markets arrangements in advance of preparing for a U.S. listing on a suitable recognized investment exchange

· Launched Internet gambling for our first Pennsylvanian client, Parx Casino, in the State of Pennsylvania (pop. 12.7M) increasing GAN's addressable market for real money Internet gambling outside the State of New Jersey (pop. 9M)

Post-period end:

· Launched Internet sports betting in Pennsylvania delivered for Flutter Entertainment plc's FanDuel Group, GAN's second U.S. client to operate Internet sports betting via the GAN Platform in Pennsylvania. The reported success of the Internet sports betting market in the first operational year (August 2018 to July 2019) may result in an increase in the speed of regulation of intra-State Internet gambling going forwards. It is believed that additional U.S. States are now considering the regulation of Internet gambling

· Launched Internet casino gaming in Pennsylvania on July 15, 2019 for Pennsylvania's largest land-based casino, Parx Casino, in addition to Internet sports betting which commenced in June 2019

· Engaged in additional Patent licensing discussions with major U.S. land-based casino operators, following the successful licensure of the Patent in H1 2019

Notes

1. Clean EBITDA is a non GAAP company specific measure and excludes interest, tax, depreciation, amortisation, share based payment expenses, certain non-cash transactions and other items which the directors consider to be non-recurring and one time in nature. Where not explicitly mentioned, EBITDA refers to EBITDA from continuing operations.

Note regarding forward-looking statements

This announcement includes forward-looking statements, including statements concerning current expectations about future financial performance and economic and market conditions which GAN believes are reasonable. However, these statements are neither promises nor guarantees, but are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated.

Half-Year Results | Conference Call Details

The GAN management team will host a conference call for analysts & institutional investors at 4pm BST (11am EST / 8am PST).

Please use the following dial in numbers:

UK Participants: +44 (0) 800 756 3429

US & Canada Participants: +1 877-407-8629

International Participants: +1 201-493-6715

The Half Year Results Press Release and Presentation is available to download from the website, www.GAN.com

Half-Year Results | Webcast

The call will also be simultaneously webcast over the Internet via the following link:

https://78449.themediaframe.com/dataconf/productusers/gan/mediaframe/32225/indexl.html

and such link will also be made available in the "Results and Presentations" section of GAN's website www.GAN.com/investors/results-and-presentations

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). For more information please visit www.GAN.com.

GAN Reports July 2019 Internet Gambling Growth for Pennsylvania

London & Dublin - August 19, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today updated the market following the publication on August 16, 2019, by the Pennsylvania Gaming Control Board ("PGCB") of Internet gaming and Internet sports betting financial information for the calendar month of July 2019 in Pennsylvania.

Highlights from the PGCB include:

· Internet Gaming Win was $2.9 million in July compared to $1.4 million in the prior sequential month, reflecting an increase of 100.7%.

· Total Internet Sports Wagering Handle(1) was approximately $39.0 million for the month of July, compared to:

- $19.3 million for the month of June;

- $0.6 million for the month of May; and

- nil for the month of April.

· Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of July were $2.9 million, compared to:

o $1.4 million for the month of June;

o nil for the month of May; and

o nil for the month of April.

(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 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 PGCB, in order to enable the investor community to readily monitor growth of Internet gambling in Pennsylvania, which remains a key market for GAN.

GAN Reports Strong July 2019 Internet Gambling Growth for New Jersey

Internet Gambling Win Increased 105.5% from prior year monthly period

London & Dublin - August 15, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today updated the market following the publication on August 14, 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 July 2019 in New Jersey.

Highlights from the DGE include:

· Internet Gaming Win was $39.3 million in July compared to $25.9 million in the prior year period, reflecting a year-over-year increase of 51.8%.

· Total Internet Sports Wagering Handle(1) was approximately $213.0 million for the month of July, compared to:

- $226.7 million for the month of June;

- $263.6 million for the month of May; and

- $254.0 million for the month of April.

· Internet Sports Wagering Gross Revenues(2) (after payouts) for the month of July were $13.9 million, compared to:

o $6.9 million for the month of June;

o $13.7 million for the month of May; and

o $16.6 million for the month of April.

(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 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.

GAN Reports Q2 2019 Key Performance Indicators Highlighted by 128 Percent Growth in Gross Operator Revenue

LONDON & DUBLIN--(BUSINESS WIRE)--GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today announced the release of quarterly key performance indicators1 for the second quarter of 2019, highlighting continued YoY growth reflecting high demand for Internet sports betting and casino cross-selling from Internet sports bettors into internet casino gaming in New Jersey.

“The extraordinary year on year growth rate experienced in Q2 reinforces our confidence in the U.S. strategy executed on by GAN following the repeal of PASPA, as well as our Platform technology’s ability to scale to meet the needs of our diverse clients. ”

Management Commentary

Dermot Smurfit, CEO of GAN commented:

“The extraordinary year on year growth rate experienced in Q2 reinforces our confidence in the U.S. strategy executed on by GAN following the repeal of PASPA, as well as our Platform technology’s ability to scale to meet the needs of our diverse clients.

The rapid rate at which States continued to legalize Internet gambling in Q2 continues to validate our confidence in the U.S. market opportunity and the seasonality in Q2 was both anticipated and exaggerated by U.S. Internet sports betting.

A dedicated Head of Investor Relations Mr. Jack Wielebinski, has been appointed to lead our U.S. investor relations efforts as well the implementation of an all-new GAN.com website before year’s end which will include substantial content and features designed both to serve existing investors and better-inform prospective investors on GAN’s exciting equity story, products and services.”

Second Quarter 2019 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 128.3% year-over-year and -7.3% quarter-over-quarter to $54.8 million. This change was driven by strong growth in real money regulated gambling in the US.
  • Active Player-Days at 4.8 million is an increase of 52% year-over-year and decline of -9.9% quarter over quarter.

GAN Q2 Key Performance Indicators

1. The numbers contained herein are unaudited and derived from GAN’s internal business intelligence reporting systems


Company Schedules 2019 First Half Financial Results

The Company is expected to release its results for the half year period ended June 30, 2019 on September 27, 2019.

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).

For more information please visit www.GAN.com.

GAN supports launch of Internet sports betting in Pennsylvania by FanDuel Group

London & Dublin | July 31, 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 delivery of Internet sports betting in the State of Pennsylvania for the FanDuel Group ("FDG") following the January 10, 2019 announcement to be FDG's Platform for rapid deployment of Internet casino, and account services for Internet sports betting in Pennsylvania (pop. 13M), in addition to the long-standing existing services provided since 2013 by GAN to FDG in the State of New Jersey (pop. 9M).

The expanded relationship announced on January 10, 2019 is now commercially operational in Pennsylvania and represents a material increase in the value of the partnership to GAN.

Management Commentary

Jeff Berman, Chief Commercial Officer of GAN commented:

"The launch by FanDuel of Internet sports betting in the State of Pennsylvania extends our relationship across the border from neighboring New Jersey and represents a significant milestone for GAN. Our effective and compliant Platform represents a premium component of the supply chain rather than a commodity and our team delivered on-time for the #1 operator of Internet gambling in the U.S. today."

GAN Launches Internet Casino for Parx Casino

London & Dublin - July 23, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today announces that GAN and Greenwood Gaming & Entertainment, Inc. trading as 'Parx Casino' ("Parx Casino") launched 24/7 Internet casino gaming in the Commonwealth of Pennsylvania on Wednesday July 17. This launch represents the second major launch of online services for Parx Casino, following the launch of internet sports betting on June 24, 2019.

At launch, Parx Casino was the only Internet casino offering the #1 market leading table game online, 'Pro Blackjack' (Pennsylvania Edition), developed and delivered by GAN to be compliant with Pennsylvania's specifically-approved blackjack game rules. A total of 47 casino games were released via desktop and mobile web together with an Android-compatible mobile App.

Selected casino slots and table games were delivered online for GAN's Development & Distribution clients, including major U.S. casino equipment manufacturers' Incredible Technologies, Everi Holdings, DEQ and KONAMI.

Parx Casino patrons can also link their Reward Card online to their counterpart Internet gambling account, enabled by GAN's U.S. patented integration framework.

Highlights

· The Pennsylvania regulated Internet Gaming market is forecast to generate $200m1 in gross gaming revenue online during the first twelve months of operation and Internet Sports betting is forecast to generate a further $189m2 in the same period.

· Parx owns and operates the #1 land-based casino property in Pennsylvania located a short distance from Philadelphia, Pennsylvania's largest city. In the most recent fiscal year ended June 30, 2018, Parx Casino generated $570m from on-property slot machines and table games, representing an 18% share of the Pennsylvania's $3.2bn gaming market.

· GAN's US-patented technology enables Parx Casino patrons enrolled in the on-property loyalty program, to sign up online and instantly link their reward cards to their online account permitting those guests to trade in their reward points earned from on-property gaming for cash online and/or to earn rewards points from Internet gaming and/or sports betting to be subsequently redeemed on-property.

Management Commentary

Dermot Smurfit, Chief Executive Officer of GAN commented:

"Launching the largest casino in Pennsylvania online, nearly two years after legislation first passed, appears to have been well worth the wait. GAN's shareholders can take heart that early indications appear supportive of Industry forecasts for Internet gambling in Pennsylvania and we look forward to expanding into other U.S. States for Parx Casino as well as for new clients, just as we have now expanded from New Jersey into neighbouring Pennsylvania. As the saying goes, 'experience counts' and GAN has the experience, capability and opportunity to remain a market leading B2B technology provider as more U.S. States regulate Internet gambling. On behalf of everyone at GAN, we would like to thank our client Parx Casino and the Pennsylvania regulator, the PGCB, for the privilege of serving Internet gambling to residents of your Commonwealth."

John Dixon, Chief Operating Officer of Greenwood Gaming & Entertainment, Inc commented:

"By leveraging GAN's proven Platform, Parx Casino has now deployed both Internet sports betting and Internet casino gaming, integrated with our Xclub on-property rewards program, to become among the very first Internet gambling operators to launch in the Commonwealth of Pennsylvania."

GAN Reports Strong June 2019 Internet Gambling Growth For New Jersey

London & Dublin - July 15, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, today updated the market following the publication on July 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 June 2019 in New Jersey.

Highlights from the DGE include:

· Internet Gaming Win was $38.1 million in June compared to $22.7 million in the prior year period, reflecting a year-over-year increase of 67.8%.

· Total Internet Sports Wagering Handle (1) was approximately $226.7 for the month of June, compared to:

- $263.6 million for the month of May;

- $254.0 million for the month of April; and

- $298.3 million for the month of March.

· Internet Sports Wagering Gross Revenues (2) (after payouts) for the month of June were $6.9 million, compared to:

o $13.7 million for the month of May;

o $16.6 million for the month of April; and

o $24.3 million for the month of March.

(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 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.

GAN Announces Favorable Second Quarter 2019

London & Dublin - July 1, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software and services in the United States and Europe, today provides an update on trading for the second calendar quarter period ending June 30, 2019.

In the second calendar quarter period ending June 30, 2019 trading was ahead of expectations with the seasonal decline in Internet gambling volumes typically experienced during the early months of Summer mitigated by various factors including:

· High demand in Q2 for Internet sports betting on both basketball and baseball in New Jersey, despite the cessation in Q1 of the primary U.S. sports season relating to American Football; and

· Higher than expected casino cross-selling from Internet sports bettors into internet casino gaming in New Jersey during the Q2 period.


2019 Outlook

The outlook for 2019 continues to remain highly positive for GAN. Internet gambling services to Parx Casino, the largest casino in Pennsylvania, commenced on June 24, 2019 with Internet casino gaming for Parx Casino expected to commence later this month. In the second half of the year, GAN expects to launch internet gambling services for a number of additional clients. In addition, GAN expects to enter into a number of new contracts for real money internet gambling.

The Company now expects to see high double-digit revenue growth for the full year 2019.

The outlook for the full calendar year 2019 is contingent on (a) the market size and clients' market share and growth rate of Internet gambling in New Jersey and Pennsylvania; (b) the speed with which efficient marketing of the Overseas Internet Casino is conducted in European regulated markets by GAN; (c) the impact on Italian Internet casino market by the Italian ban on advertising gambling anticipated to be fully implemented in 2019.


Management Commentary

Dermot Smurfit, CEO of GAN, commented, "Continued demand for Internet sports betting in New Jersey, and the associated benefit to Internet casino gaming, has outperformed our expectations through the second calendar quarter. In the second half of this year, we remain focused on landing new clients, and expanding upon existing contracts with clients, in addition to preparing ourselves for a rapidly expanding market due to an acceleration in sports betting-led online gambling regulation in the United States as well as enabling browser-based Internet gambling on Apple iOS compatible mobile devices as mitigation of Apple, Inc. policy changes towards HTML5-based real money gambling Apps."


Company Schedules 2019 First Half Financial Results

The Company is expected to release its results for the half year period ended June 30, 2019 on September 27, 2019.

GAN Welcomes the Legalization of Online Sports Betting in the State of Maine

London & Dublin - June 24, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, welcomes the signing and legalization of internet sports betting in Maine, and is the 15th State to legalize sports wagering in the US and the seventh to do so this year. Upon launch, 21% of the total US population will be able to place sports wagers online.

The sports betting bill received approval in both the House and Senate on Friday, June 21 and will go to the Governor who is expected to sign it within the next two weeks. With one of the lowest initial licence fees, the state could possibly begin issuing licenses in late September.

GAN Announces Material Additional Services for FanDuel Group in Pennsylvania

London & Dublin - June 20, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software and services in the United States and Europe, today announces a material addition to the existing services provided to FanDuel Group ("FDG"), the U.S. business unit of Flutter Entertainment plc (formerly Paddy Power Betfair plc).

Management Commentary

Dermot Smurfit, CEO of GAN, commented, "The launch of an Internet casino service for another casino in Pennsylvania represents a material incremental revenue opportunity for GAN."

Company Schedules 2019 First Half Financial Results

The Company is expected to release its results for the half year period ended June 30, 2019 on September 27, 2019.

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 Welcomes the Legalization of Online Sports Betting in the State of New Hampshire

London & Dublin - June 14, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, welcomes the signing and legalization of internet sports betting in New Hampshire. New Hampshire is the 14th State to legalize sports wagering in the US and the sixth to do so this year. Following the launch, nearly 21% of the total US population will be able to place sports wagers online.  

The sports betting legislation received approval in the New Hampshire House yesterday, June 13th. The  bill will now go to the Governor, who has already included sports betting revenue in his state budget and is expected to sign the bill within the next three to four weeks.

Result of annual General Meeting

London & Dublin - June 12, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, advises that all the resolutions posted to shareholders on May 16, 2019 and recommended by the Board of Directors at the Annual General Meeting of the Company held on June 12, 2019 were duly passed including the Cancellation Resolution to approve the proposed cancellation of admission of the Ordinary Shares to trading on Euronext Growth ("Cancellation").

Accordingly, as detailed in the Company's Notice of AGM and announcement of 16 May 2019, the last day of trading in Ordinary Shares on Euronext Growth will be 18 June 2019 and the Cancellation will take effect at 7.00 a.m. on 19 June 2019. The Cancellation Resolution applies only to Euronext Growth and will have no effect upon the admission of the Ordinary Shares to trading on AIM, which admission will continue.

AGM Statement

London & Dublin - June 12, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, will hold its Annual General meeting today at noon today at 20 Warwick Street, London W1B 5NF.

At the meeting GAN's Chief Executive Officer, Dermot Smurfit, will make the following statement:

"Since last year's AGM, GAN has been firmly focused on taking advantage of the incremental U.S. Internet sports betting opportunity which we launched online in New Jersey in September 2018. Since launch, sports betting has driven substantial increases in our clients' revenues, in which GAN participates. We also prepared to launch Internet gambling in Pennsylvania for the largest retail operator, Parx Casino, as well as extending our relationship with FanDuel Group, the U.S. arm of Flutter Entertainment plc (formerly Paddy Power Betfair plc) to rapidly deploy our Platform in selected additional U.S. States. 2018 was clearly therefore a pivotal year for GAN.

"Since the beginning of 2019, we have witnessed the rapid and accelerating regulation of Internet gambling in other U.S. States including Montana, Indiana, Iowa, Tennessee and Illinois. Today, fifty-eight million (58M) Americans, representing nearly twenty percent (20%) of the entire U.S. population now have legislation in place permitting one or more forms of Internet gambling. Furthermore, Industry analysts believe more than half of all Americans will be permitted to gamble online as a result of accelerating incremental State-by-State regulation within just a few more years.

"This regulatory driver obviously creates a unique opportunity for GAN to leverage years of investment developing and optimizing its best-in-class technology and provides an environment to maximize the equity value of its unique U.S. industry position as a truly unique enterprise software technology Platform enabling regulated intra-State online gambling across America.

"Finally, we are especially pleased with our financial performance to date, building on the momentum achieved during the first quarter, during which we generated record revenues. All the Company's operational KPI's continue to trend positively and therefore remain excited by the potential for the remainder of the year, starting with the imminent launch of Parx Casino in Pennsylvania.

"In conclusion, 2018 was a pivotal year for GAN, and we firmly believe 2019 will be another year of tremendous operational and financial progress and I look forward to updating shareholders with our financial results for the first half of the current financial year in due course."

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 to Present at 9th Annual LD Micro Invitational Investor Conference on Tuesday, June 4, 2019

London & Dublin - June 3, 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, the Company's Chief Executive Officer, Mr. Dermot Smurfit, is scheduled to present at the 9th Annual LD Micro Invitational being held at the Luxe Sunset Boulevard Hotel in Los Angeles, CA on June 4-5, 2019.

The Company's presentation is scheduled for Tuesday, June 4, 2019 at 11:00 am PT / 2:00 pm ET. The conference will be webcast and can be accessed at: http://wsw.com/webcast/ldmicro16/gan/

The LD Micro Invitational will feature 230 companies and will be attended by over 1,000 individuals. For more information, or to schedule a one-on-one meeting with the Company, please contact David Scher at david@ldmicro.com

GAN Welcomes the Legalization of Internet Gambling in the State of Illinois

London & Dublin - June 3, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, welcomes the signing and legalization of Internet gambling in Illinois. The bill will allow patrons to place sports wagers both in-person and online. Illinois is the 13th State to legalize sports wagering in the US and the fifth to do so this year. Following the launch, 19.9% of the total US population will be able to engage in internet gambling.

The Illinois Senate voted 46-10 on Sunday afternoon in favor of the Sports betting bill. The legislative 'Senate Bill 690' now goes to Illinois' Governor Pritzker, who's already confirmed he'll sign it into law.

Following Pennsylvania, and its population of 12.82 million, Illinois is to become the second largest State to legalize internet sports gambling in the US, with a population of 12.74 million. GAN foresees the legalization to be material to GAN's business, as the Company anticipates its existing clients to extend their online GAN-supported operations into the State of Illinois.  

GAN Welcomes Legalization of Sports Gambling in TN

London & Dublin - May 28, 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, welcomes the signing and legalization of internet sports betting in Tennessee, allowing state-wide sports wagering exclusively via mobile and internet. Tennessee is the 12th State to legalize sports wagering in the US and the fourth to do so this year. Following the launch, 16% of the total US population will be able to place sports wagers online.

The Tennessee legislature passed a bill in the first week of May permitting online sports betting only on a State-wide basis, expected to commence on July 1st. The bill has now moved to the Governor, who has allowed the bill to become law without his signature. The law came into effect on May 25th.

There are no physical casino locations in the State of Tennessee. However, with an estimated population of 6.8 million the legalization of online sports wagering is expected to be material to GAN’s business, as the Company anticipates existing clients to extend their online GAN-supported operations into the State of Tennessee in 2019.

GAN Welcomes Regulation of Internet Gambling in Iowa

LONDON STOCK EXCHANGE (LSE): GAN – EURONEXT DUBLIN (EURONEXT GROWTH): GAME 
 
GAN Welcomes Regulation of Internet Gambling in Iowa
 
London & Dublin - May 15, 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, welcomes the signing and legalization of sports betting in Iowa, including state-wide use of mobile and internet wagering. Iowa is the 11th State to legalize sports betting in the US and the third to do so this year.  
 
With 19 casinos eligible to offer sports betting in the State of Iowa and a population of 3.2 million, the number of Americans who will be permitted to bet on sports online materially increases. GAN is strongly positioned to serve Iowa’s casino operators and anticipates servicing one or more land-based casino in the state in 2019.
 
Management Commentary
 
Dermot Smurfit, CEO of GAN commented:
 
“Iowa is the third state to legalize sports betting in 2019, following Indiana and Montana, both of which passed legislation in the past few weeks. Although there is no saying for certain, we anticipate this trend to continue, and remain prepared to service more States as they come online.

GAN Reports Strong April 2019 Internet Gambling Growth For New Jersey

LONDON STOCK EXCHANGE (LSE): GAN – EURONEXT DUBLIN (EURONEXT GROWTH): GAME 
 
GAN Reports Strong April 2019 Internet Gambling 
Growth For New Jersey

Total Internet Gaming Win Increased 58.9% from prior year monthly period
 
London & Dublin - May 15, 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 updated the market following the publication on May 14, 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 April 2019 in New Jersey. 
 
Highlights from the DGE include:
  • Internet Gaming Win was $36.6 million in April compared to $23.0 million in the prior year period, reflecting a year-over-year increase of 58.9%.
  • Total Internet Sports Wagering Handle (1) was approximately $254.0 million for the month of April compared to $298.3 million for the month of March and $259.0 in the month of February 2019.
  • Internet Sports Wagering Gross Revenues (2) (after payouts) for the month of April were $16.6 million, compared to March’s $24.3 million and February’s $15.5 million
  • Combined (3) Internet Gambling Revenues were $53.1 million for the month compared to $63.4 million in the previous month, but up 131% on a year-over-year basis when compared to April 2018
 
  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 occurring months after the original wager was made and unredeemed winning wagers from prior months will become deductible upon redemption in future months
  3. Combined revenue includes casino games, poker and sports
 
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.

GAN Welcomes Regulation of Internet Gambling in Indiana

LONDON STOCK EXCHANGE (LSE): GAN – EURONEXT DUBLIN (EURONEXT GROWTH): GAME 
 
GAN Welcomes Regulation of Internet Gambling in Indiana
 
London & Dublin - May 13, 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 and Europe, welcomes the signing and legalization of sports betting in Indiana, including state-wide use of mobile and internet wagering. Indiana is the the 10th State to legalize and regulate sports betting in the US, following Montana’s legalization of single-game wagering via state lottery last week.
 
GAN anticipates serving one or more land-based casino operators in Indiana with real money Internet gambling technology and supporting services in 2019.
 
With a population of 6.73 million, the State of Indiana materially increases the number of Americans who will be permitted to bet on sports online. GAN is strongly positioned to serve Indiana’s casino operators in the State following a successful launch of Internet casino and sports betting in the State of New Jersey in September 2018 and an expected launch in Pennsylvania in the coming months.
 
Management Commentary
 
Dermot Smurfit, CEO of GAN commented:
 
“With ten States now having passed sports wagering laws in the US, we remain increasingly confident that more states will legalize as the regulatory cycle for sports gambling in the US continues to gain momentum. GAN has been preparing for sports gambling legalization since Q4 2017 and is ready to service casinos and sportsbooks as States legislation moves forward. ”
 
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.
 
 

 
For further information please contact:
 
GAN US Investors: The Equity Group
Jameson Wang Adam Prior
VP, Investor Relations & Analytics aprior@equityny.com
jwang@GAN.com
+1 (310) 384-1132
212.371.8660
   
  UK & Ireland Investors: Walbrook PR
  Paul Cornelius
  GAN@WalbrookPR.com
  +44 20 7933 8780
 
  Davy (Nominated Adviser, Euronext Growth Adviser and Joint Broker)  
  John Frain / Barry Murphy  
  +353 1 679 6363  
   
Liberum (Joint Broker)
 
  Neil Patel / Cameron Duncan  
  +44 (0) 20 3100 2000  

GAN Announces Chief Financial Officer Transition

LONDON STOCK EXCHANGE (LSE): GAN  – EURONEXT DUBLIN (EURONEXT GROWTH): GAME
 
GAN Announces Chief Financial Officer Transition
 
Richard Santiago to Depart in Q3 2019 to Pursue an Alternative Opportunity. Mr. Rey del Valle appointed Chief Financial Officer-designate
 
London & Dublin | May 13, 2019: GAN plc (“GAN” or the “Company”) a leading B2B supplier of Internet gambling enterprise software-as-a-service solutions to the US land-based casino Industry, today announces the Company’s Chief Financial Officer (“CFO”) and executive Director Richard Santiago will leave GAN effective 19 July 2019 to pursue an alternative opportunity in an unrelated Industry. As a result, GAN today announces the appointment of Mr. Rey del Valle as Chief Financial Officer-designate, who brings to GAN his significant financial experience in online gaming, with both deep U.S. Tech industry knowledge and specialist expertise relating to the financial operations of U.S. listed companies. 
 
Management Commentary
 
Dermot Smurfit, CEO of GAN commented:
 
“I would like to congratulate Richard on the opportunity he has secured in an unrelated Industry.  I look forward to continuing to work closely with Richard and the finance team in the months ahead as we onboard his successor Rey del Valle and maintain full momentum on executing GAN’s growth strategy.”
 
Richard Santiago, CFO of GAN commented:
 
“GAN is now at the forefront of digital betting and gaming technology in the U.S. with phenomenal growth momentum self-evident in recent quarterly key performance indicators. It is with regret that I have elected for personal reasons to leave GAN at this exciting time, to pursue another opportunity. I wish to thank everyone at GAN for their support and look forward to seeing GAN realize the continuing opportunity of U.S. Internet gambling.”
 
Rey del Valle, CFO-designate of GAN commented:
 
“This is an extraordinary opportunity to join Dermot and his leadership team to help develop their unique software-as-a-service tech company with a hard-earned market leading position in the fast-regulating U.S. Internet gambling market. I look forward to transitioning into the role in the coming weeks.
 
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.
 
 
For further information please contact:
 
Jameson Wang Investors: The Equity Group
VP Investor Relations & Analytics Adam Prior
jwang@gan.com
310.384.1132
aprior@equityny.com
212.371.8660
   
   
 
  Davy (Nominated Adviser, Euronext Growth Adviser and Joint Broker)  
  John Frain / Barry Murphy  
  +353 1 679 6363  
   
Liberum (Joint Broker)
 
  Neil Patel / Cameron Duncan  
  +44 (0) 20 3100 2000  
 

GAN Reports Strong March 2019 Internet Gambling Growth For New Jersey

Total Internet Gaming Win Increased 52.7% from prior year monthly period

London & Dublin - April 15, 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 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.

(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 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.

GAN Reports Q1 2019 Key Performance Indicators Highlighted by 148.3% Growth in Gross Operator Revenue

London & Dublin - April 1, 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 for the first quarter of 2019, highlighting continuingly strong momentum with all business units of the Company (Real-Money Gaming, Simulated Gaming, Online Sports Betting) operating at record levels in Q1 2019.

Management Commentary
Dermot Smurfit, CEO of GAN commented:

"Internet Sports betting in New Jersey driven by national events such as the Super Bowl (American Football) and NCAA college basketball's 'March Madness' continued to fuel exceptional growth of Gross Operator Revenue in this first quarter of 2019, as well as amplify the positive impact to Casino revenues from the cross-over of sports gamblers to casino games."

First Quarter 2019 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 148.3% year-over-year and 41.4% quarter-over-quarter to $59.1 million. This increase was driven by strong growth in real money regulated gambling in the US.

· Active Player-Days increased to 5.3 million, an increase of 65.6% year-over-year and 14.4% quarter over quarter.

· Exceptional growth experienced in New Jersey driven regulated Internet Sports betting.

Screen Shot 2019 04 01 at 9.50.29 AM


(1) The numbers contained herein are unaudited and derived from GAN's internal business intelligence reporting systems

GAN reports strong February 2019 internet gambling growth for New Jersey

London & Dublin - March 15, 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 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.

GAN Announces Extension of Parx Casino Contract into New Jersey; Awarded US Gaming License Award from Pennsylvania Gaming Control Board

Maintains CY2019 Guidance of mid-high double-digit percentage revenue growth and positive EBITDA

London & Dublin, March 11, 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, today announced that GAN and Greenwood Gaming & Entertainment, Inc. trading as 'Parx Casino' ("Parx Casino") have extended their relationship and Parx intends to offer Internet sports betting and casino gaming in the State of New Jersey subject to approval by the relevant NJ regulatory authority, as well as in the State of Pennsylvania as previously announced on July 30, 2018 with commercial launch expected in 2019.

US Gaming License Award
On March 6, 2019, the Pennsylvania Gaming Control Board ("PGCB") conditionally approved GAN plc as an Interactive Gaming Manufacturer, a key step for GAN which reflects the Company's reputation and long-held commitment to transparency, compliance and probity. This license is GAN's second gaming license in the US following the receipt of a full Casino Service Industry Enterprise license in the neighbouring State of New Jersey in April 2017.

The Pennsylvania licensing fee now payable of $10,000 is significantly lower than the Company's previous expectations for $1M in direct licensure costs for delivering interactive gaming services to clients in Pennsylvania.

GAN further notes the conditional license by the PGCB of Betfair Interactive US, LLC ("Betfair") for a Sports Wagering Operator License. Betfair and its parent company FanDuel Group is a client of GAN for Internet gambling services in the State of Pennsylvania as previously announced on January 10, 2019.

Maintains CY2019 Guidance As Pennsylvania Internet Gaming Market Expected to Commence in Summer 2019
Following discussions with its clientele, GAN expects the Internet gambling market in Pennsylvania to commence in Summer 2019. Based on current strong trading conditions experienced year to date and lower Pennsylvanian licensing costs, the Company remains confident in the CY2019 full year guidance provided on January 25, 2019.

The Company expects mid-to-high double-digit percentage year on year revenue growth in FY 2019 and full year positive EBITDA1, based on the current fixed cost base. The Board does not anticipate any additional capital requirement on the current business plan and the Company is therefore fully funded.

GAN: Overview
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

References
1 Clean EBITDA is a non-GAAP Company specific measure and excludes interest, tax, depreciation, amortisation, share based payment expenses and other items which the directors consider to be non-recurring and one time in nature.

GAN Awarded ‘Best B2B Social Slot Company’

Prestigious Industry Award from leading US gaming research firm Eilers & Krejcik Gaming

London & Dublin, March 4, 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 announces GAN’s Simulated Gaming service for US casino operators won the
award for ‘Best B2B Social Slot Company’ at the Eilers & Krejcik Gaming LLC Industry event held on
Thursday February 28, 2019 in The Bellagio Hotel and Casino, Las Vegas, Nevada.

Competitors for this major Industry award included large casino equipment manufacturers such as
Scientific Games and Novomatic. Beating major US incumbents reaffirms the Company’s belief in the
competitive advantages inherent in GAN’s US-patented technology Platform and supporting services,
offering casinos in all US States the opportunity to launch a ‘freemium’ online gaming experience.
GAN’s ‘Simulated Gaming’ leverages the Casino’s retail loyalty program and delivers multiple proven
success factors: Reactivation of lapsed retail customers, increased retail visitation by existing
customers together with incremental high-margin income in the online channel.

Highlights
• US leading gaming research firm Eilers & Krejcik Gaming LLC (“EKG”) hosted the first Annual EKG
Slot Awards on February 28, 2019 to acknowledge excellence in slot machine game development
within the US casino gaming Industry – including both land-based slot development as well as
social casino games. Awards are determined by the principals of EKG together with a panel of
Industry executives from the online Social Casino Industry.

• Approximately two-thirds of all patrons who frequent land-based US casinos are believed to also
play multiple ‘freemium’ slot games online offered by online-only operators. GAN’s retail casino
clients of Simulated Gaming capture an incremental share of their customers’ existing online
spend, by offering a ‘freemium’ Internet casino gaming experience which closely resembles the
on-property casino gaming experience.

• GAN’s US-patented technology enable the client’s customers enrolled in the retail Casino loyalty
program to sign up online, instantly link their retail loyalty card to their online account and receive
loyalty points in exchange for diverse online actions such as spending money, referring friends or
other non-gaming actions. Loyalty points received from online activity are subsequently
redeemed in the retail Casino property for free hotel room stays, free buffet meals and/or free
gambling on any of the slot machines available inside the Casino.

Management Commentary
Dermot Smurfit, Chief Executive Officer of GAN commented, “Eilers & Krejcik is a pre-eminent and
highly respected gaming research firm in the US and their recognition of our achievements are
sincerely welcomed by everyone at GAN. We firmly believe GAN offers an extremely effective path for
US casinos seeking to move online and engage their retail gaming customers in the online channel.
Our patented technology Platform places loyalty program at the heart of the online experience and
delivers increased share of their customers’ existing wallet. We look forward to continuing our service
to the US casino operators.”

Trading Statement & Notice of Results

GAN Expected to Post 2018 Year-End Financial Results Ahead of Expectations

London & Dublin - January 25, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software and services in the United States and Europe, today provides a trading update ahead of its preliminary results for the year ended December 31, 2018 (FY 2018) and guidance for 2019.

2018 Financial Highlights
Trading for FY 2018 is expected to be ahead of market expectations with revenue between £10.5M to £11.3M versus £9.1M for FY 2017. This result was primarily driven by real money Internet gambling which increased H2 2018 revenue by more than 40% over H1 2018. High quality recurring revenues represented approximately 85% of total revenue for the period, with almost two thirds originating from the US, the Company's key geographic market.

GAN ended the period with a strong debt-free balance sheet with £5.3M in cash as at December 31, 2018. EBITDA1 losses for the year are expected to be between £1.0M and £1.5M, due to continued investment in technical development resources throughout H2 2018 to enable the successful launch of the new Internet gambling services for clients in West Virginia, Pennsylvania, and New Jersey in H1 2019.

2019 Outlook
The outlook remains highly positive due to continued and rapid growth in real money Internet gambling delivered for clients in both the US and European markets. The Company therefore expects the strong momentum achieved during H2 2018 to continue into FY 2019. As such, management expects mid to high double digit percentage year on year revenue growth in FY 2019 and full year positive EBITDA1, based on the current fixed cost base.

The Board does not anticipate any additional capital requirement on the current business plan and the Company is therefore fully funded as it enters FY2019.

Management Commentary
Dermot Smurfit, CEO of GAN commented:

"We are delighted with our performance in 2018, which sets us up for strong growth in our business in 2019. Our intellectual property and technical expertise put us at the forefront of the internet sports betting and casino gaming market as demonstrated by our strong client base. Our recent contract announcements and expectation for further legislation to pass in new States in the US means that 2019 is set to be a very exciting year.

"We exceeded market expectations for revenue growth in 2018, having successfully launched Internet Sports betting in New Jersey. Our successful £7.5 million fund raising has enabled us to rapidly deliver for our clients and repay £2M in short term debt. Going into 2019, we are strategically well placed to deliver profitable growth in 2019."

Further information regarding trading during the period can be found below:

New Jersey & Pennsylvania Internet Gambling
Internet sports betting has exceeded initial expectations in the first 143-day operating period (to 21 January 2019). The positive impact in trading has been reflected by the Company's reported Key Performance Indicators for Q4 2018 published on the 17th of January 2019.

GAN's second client in New Jersey, Ocean Resort Casino ("ORC"), opened its land-based casino in Atlantic City on the 28th of June 2018. The Internet casino was delivered to ORC by GAN and went live on July 10th, 2018. The growth of ORC's Internet casino has been driven by substantial innovation in both product and bonusing, resulting in ORC's out-performance with their Internet casino relative to their retail gaming market share.

In Pennsylvania, preparations for the launch of Internet sports betting and Internet casino gaming for clients substantially progressed with commercial market commencement expected in H1 2019. GAN's clients in Pennsylvania include the #1 casino operator in the State, Parx Casino and the #1 operator of Internet gambling in New Jersey, PPB's FanDuel Group.

Simulated Gaming
GAN's US-facing Simulated Gaming business continued to benefit from growth among existing major US casino operator clients of Simulated Gaming including Chickasaw Nation's WinStar World Casino and Resort in Oklahoma and San Manuel Band of Mission Indians in California launched in 2017 and 2015, respectively. In Q4 2018, Simulated Gaming was launched for the Mississippi Band of Choctaw Indians, the owners of two major casino properties in Mississippi. As at December 31, 2018 GAN operated Simulated Gaming for 13 clients comprising principally of major US casinos (December 31, 2017: 13).

Overseas Internet Casino & Italy
The Overseas Internet Casino delivered to the Chickasaw Nation, which is available online at http://casino.WinStar.com, was substantially developed by GAN throughout 2018 and is designed to target selected regulated markets in Europe and the rest of the world. It was developed to deliver a unique casino gaming experience, comprising of exclusive casino slot games recognised on retail gaming floors worldwide together with an innovative bonusing program designed to incentivise visitation by Europeans to our client's US casino properties.

On September 12th, 2018 user acquisition marketing of the Overseas Internet Casino commenced through GAN Digital, the Company's Israel-based marketing services agency principally established in H1 2018. A more detailed update will be provided as part of the earnings call and calendar year 2019 outlook on March 29, 2019.

The Italian market grew rapidly in H2 2018 despite the practical implementation of the ban on the advertising of gambling in Italy which favours GAN's Italian clients as substantial operators of retail gambling premises. The Italian business performed in line with the Board's expectations for the full year 2018 and growth has continued during the seasonally strong Winter period.

Patent
The US Patent2 comprises multiple claims, principally for linking on-property rewards accounts held within casino management systems to patrons' online accounts held within an Internet gaming system, in addition to delivering a converged online-to-on-property experience for US casino patrons.

On December 31, 2018 GAN entered into a material licensing agreement, which included a non-exclusive license of GAN's Patent for a five-year term. The financial terms of the patent license are not disclosed. This Patent has now been licensed more than a dozen times by GAN to major US casino operators for the conduct of both real money Regulated Gaming and Simulated Gaming in the United States.

GAN has now placed a selected number of US casino operators on notice of GAN's Patent and associated intellectual property and anticipates concluding additional commercial licensing arrangements which shall contribute to GAN's revenue and earnings in 2019.

US Regulatory Developments
With respect to online sports betting in the US, GAN welcomed the repeal of the Professional and Amateur Sports Protection Act 1992 ("PASPA") by the US Supreme Court on the 14th of May 2018. The reported success of the Internet sports betting market in New Jersey in H2 2018 has resulted in an increase in the speed of regulation of intra-State Internet gambling and it is believed that seven additional US States are now considering the rapid regulation of Internet gambling including Michigan, Oregon, New York, Indiana, Kansas and Louisiana3 together with Massachusetts4.

Aligned with Industry consensus5 it is GAN's belief that state authorized, intra-State online, non-sports wagering gambling is legally permissible under the Wire Act, even as construed in the Department of Justice's recent Memorandum Opinion released on January 14, 2019. GAN is in regular communication with State regulatory agencies in all jurisdictions in which it does business and goes to great lengths to ensure that it is in good standing and that it is fully compliant with all applicable legal and regulatory requirements. There is no expected impact on US operations or growth plans.

London Headquarter Relocation
On Monday, December 17, 2018 GAN's UK team, including management, officially relocated to London's financial district from its previous headquarter location in Kensington. The relocation will result in a UK rent expense annual savings of £0.75M for the Company in 2019. The Company's registered office address is now Axe & Bottle Court, 70 Newcomen Street, London SE1 1YT.

Notice of Results
The Company will release its results for the year ended December 31, 2018 on March 29, 2019 when additional context on the success of Internet gambling services will be provided.

GAN: Overview
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

References
1 Clean EBITDA is a non-GAAP Company specific measure and excludes interest, tax, depreciation, amortisation, share based payment expenses and other items which the directors consider to be non-recurring and one time in nature.

2 Network Gaming System and Casino Management System Link, patent number 8,821,296 ("the Patent"), issued to GAN by the United States Patent and Trademark Office ("USPTO") on September 2, 2014. The Patent was subjected to an ex parte re-examination process which successfully concluded in 2017 in favour of GAN with the issuance of a certificate by the United States Patent and Trademark Office ("USPTO") confirming the validity of GAN's claims within the Patent.

3 Eilers & Krejcik Gaming LLC, January 10, 2019 report 'U.S. Sports Betting | 2019 Legislative Outlook'

4 Press reports on the introduction of Internet sports betting bills in Massachusetts
https://www.legalsportsreport.com/27721/massachusetts-sports-betting-bills-drop/
https://www.legalsportsreport.com/27757/massachusetts-sports-betting-bill-gov-baker/

5 American Gaming Association statement on January 18, 2019
https://www.americangaming.org/new/aga-statement-on-doj-reinterpretation-of-the-wire-act/

GAN Reports Q4 2018 Key Performance Indicators Highlighted by 103.9% Growth in Gross Operator Revenue

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 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.

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%

· 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.

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.

GAN Announces Major US Expansion with the FanDuel Group

London & Dublin | January 10, 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 signing of a material long-term deal with the FanDuel Group ("FDG") to be FDG's Platform for rapid deployment of Internet casino, and account services for Internet sports betting in Pennsylvania (pop. 13M) and West Virginia (pop. 1.8M), in addition to the existing services provided since 2013 by GAN to FDG in the State of New Jersey (pop. 9M).

This expanded contract represents a material increase in the value of the partnership to GAN across revenue share, professional services and patent licensing fees.

As part of the contract expansion FDG has agreed to license GAN's US Patent. GAN's patented technology allows land-based casino patrons enrolled in on-property loyalty programs to link existing loyalty cards to Internet gambling accounts and receive loyalty points in exchange for online gambling. Linking of patrons' loyalty cards is proven to greatly enhance online engagement by US casino patrons as well as substantially increasing lifetime value realized online through increased monetization and retention. Management believes that the recognition of GAN's US Patent significantly underpins GAN's intangible asset value and could potentially lead to further client partnerships and US Patent licensing revenue opportunities

Deal Highlights

·     Second client in the State of Pennsylvania (FanDuel Group) in addition to Parx Casino

·     Two additional US States (PA, WV) represent a combined population of approximately 14.8M

·     Licensure of strategic US Patent for linking US casino patrons' loyalty cards to their online gambling accounts, greatly enhancing GAN's IP licensing & enforcement program

·     Initial rapid deployment of FanDuel into both West Virginia and Pennsylvania

·     Five-year contract term extension commencing in 2019 and ending in 2024

Management Commentary

Dermot Smurfit, CEO of GAN commented:

"The contract extension combined with US Patent licensing represents a significant milestone in GAN's US evolution and reinforces our view that in the heavily regulated US online gambling market, effective and compliant 'platforms' are a premium component of the supply chain rather than a commodity. GAN is therefore very well placed to capitalize on the growth in US online gambling markets in terms of new operator clients, new States and underlying growth momentum."

GAN Announces Michigan Becomes Sixth State to Regulate Internet Gambling in the U.S.; Expects to Serve Land-Based Casino Operators in 2019

London & Dublin | December 21, 2018: GAN plc ("GAN" or the "Company") a leading B2B supplier of Internet gambling enterprise software-as-a-service solutions to the US land-based casino Industry, welcomes today's final approval by both the Michigan Senate and the Michigan House of Representatives of HB 4926 a bill that includes provisions for the legalisation of full real money Internet casino gaming in the state as well as Internet sports betting. The bill will now be presented to the Governor of Michigan and may then be signed into law at the Governor's discretion. 

GAN anticipates serving one or more land-based casino operators in Michigan with real money Internet gambling technology and supporting services commencing in 2019.

With a population of 10.0 million, the State of Michigan materially increases the number of Americans who will be permitted to play Internet casino games and bet on sports online. The Michigan regulated Internet gambling market is now expected to commence in 2020 and GAN is strongly positioned to serve Michigan casino operators in that State following successful launch of Internet casino and sports betting in the State of New Jersey in September 2018 and the forthcoming launch in Pennsylvania in H1 2019.

Management Commentary

Dermot Smurfit, CEO of GAN commented:

"Michigan is now America's sixth State to regulate Internet gambling, joining Nevada, Delaware, New Jersey, Pennsylvania and West Virginia. This reinforces our belief that the regulatory cycle for Internet gambling in the US will now be rapid. GAN is one of only two fully licensed B2B-only platform vendors in New Jersey, the largest casino in Pennsylvania as a client and one of the very few B2B-only technology vendors with the requisite technical expertise and 'day one' New Jersey experience to credibly serve Michigan's land-based casinos."

GAN Announces Partnership with Major European Slot Manufacturer, SYNOT

London & Dublin | December 21, 2018: 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 signing of a material long-term deal with Czech Republic-based slot machine and gaming technology manufacturer, SYNOT with a contract value in excess of £400,000 ($500,000).

SYNOT is a major manufacturer of physical gaming machines and designer of diverse gaming software, with gaming business activities across Europe, Asia and Africa. Under the terms, GAN will distribute six SYNOT-designed premium casino games, including their flagship slot title, "Alchemist's Gold", to the US market through GAN's proprietary 'GameSTACK' Internet Gambling Platform (IGS). The multi-year deal includes paid-for development fees and ongoing revenue-share participation throughout the term. All games are expected to be launched and fully functional by the end of 2019 and will be released as both Simulated Gaming and Real Money Gaming titles contingent on US regulatory State laws.

Management Commentary

Dermot Smurfit, CEO of GAN commented:

"We are excited to begin working with SYNOT and look forward to bringing their successful European slot titles to select US markets. The deal solidifies GAN's US market position as a viable route for international and domestic gaming companies to gain immediate access to the new and fast-growing regulated US online gaming market. We expect full US-integration of all 6 SYNOT titles to be completed by the end of 2019 and expect material impacts to GAN's 2019 EBITDA and revenue in the same period."

GAN Announces Exercise of Options

London & Dublin | December 21, 2018: GAN plc ("GAN" or the "Company"), announces today the exercise of options by Mr. Dermot Smurfit, Chief Executive Officer, who exercised 200,000 stock options on December 11, 2018 to acquire new ordinary shares at an exercise price of 25p per new ordinary share at a total cost of £50,000 which was subsequently received by the Company on December 21, 2018.

Management Commentary

Dermot Smurfit, CEO of GAN commented:

"As the Company's CEO, a major long-term shareholder and substantial holder of options over additional ordinary shares, I expect to continue to invest in GAN through progressive future exercises of vested share options."

After the transaction, Mr. Smurfit holds a total of 8,863,447 ordinary shares in the Company, representing 10.42% of the Company's total issued share capital. Mr. Smurfit currently holds vested stock options to exercise and acquire up to an additional 416,564 new ordinary shares as per the company's 2017 Stock Options Plan together with a further 1,229,436 which have yet to vest.

The total number of extant options over ordinary shares issued to the Directors is 2,346,000 and represents 2.76% of the issued share capital of 80,051,924 ordinary shares.

GAN Announces Launch of Simulated Gaming Website for Pearl River Resort in Choctaw Mississippi

Represents 14th Simulated Gaming™ Launch Throughout U.S.

London & Dublin | December 17, 2018: 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 launch of the Simulated Gaming Website for the Pearl River Resorts portfolio, consisting of 3 casinos in Choctaw, Mississippi. Customers can play at https://freeplay.pearlriverresort.com.

GAN previously announced the partnership with Mississippi's Choctaw Indians on April 30, 2018 and can be found here. The Company has since launched the Simulated Gaming Website on schedule and has seen a strong initial response from a new regional US gaming market. Pearl River has also agreed to license GAN's US Patent addressing loyalty awards linking, marking the 14th US client to do so.

Management Commentary

Dermot Smurfit, CEO of GAN commented:

"Pearl River is one of America's largest Native American casino resort properties, and the largest casino resort in Mississippi.  This represents a brand new, strategic market for GAN, and we look forward to working with Pearl River to grow their Simulated Gaming business in the coming months.  In the first half of 2018, GAN grew gross purchases by players by over 52% due to both new launches and existing expansion.  GAN now has successfully launched Simulated Gaming websites for 14 clients across 11 states, and we continue to see incremental opportunity to scale this segment through online/on-property marketing activity and working with our casino partners to expand user interaction and engagement."

GAN Reports Strong November Internet Gambling Growth For New Jersey

Total Internet Gaming Win increased 30.7% from prior year monthly period

Total Internet Sports Wagering Handle increased 36.8% From October 2018

London & Dublin | December 13, 2018: 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 December 12, 2018 by the New Jersey's Division of Gaming Enforcement ("DGE") of Internet gaming and Internet sports betting financial information for the calendar month of November 2018 in New Jersey. 

Highlights from the DGE include:

·     Internet Gaming Win was $26.9 million in November compared to $20.6 million in the prior year period, reflecting a year-over-year increase of 30.7%.

·     Total Internet Sports Wagering Handle(1) was approximately $238.6 million for the month of November 2018, an increase of 36.8% from $174.4 million in October 2018.

·     Sports Wagering Gross Revenues(2) (after payouts) were $21.2 million, compared to October's $11.7 million, for a month-over-month increase of 81.2%.

(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.

Launch of Internet Gaming for Goldbet

9TH client launch cements GAN’s position as the market leader in delivering Internet gaming content in Italy

London & Dublin | November 26, 2018: GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gambling software and services, today announces the launch of Internet gaming content for GOLDBET Srl (“Goldbet”) a leading Italian sports betting & casino gaming operator in Italy’s regulated market.

Further to the announcement on April 17, 2018 announcing Goldbet as the Company’s 9TH client in Italy, GAN has now integrated its Platform in Italy and launched internet gaming content for Goldbet. Goldbet operates a substantial network of more than 900 retail gambling shops accounting for approximately three per cent market share of Internet casino gaming in Italy.

Today, GAN delivers more than 500 high-quality casino slots, table games and non-traditional games in Italy to nine (9) Italian operators who together represent more than forty-five per cent of Italy’s total Internet casino gaming market by Gross Gaming Revenue. Strong growth in the region resulted in revenues from Italy growing to £1.7m during H1 2018 (£1.2m H1 2017; £2.8m CY2017) accounting for just under 40% of GAN’s net revenues and this latest launch further strengthens GAN’s position as the country’s leading independent Internet gambling software and services provider.


Management Commentary

Dermot Smurfit, CEO of GAN commented:

"GAN continues to win major clients in Italy by delivering an increasing number of high quality Internet casino games to our Italian clients, carefully procured from independent casino game design studios worldwide as well as major land-based casino equipment manufacturers. GAN’s distribution reach now extends to nearly half of the regulated Italian Internet casino gaming market: We very much welcome the launch of Goldbet as our ninth operator client in Italy.”


FAQ’s about GAN’s Italian real money online Regulated Gaming

  • Internet gaming was effectively out-lawed in Italy until 2008 when legislation permitted Italy’s existing retail & online sports betting operators to launch skill-based games online including Poker and traditional Italian card games played person-to-person. GAN launched its first Italian client SNAI SpA online in September 2008. Legislation permitting casino Table games passed in 2011 and casino Slots in 2013.
  • GAN’s client base in Italy comprises major retail gambling operators with counterpart Internet gambling operations. The ban in Italy on the advertising of gambling commenced in June 2018 and has been widely reported as negatively impacting online-only Italian operators of Internet gambling while favouring retail gambling operators.
  • The Internet casino market in Italy averaged EUR 57.7m ($71.3m) in Gross Gaming based on the three (3) months of February 2018, January 2018 and December 2017 market share information reported by the Italian regulator AAMS. This was an increase of +31.3% Year on Year on the three (3) month average of EUR 44.0m ($49.4m) in February 2017, January 2017 and December 2016.
  • There are sixty-nine (69) active operators of licensed Internet casino gaming in Italy. GAN’s nine (9) clients, including Goldbet, represent in aggregate more than 45% of the Internet casino market in Italy based on the market share information reported by the Italian regulator AAMS.

 

Q2 & Q3 Key Performance Indicators

Trading at Record Levels in Q3, driven by Strong Growth in US Sports Betting

London & Dublin | November 19, 2018: 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 for the second and third quarters of 2018, highlighting continued strong momentum with the Company trading at record levels in Q3 2018.

Today's update allows the US and global institutional investment community to properly track progress of GAN's diverse business on a quarterly basis.

Key Performance Indicators for Q4 2018 will be released in January 2019.

Existing KPIs

Q1 2017

Q2 2017

Q3 2017

Q4 2017

Q1 2018

Q2 2018

Q3 2018

Active Player-Days

2,227,905

2,600,842

2,996,914

3,066,920

3,194,907

3,133,054

3,402,065

% Change

+9.4%

+16.7%

+15.2%

+2.3%

+4.2%

-1.9%

+8.6%

ARPDAU

$7.69

$6.98

$6.36

$6.68

$7.55

$7.66

$7.85

% Change

+3.6%

-9.2%

-8.9%

+5.1%

+12.9%

+2.8%

+2.5%

An additional Key Performance Indicator 'Gross Operator Revenue' set out below 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.

New KPI

Q1 2017

Q2 2017

Q3 2017

Q4 2017

Q1 2018

Q2 2018

Q3 2018

Gross Operator Revenue

$17.1M

$18.2M

$19.1M

$20.5M

$23.8M

$24.0M

$26.7M

% Change QoQ

+13.3%

+6.0%

+4.9%

+7.6%

+16.2%

+0.8%

+11.3%

% Change YoY

+16.8%

+33.1%

+58.0+

+35.6%

+39.0%

+32.2%

+40.1%

Second Quarter 2018 & Third Quarter 2018 Highlights

·     +11.3% Quarter-on-Quarter increase in Gross Operator Revenue in Q3 2018 over Q2 2018 to $26.7M reflecting strong growth in real money regulated gambling in both Italy and New Jersey

·     +8.6% Quarter-on-Quarter growth in Active Player-Days in Q3 2018 over Q2 2018 to 3,402,065 Active Player-Days

·    Significant growth experienced in New Jersey during Q3 2018 driven by the launch of GAN's second New Jersey client Ocean Resort Casino and the commencement of regulated Internet Sports betting

·    July 10, 2018 the Company launched Ocean Resort Casino's real money Internet gaming website (www.OceanOnlineCasino.com) together with a counterpart Simulated Gaming website (www.OceanSocialCasino.com)

·    September 1, 2018 the Company launched regulated Internet sports betting for client PaddyPower Betfair plc's enlarged US business 'FanDuel Group' (http://sportsbook.FanDuel.com)

·     September 12, 2018 the Company launched digital user acquisition & retention marketing in support of the Overseas Internet Casino (www.WinStar.com) provided by GAN's Digital Marketing Agency in Tel Aviv, Israel

Management Commentary

Dermot Smurfit, CEO of GAN commented:

"GAN traded at record levels during these past two quarters with significant growth in Q3 driven by the launch of our second New Jersey client of regulated gaming accelerated by the first month of US Internet sports betting in September. The new Key Performance Indicator 'Gross Operator Revenue' identifies the GAN-enabled revenues delivered to our clients operating their Simulated Gaming and/or Regulated Gambling business on our technology Platform, in which GAN participates."

GAN continues its institutional outreach to the United States, where the Company conducts the predominant portion of its business activities. The expanded financial information flow supports the increasing number of suitably-qualified US institutional investors who engaged with GAN's equity story in late 2016, 2017 and in 2018. 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™.

GAN extends Simulated Gaming & Patent Licensing agreement with JACK Entertainment LLC

Leading Michigan & Ohio casino company extends existing contract for Simulated Gaming

London & Dublin | October 24, 2018: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software and services in the United States and Europe, today announces the extension of a pre-existing agreement with JACK Entertainment LLC, a major US operator of Simulated Gaming available at www.playJACK.com.

JACK and its affiliates' portfolio of properties include over 13,000 gaming positions, more than 400,000 square feet of gaming space, 400 hotel rooms, and 48 bars and restaurants. JACK is comprised of approximately 7,000 team members across four states.

Highlights

·     Delivering GAN's US-patented iBridge Framework™ links the GameSTACK™ Internet gaming system to JACK Entertainment's existing casino management system deployed in Ohio and Michigan.

·     The Simulated Gaming™ offering is operated from an instance of the GameSTACK™ Internet gaming system deployed in Las Vegas Nevada.

·     Simulated Gaming™ is an innovative internet gaming service designed by GAN specifically for land-based US casinos, offering a gaming-as-entertainment consumer website and mobile apps that include over 200 casino slot and table games, including poker, backgammon, gin rummy, poker dice and blackjack tournaments.

Management Commentary

Adam Suliman, Vice President of Online Gaming, commented:

"JACK Entertainment is excited to renew and extend GAN's simulated gaming experience for our casino guests. GAN has proved to be a great partner, offering our guests a fun and interactive way to engage with our properties."

Dermot Smurfit, CEO of GAN commented:

"As expected, and in line with our other casino operator clients' reported experience, JACK has experienced increased patron loyalty through increased visitation on-property and increased on-property gaming revenues, as a consequence of engaging with their patrons online as well as on-property. Simulated Gaming supports on-property casino visitation among patrons in competitive regional markets and enables the operator to develop an income stream as well as an online database in advance of any expected regulation of Internet gambling."

FAQ's about GAN's Internet Gambling 'Platform' powering Simulated Gaming

·     Simulated Gaming is operated on the exact same Platform as regulated Internet gambling delivered for operator clients in New Jersey and Europe. For investors and Industry analysts: The core of a "Platform" from both a technical and regulatory standpoint is the Player Account Management System i.e. where highly sensitive customer and player activity data is stored and processed. Other elements of Platform can include a sportsbook transaction engine, gaming content integrations, payment services, marketing services, trading services and other ancillary activities. However, the core functionality to describe B2B systems and services as a 'Platform' is the Player Account Management System. This is also the layer of B2B activity which tends to require regulatory approval as a 'Platform' since it is the focal point of data and player security. Therefore, without the Player Account Management System, a service provider might be offering very valuable B2B functionality but not in the strictest sense a 'Platform' (source: Regulus Partners, an international gambling advisory group). 

·     Launched in the US by GAN in January of 2014, Simulated Gaming™ has proven to monetize Internet traffic to existing websites operated by land-based US casinos at levels greatly exceeding equivalent numbers generally reported by Social Casino operators.

·     US casino operators report +50% of their surveyed casino patrons are already engaged in playing Social Casinos on Facebook and Simulated Gaming™ is proven to increase property visitation among existing patrons, reactivate lapsed patrons bringing them back on-property and drive acquisition of new patrons from outside the typical drive distance to the property.

Trading Statement & Notice of Results

London & Dublin | September 18, 2018: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software and services in the United States and Europe, today provides an update on trading for the half-year ended June 30, 2018.

GAN performed in line with market expectations during the first half of 2018.

The outlook for the second half year period and full calendar year 2018 is contingent on (a) the market size, share and growth rate of Internet sports gambling in New Jersey; (b) the timing with which Pennsylvania's regulator the Pennsylvania Gaming Control Board ("PGCB") permits the launch of Internet real money gambling for residents of the State of Pennsylvania; and (c) the speed with which efficient marketing of the Overseas Internet Casino is conducted in European regulated markets by GAN.

By way of outlook on 2019, the recent launch of Internet sports betting, the Company's current sales pipeline and existing contracted clients are projected to propel GAN to record revenues, revenue growth, and EBITDA.

GAN is due to release its half year result for the period ended 30 June 2018 on September 28, 2018.

PASPA / Regulatory Developments

With respect to online sports betting in the US, GAN welcomed the repeal of the Professional and Amateur Sports Protection Act 1992 ("PASPA") by the US Supreme Court on May 14, 2018. GAN has subsequently integrated a leading B2B sports betting system into GAN's Platform and delivered Internet sports betting in New Jersey to its client PaddyPower Betfair plc ("PPB"), branded 'FanDuel', on September 1, 2018.

The reported success of the Internet sports betting market in the first operating month of August 2018 may result in an increase in the speed of regulation of intra-State Internet gambling going forwards. It is believed that additional US States are now considering the regulation of Internet gambling.

New Jersey Internet Gambling

Internet sports betting's growth since launch on September 1, 2018 has exceeded initial expectations in the first 17 day operating period. Continued growth is contingent on the speed with which our client PPB phases in marketing investment and the competitive dynamics within this emerging market.

GAN's second client in New Jersey, Ocean Resort Casino ("ORC") opened the land-based casino in Atlantic City on June 28, 2018 and the Internet casino delivered to ORC by GAN commenced operations of its desktop-only website on July 10, 2018. The secondary launch of mobile apps to enable end users to engage with ORC's Internet casino via their personal mobile devices has been delayed by the New Jersey Division of Gaming Enforcement ("DGE") technical certification division due to the demand for certification of new Internet sports betting systems.

Mobile apps are required to be downloaded by end users in order for their physical location to be accurately determined in compliance with New Jersey Internet gambling regulations. Mobile casino gaming represents the substantial majority of Internet casino gaming revenues in New Jersey. The mobile apps were approved by the DGE on September 4, 2018.

Pennsylvania Internet Gambling

Pennsylvania's real money Internet gambling market is now expected to commence in early 2019. This delay, due to a slower-than-expected issuance of regulations by the PGCB, impacts GAN's ability to recognise revenues derived from professional services fees already generated by GAN year-to-date and similar incremental professional service fees expected to be generated in H2 2018 as preparations to launch our client Parx Casino's Internet gambling operations continue.

Such fee-based revenues from the professional services rendered by GAN to its clients are recognised following the client's commercial launch of Internet gambling. Accordingly, revenue from professional services delivered to Parx Casino in 2018 will now be recognized in H1 2019.

This regulatory delay will also negatively impact GAN's H2 2018 Net Revenue from the revenue-sharing aspect of GAN's commercial relationship with Parx Casino, the market-leading casino property in Pennsylvania.

GAN has been a registered gaming services provider in Pennsylvania since 2014 and successfully submitted its Pennsylvanian Internet gambling software vendor license application to the PGCB on September 17, 2018.

Italian Internet Gaming

GAN notes the recent legislative ban on advertising of gambling in Italy which comes into effect in January 2019. GAN's clients in Italy are predominantly land-based operators of retail betting shops as well as Internet gambling. Following consultation with selected Italian clients and specialised gaming research firm Eilers & Krejcik Gaming LLC1, Italian Internet gambling operators supported by significant retail operations are not expected to be materially impacted by the ban on advertising and may benefit from reduced competition from Internet-only operators.

As previously announced2, the Company will launch its 9th Italian client GOLDBET in Q4 2018 which operates more than 1,000 land-based betting shops in Italy.

Overseas Internet Casino

Operational marketing of the Overseas Internet Casino in Europe commenced on September 12 2018. This followed an extended period in Q3 restructuring certain operational and financial arrangements to ensure an efficient deployment of the previously-reported $10m in user acquisition marketing provided to GAN by our client, the Chickasaw Nation, to develop their Internet gambling business in European regulated markets.

Simulated Gaming™

The acquisition of new US casinos as clients for GAN's US-facing Simulated Gaming business has been impacted by the increased allocation of internal technical engineering resources towards real money Internet gambling in H1 2018, which will continue to delay incremental client acquisition until the previously announced expansion of the Company's software engineering team in Sofia, Bulgaria has completed in H1 2019.

GAN's client of Simulated Gaming, the Mississippi Band of Choctaw Indians, was announced on April 30, 20183 and is now anticipated to launch Simulated Gaming in Q4 2018.

As on June 30, 2018 GAN operated Simulated Gaming for 13 major US casinos coast-to-coast together representing in excess of $8bn in annual land-based gaming revenues as well as for a consortium of land-based gaming venues in Queensland, Australia identified as 'Club8Casino'.

Notice of Results

The Company will release its results for the half year period ended June 30, 2018 on September 28, 2018.

FAQ's about GAN's Internet Gambling 'Platform' & US Patent

· For investors and Industry analysts: The core of a "Platform" from both a technical and regulatory standpoint is the Player Account Management System i.e. where highly sensitive customer and player activity data is stored and processed. Other elements of Platform can include a sportsbook transaction engine, gaming content integrations, payment services, marketing services, trading services and other ancillary activities. However, the core functionality to describe B2B systems and services as a 'Platform' is the Player Account Management System. This is also the layer of B2B activity which tends to require regulatory approval as a 'Platform' since it is the focal point of data and player security. Therefore, without the Player Account Management System, a service provider might be offering very valuable B2B functionality but not in the strictest sense a 'Platform' (source: Regulus Partners, an international gambling advisory group).

· All US casinos operate an on-property rewards program (also called 'loyalty programs') where visitors to the land-based casino can enrol in a loyalty program, collect a rewards card and accumulate reward points from real money gambling on-property. Typically, US casinos have more than half of their active on-property patrons enrolled in these reward programs.

· GAN's US-patented technology principally permits US casino operators' carded patrons to link their reward card to their online gambling account in order to identify themselves as a patron of the land-based casino and a member of their retail rewards program.

· The Patent was awarded to GAN plc in September 2014 by the US Patent & Trademark Office ("USPTO") with the Patent reissued under the same Patent number by the USPTO on March 17, 2017 following an unsuccessful ex parte challenge brought by an anonymous US Industry actor.

Notes:

1 "The Italian gambling advertising ban is unlikely to impact operators equally with online only firms expected to be more significantly impacted by the blanket ban on all gambling advertising in the country. As can be seen from the market share in CY17 five of the seven largest operators in the iGaming market have a substantial land-based presence and will look to use that brand recognition along with cross- sell from land-based to online to continue to grow their share post-ban." Eilers & Krejcik Gaming LLC, September 4, 2018

2 https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GAN/13606639.html

3 https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GAN/13622744.html

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014

GAN Announces Appointment of Leading Intellectual Property Litigation Firm to Drive Licensing & Enforcement of US Patent

London & Dublin | September 14, 2018: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software and services in the United States, today announces the Company has awarded a mandate to specialist intellectual property litigation firm Irwin IP LLP ("Irwin IP") in Chicago, IL to implement a US patent licensing and enforcement program principally targeting operators in the regulated intra-State Internet gambling markets of New Jersey, Nevada, Delaware and Pennsylvania which are currently infringing upon the Company's US-patented intellectual property rights.

The commencement of GAN's Patent licensing program was announced on May 30, 2017 following an unsuccessful 'ex parte' (anonymous) legal challenge to GAN's US patent number 8,821,296, reinforcing the value of GAN's US-patented technology for linking land-based casino reward cards to online gambling accounts.

Following the completion of the £7.5M Equity Placing in June 2018 and the appointment of Irwin IP LLP, the Company will now proceed to assert its rights over US-patented intellectual property and seek commercial settlements for prior and continuing infringements by regulated Internet gambling operators and/or relevant technology vendors, who have been substantially and progressively placed on notice of the Company's US intellectual property rights.

A further update will be provided at GAN's H1 2018 interim results on September 28, 2018.

Highlights

· GAN's US Patent was awarded in September 2014 and this US-patented technology has been licensed by GAN to many of the largest US casino operators including Station Casinos, Chickasaw Nation, MGM Resorts, Ocean Resort Casino and Parx Casino for both Simulated Gaming (social casino gaming) and regulated real money Internet gambling in both New Jersey and Pennsylvania

· Irwin IP is an experienced intellectual property litigation firm in Chicago, Illinois with a substantial track record in the US casino gaming Industry securing injunctions and/or commercial licensing agreements with major US casino equipment manufacturers and/or US casino operators

· Irwin IP's accomplishments include representing a mid-sized software company in a three-week jury trial culminating in a $16 million jury verdict; helping a small, disruptive start-up defeat patent infringement and false advertising claims asserted by a large, multi-national company; and securing a permanent injunction and $7.3 million jury award in an offensive gaming patent infringement matter protecting a $100-million-dollar-a-year product line

Patent licensing and/or settlement awards represent a potentially high-margin incremental income stream for GAN.

 

FAQ's about Internet Gambling 'Platform' & US Patent

· For investors and Industry analysts: The core of a "Platform" from both a technical and regulatory standpoint is the Player Account Management System i.e. where highly sensitive customer and player activity data is stored and processed. Other elements of Platform can include a sportsbook transaction engine, gaming content integrations, payment services, marketing services, trading services and other ancillary activities. However, the core functionality to describe B2B systems and services as a 'Platform' is the Player Account Management System. This is also the layer of B2B activity which tends to require regulatory approval as a 'Platform' since it is the focal point of data and player security. Therefore, without the Player Account Management System, a service provider might be offering very valuable B2B functionality but not in the strictest sense a 'Platform' (source: Regulus Partners, an international gambling advisory group).

· All US casinos operate an on-property rewards program (also called 'loyalty programs') where visitors to the land-based casino can enrol in a loyalty program, collect a rewards card and accumulate reward points from real money gambling on-property. Typically, US casinos have more than half of their active on-property patrons enrolled in these reward programs.

· GAN's US-patented technology principally permits US casino operators' carded patrons to link their reward card to their online gambling account in order to identify themselves as a patron of the land-based casino and a member of their retail rewards program.

· The Patent was awarded to GAN plc in September 2014 by the US Patent & Trademark Office ("USPTO") with the Patent reissued under the same Patent number by the USPTO on March 17, 2017 following an unsuccessful ex parte challenge brought by an anonymous US Industry actor.

Notes:

1  https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GAN/13241403.html

GAN to deliver Sports betting for Parx Casino via its award-winning Platform

Multiyear partnership extension includes delivery of Sports betting in both Retail and Online channels for Pennsylvania's largest casino, a material increase in revenue opportunity

 

London & Dublin | July 30, 2018: 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 announces that GAN and Greenwood Gaming & Entertainment, Inc. trading as 'Parx Casino' ("Parx Casino") have executed a material contract to offer Sports betting in both the retail and online channels in the Commonwealth of Pennsylvania. Parx Casino's nominated third party sports betting application software provider will now be integrated by GAN with launch expected in H2 2018.

 

On July 16, 2018 GAN announced that Parx Casino had filed a petition with the Pennsylvania Gaming Control Board ("PGCB") confirming Parx Casino's intention to launch Internet gaming online in the State of Pennsylvania and identifying GAN as their enterprise software Platform provider.

 

Highlights

 

·   GAN will participate in the incremental Sports betting revenues generated both in the Retail channel (i.e. on-property within the casino) and in the Online channel.

 

·      Multi-year contract extension secured, proving the strategic merit of developing Simulated Gaming with US casino operators in advance of real money intra-State regulation

 

·      Pennsylvanian regulated Retail Sports betting is forecast to generate in excess of $100m1 in gross win in the first 12months and Internet Sports betting is forecast to generate a further $189m2 in the same period, in addition to the Pennsylvanian regulated Internet Gaming market forecast to generate $200m3 in gross gaming revenue online during the first twelve months of operation.

 

·      Parx owns and operates the #1 land-based casino property in Pennsylvania located a short distance from Philadelphia, Pennsylvania's largest City. In the most recent fiscal year ended June 30, 2018 Parx Casino generated $570m from slot machines and table games on-property representing a 18% share of the Pennsylvania's $3.2bn gaming market.

 

·   GAN's US-patented technology will enable Parx Casino patrons enrolled in the on-property loyalty program, to sign up online and instantly link their reward cards to their online account permitting those guests to trade in their reward points earned from on-property gaming for cash online and/or to earn rewards points from Internet gaming and/or sports betting, to be subsequently redeemed on-property.

 

Management Commentary

 

Jeff Berman, Chief Commercial Officer of GAN commented:

"Following the execution of this extension and amendment, GAN now offers clients a Platform equipped with multiple options for integrated Sports betting to be launched seamlessly alongside GAN's market-leading Internet casino product. We welcome the opportunity to deliver Sports betting in the retail channel, as well as online, through GAN's unique Platform containing patented technology."

 

John Dixon, CTO of Greenwood Gaming & Entertainment, Inc commented:

 

"GAN has ably demonstrated it abilities with both its overall Platform and its integration capability for existing major clients. By leveraging GAN's Platform, Parx Casino will have the opportunity to launch retail and online Regulated Sports betting together with online Gaming in Pennsylvania later this year, subject to the regulatory approval of the PGCB."

FanDuel Group to leverage GAN's enterprise software for Regulated Gambling in New Jersey

IGT Sports betting platform now integrated by GAN: Single-wallet solution for FanDuel-branded Internet sports betting & casino gaming

 

London & Dublin | July 18, 2018: 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 announces the Company is preparing to launch Internet sports betting in New Jersey for FanDuel.

 

Highlights

 

·     FanDuel Group is a subsidiary of Paddy Power Betfair PLC, a leading international sports betting and gaming operator. The agreement with GAN allows FanDuel Group to integrate its sports betting solution to the GAN Platform which is already certified for iGaming in the state of New Jersey.

 

·    GAN is working to complete the integration into the GAN Platform of FanDuel's nominated Internet sports betting software which is a combination of IGT's sports platform and Paddy Power Betfair's leading pricing, trading and risk management technology, along with a user interface designed for the US customer by the FanDuel team.

 

·     FanDuel expects to launch a FanDuel-branded website and accompanying mobile app offering Internet sports betting that leverages GAN's enterprise software later this year. Sports betting will be delivered as an integrated extension into GAN's enterprise software platform and GAN will participate in the incremental sports betting revenues.

 

Management Commentary

 

Dermot Smurfit, CEO of GAN commented:

 

"Online sports betting 'go-live' preparations for FanDuel are well advanced and we remain confident in launching integrated sports betting alongside our existing Internet casino later this year."

 

Matt King, CEO of FanDuel commented:

 

"The integration by GAN of our sports betting system is a reflection of GAN's flexible technology platform, 'can-do' attitude and their overall commitment."

GAN to launch Parx Casino Internet Gaming in Pennsylvania

Pennsylvania's market leading casino files $10m application in preparation for iGaming launch utilizing GAN's US-patented technology

London & Dublin | July 16, 2018: 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 confirms Greenwood Gaming & Entertainment, Inc. trading as 'Parx Casino' ("Parx Casino") has filed a petition with the Pennsylvania Gaming Control Board ("PGCB") confirming Parx Casino's intention to launch Internet gaming online in the State of Pennsylvania and identifying GAN as their enterprise software platform provider.

Parx Casino launched GAN's Simulated Gaming in March 2015, which will remain operational and available online at ParxOnline.com following the launch of real money regulated Internet gaming.


Highlights

· Parx owns and operates the #1 land-based casino property in Pennsylvania located a short distance from Philadelphia, Pennsylvania's largest City. In the most recent fiscal year ended June 30, 2018 Parx Casino generated $570m from slot machines and table games on-property representing a 18% share of the Pennsylvania's $3.2bn gaming market.

· The Pennsylvanian regulated Internet gaming market is forecast to generate $200m in gross gaming revenue online during the first twelve months of operation (source: Eilers & Krejcik Gaming LLC1).

· GAN's US-patented technology will enable Parx Casino patrons enrolled in the on-property loyalty program, to sign up online and instantly link their reward cards to their online account permitting those guests to trade in their reward points earned from on-property gaming for cash online and/or to earn rewards points from Internet gaming, to be subsequently redeemed on-property.

 

Management Commentary

Dermot Smurfit, CEO of GAN commented:

"Parx Casino and GAN have collaborated well for three years, developing a close working relationship by operating Simulated Gaming online. Launching regulated real money Internet gaming in Pennsylvania is a logical extension of our existing long-term relationship and we welcome the opportunity to deliver excellence in technology and product, as we have for our clients in New Jersey."

John Dixon, CTO of Greenwood Entertainment & Racing, Inc commented:

"GAN has demonstrated its Regulated Gaming capability in New Jersey and the merits of integrating with a casino management system. Parx Casino will have the opportunity to launch Regulated Gaming in Pennsylvania later this year, subject to the regulatory approval of the PGCB."

Notes

1 Eilers & Krejcik Gaming, LLC | 'Pennsylvania Gambling Expansion - Overview and Analysis' November 8, 2017

FAQ's about Pennsylvania, Internet Gaming, GAN's Patent & relevant legislation

· Pennsylvania's population of 12.8m is +42% larger than New Jersey's population of 8.9m.

· There are currently twelve (12) land-based casino properties in Pennsylvania which together generated $3.2bn in land-based gross gaming revenue in fiscal year 2017/18 ending June 30, 2018.

· Internet casino gaming in the neighbouring State of New Jersey is a fast-growing market which generated $221m in Gross Gaming Revenue in CY2017 (+30% Year on Year) and is anticipated to grow +20% Year on Year to ~$266m in CY2018E.

· Patent 8,821,296 was issued to GAN plc in September 2014 and governs the automated authentication, card linkage and intra-system messaging between the on-property Casino Management System and GAN's Internet gaming system. Already proven for Simulated Gaming, the launch of the real money Internet casino gaming for Parx Casino is anticipated to generate new on-property visitation by Internet-first players as well as increase visitation rates among patrons who first engage on-property with Parx Casino then subsequently play online from home, accumulating reward points from online play.

· GAN has licensed its US Patent fourteen (14) times to major US casino operators and Parx Casino is the third land-based casino operator to license the Patent for real money Online Gaming following the licensing & services agreements between GAN and Greenwood Gaming & Entertainment, Inc. announced November 2014; MDDC (The Borgata) announced December 2016; and Ocean Resort Casino announced July 2018.

· The Federal ban on sports betting enshrined within Professional and Amateur Sports Protection Act 1992 ("PASPA") was repealed by the Supreme Court of the United States on May 14, 2018 permitting individual US States to pass their own sports betting laws.

· Pennsylvania passed legislation bill HB 271 on October 26, 2017 (signed into law on October 30, 2017) enabling land-based casinos in the State of Pennsylvania to launch real money Internet gaming and (subject to the repeal of PASPA) Internet sports betting.

GAN launches Ocean Online Casino in New Jersey

First New Jersey casino to deliver a converged online & on-property real money gaming experience to guests utilizing GAN's US-patented technology


London & Dublin | July 11 2018: 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 announces the Company has simultaneously launched both real money Online Gaming and Simulated Gaming for Ocean Resort Casino in New Jersey supported by GAN's Turnkey Managed Services comprising technical operations management, software development, customer services & payments management together with associated regulatory consultancy.

GAN's Patent, now licensed to Ocean Resort Casino, will enable the client's guests enrolled in Ocean Premier, Ocean Resort Casino's loyalty program, to sign up online and instantly link their rewards card to their online account permitting those guests to trade in their reward points earned from on-property gaming for cash online and/or to earn rewards points from Internet gaming, to be subsequently redeemed on-property.

The Internet casino is now available on www.OceanOnlineCasino.com offering residents of, and visitors to, New Jersey a market-leading mobile-first Internet casino website/app design with Internet sports betting expected to be launched as an integrated extension in Fall of 2018 subject to customary commercial and regulatory approvals.

Highlights

· GAN's second client in New Jersey for real money Online Gaming and GAN's first 'bricks & mortar' casino operating real money Internet gaming on GAN's platform in New Jersey (existing GAN client PaddyPower Betfair plc does not own/operate a casino in New Jersey)

· First client to adopt Turnkey Managed Services provided by GAN from an experienced team in New Jersey including technical operations management, customer services, payments management and associated regulatory consultancy

· Second New Jersey casino operator to license GAN's US Patent for delivering converged online-to-retail real money Internet gaming

· First US client to launch 'dual-mode' real money Online Gaming for New Jersey resident patrons alongside 'freemium' Simulated Gaming for patrons' residents both inside and outside of New Jersey (~50% of Atlantic City casinos' patrons live outside the borders of New Jersey)

· Launch of 'Ocean Resort Casino' branded Internet sports betting expected in Q4 2018 following the repeal of PASPA on May 14, 2018

This is the fourteenth time GAN has licensed its US Patent to a major US casino and the second New Jersey land-based casino operator to license the Patent for both real money Online Gaming and virtual Simulated Gaming following the licensing & services agreement between GAN and MDDC (The Borgata) announced December 2016.

Company's second client of real money Internet gaming in New Jersey following PaddyPower Betfair plc launch in November 2013 also reliant on GAN's enterprise software platform and supporting services.

Management Commentary

Dermot Smurfit, CEO of GAN commented:

"Ocean Resort Casino is a fabulous casino property, unarguably offering the best quality gaming & hotel in Atlantic City, which has now been optimized for success by the new ownership and leadership. We're privileged to bring this immense property to life online, just as it relaunches in the traditional retail casino market. We're excited to deliver not just another 'me too' Internet casino, but to also bring online for the first time the capabilities unlocked only by GAN's convergence Patent which may give casino patrons in New Jersey a compelling economic rationale to play online with Ocean Resort Casino rather than established incumbent casino operators already online in this fast-growing market. Ocean Resort Casino is anticipated to be material to GAN's revenue and earnings in H2 2018."

Frank Leone, CEO of Ocean Resort Casino commented:

"GAN delivered efficiently and cost-effectively for Ocean Resort Casino and possesses a strategic patent which will give Ocean Resort Casino a competitive advantage with casino guests in Atlantic City who also choose to gamble online. Furthermore, GAN's proven platform, 'dual-mode' Simulated Gaming as well as real money Internet gaming and track record of client success in the New Jersey market are among the many reasons we chose GAN to bring Ocean Resort Casino online in 2018."

GAN extends content development and distribution agreement with Everi Holdings

Multi-year deal to develop & distribute 10 Everi slot titles on-board GAN market leading enterprise software platform


London & Dublin | June 27, 2018: 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 announces that casino technology solutions supplier, Everi Holdings Inc. (NYSE: EVRI), has entered into a multi-year extension with GAN for the development and distribution of ten (10) online slot games based on original Everi game themes. The games will be deployed locally on the GAN Platform for distribution by GAN to its diverse operator clients of Simulated Gaming coast-to-coast in the US and real money Internet gaming in New Jersey and Pennsylvania and in Europe.



Three (3) of Everi's most popular slot themes, Total Meltdown®, Carnival in Rio®, and Starry Night®, will receive upgrades from previously released online games to HTML5 client applications to be developed by GAN in H2 2018. An additional seven (7) Everi titles will be developed by GAN in HTML5 including marquee slot themes Zoltar™, Peking Fantasy®, Red Carpet®, Mystical Tarot®, Dragons Wild®, Ragtime Riches®, and Wild A Go-Go®.



Development fees received by GAN under the operation of this Agreement will generate a positive contribution to GAN revenues in H2 2018 and H1 2019.



Management Commentary



Dermot Smurfit, CEO of GAN commented:



"We've been working closely with Everi since 2013 and are delighted to extend and enhance our working partnership, to the direct benefit of all GAN's operator clients of both Simulated Gaming and real money Internet gaming in regulated markets. We're proud to continue serving as a trusted custodian of Everi's valuable intellectual property to be distributed online by GAN for real money Internet gaming into New Jersey, Pennsylvania, Italy, and other European markets as well as for Simulated Gaming coast-to-coast across the US."



David Lucchese, Executive Vice President of Digital and Interactive at Everi commented:



"Extending our agreement with GAN is a reflection of their commitment to developing quality online high-value slot machine content on their mature technology platform. GAN's extensive distribution network enables us to deliver our content rapidly into complex real money Internet gaming markets and for Simulated Gaming which has been adopted by an increasing number of major US casino operators who are all valued clients of Everi."

Result of General Meeting

London & Dublin | June 7, 2018: 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, advises that all resolutions notified to shareholders on May 22, 2018 and proposed at the General Meeting of the Company held today, June 7, 2018, were duly passed and, accordingly, shareholders have approved the subscription by new investors for 15,000,000 new shares in the capital of the Company. The subscription has raised gross proceeds of £7.5m for the Company.

The Company plans to use the net proceeds of the Subscription to substantially increase GAN's software engineering and operational resources to better serve existing major US clients' services such as the WinStar.com Overseas Internet Casino, launch new US clients and new services in the US in anticipation of Internet sports betting following the US Supreme Court's decision to lift the Federal Ban on sports betting delivered on May 14, 2018.

Proceeds from the Subscription will also be used to repay in full the £2,001,483 9% Convertible Unsecured Loan Notes 2022 issued by GAN in April 2017, in order to strengthen the Company's balance sheet, it thereby being debt-free and capitalized to levels the Directors of GAN believe are reasonably required to serve major multi-property and multi-State casino groups in the US.

Application has been made to the London Stock Exchange and Euronext Dublin for the Subscription Shares to be admitted to trading on AIM and the ESM, respectively. Admission of the Subscription Shares will become effective and dealings will commence in the Subscription Shares at 8.00 a.m. on June 8, 2018. The enlarged issued share capital of the Company on Admission is 85,051,924.

Management Commentary

Dermot Smurfit, CEO of GAN commented:

"This strategic capital raising exercise, completed today, positions GAN to consolidate its US market position and capture substantial incremental revenue opportunities available resulting from both Internet gaming and sports betting regulation in New Jersey, Pennsylvania and other US States expected to regulate Internet gambling in the near future."

This announcement contains inside information as defined in EU Regulation No. 596/2014 and is in accordance with the Company's obligations under Article 17 of that Regulation.

Capitalised terms used, but not defined in this announcement, have the same meanings as set out in the Circular.

Update on Legalization of US Internet Sports Betting

Re-confirms H2 launch of Internet sports betting in the US

London & Dublin | June 6, 2018: 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 provides an update following the decision of the Supreme Court of the United States ("SCOTUS") to overturn the previous Federal US prohibition on sports betting enshrined with the Professional and Amateur Sports Protection Act 1992 ("PASPA").

Recent press reports have speculated that certain New Jersey casinos may be prohibited from launching Internet sports betting due to their ownership of or other association with US sports teams ("Issue").

The Company re-confirms it is preparing to launch Internet sports betting in both New Jersey and Pennsylvania for its clients in H2 and further confirms the Company has investigated the reported Issue with its clients and does not currently expect any impact on GAN's plans to launch sports betting in H2.

Sports betting will be delivered as an integrated extension into GAN's enterprise software platform and GAN will participate in the material incremental sports betting revenues. These incremental revenues are expected to be material for GAN in H2.

Management Commentary

Dermot Smurfit, CEO of GAN commented:

"Online sports betting 'go-live' preparations are well advanced and we remain confident in launching as soon as reasonably possible in H2."

Result of Annual General Meeting

London & Dublin | June 4, 2018: 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, advises that all the resolutions posted to shareholders on May 3, 2018 and recommended by the Board of Directors at the Annual General Meeting of the Company held on June 1, 2018 were duly passed including the approval of the Company's audited accounts, directors' and auditor's reports for the calendar year ending December 31, 2017; the re-election of each of the directors of GAN plc; and the re-appointment of BDO LLP as the Company's auditor together with approval for the directors to determine the auditor's remuneration.

Repayment of Convertible Unsecured Loan Notes

London & Dublin | May 24, 2018: 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, has provided one month's notice that the Company has elected to repay and redeem in full the £2,001,483 9% Convertible Unsecured Loan Notes 2022 issued by GAN in April 2017. Such notice of repayment is subject to withdrawal by the Company should the Subscription as announced on May 21, 2018 not be approved by shareholders on June 7, 2018.

Following the full re-payment and redemption of the Convertible Unsecured Loan Notes the Company will be debt free effective from June 25, 2018.

GAN Proposed Equity Subscription of £7.5m to US investors

Substantial increase in capital to consolidate US market position

London & Dublin | May 21, 2018: 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 announces that it has conditionally raised £7,500,000 (before expenses) through an over-subscribed Subscription of 15,000,000 new ordinary shares of £0.01 each per share ("Ordinary Shares") at an issue price of 50p per Ordinary Share ("Subscription Shares") by US institutional shareholders (the "Subscription"). The Subscription Shares will represent 17.6 per cent. (approximately) of the enlarged issued share capital of GAN.

The Company plans to use the net proceeds of the Subscription to substantially increase GAN's software engineering resources to better serve existing major US clients' services such as the WinStar.com Overseas Internet Casino, launch new US clients and new services in the US in anticipation of Internet sports betting following the US Supreme Court's decision to lift the Federal Ban on sports betting delivered on May 14, 2018. Proceeds from the Subscription will also be used to repay in full the £2,001,483 9% Convertible Unsecured Loan Notes 2022 issued by GAN in April 2017, in order to strengthen the Company's balance sheet, it thereby being debt-free and capitalized to levels the Directors of GAN believe are reasonably required to serve major multi-property and multi-State casino groups in the US. Increases in software engineering resources will also take place substantially in GAN's existing offices in Sofia, Bulgaria where GAN has operated an engineering facility since 2016.

The Subscription is conditional upon the receipt of approval by shareholders in General Meeting ("GM") and upon admission of the Subscription Shares to trading on AIM and the ESM. Notice convening the GM containing full details of the Subscription and all applicable time periods will be sent to Shareholders and announced as soon as is practicable following this announcement. The Subscription Shares will rank pari passu with the existing Ordinary Shares and, subject to the receipt of shareholder approval at the GM, application will be made to the London Stock Exchange and the Irish Stock Exchange, trading as Euronext Dublin, for the Subscription Shares to be admitted to trading on AIM and the ESM respectively. Upon completion of the Subscription, GAN's enlarged issued share capital will consist of 85,051,924 Ordinary Shares.

Management Commentary

Dermot Smurfit, CEO of GAN commented:

"This strategic capital raising exercise positions GAN to consolidate its US market position and capture substantial incremental revenue opportunities available resulting from both Internet gaming and sports betting regulation in New Jersey, Pennsylvania and other US States expected to regulate Internet gambling in the near future."

GAN Welcomes Legalization of US Internet Sports Betting

Confirms H2 launch of Internet sports betting in the US

London & Dublin | May 15, 2018: 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 welcomes the decision of the Supreme Court of the United States ("SCOTUS") to overturn the previous Federal US prohibition on sports betting enshrined with the Professional and Amateur Sports Protection Act 1992 ("PASPA").

 

The Company confirms it is preparing to launch Internet sports betting in both New Jersey and Pennsylvania for its clients in H2.

Sports betting will be delivered as an integrated extension into GAN's enterprise software platform and GAN will participate in the material incremental sports betting revenues. These incremental revenues are expected to be material for GAN in H2.

 

Management Commentary

 

Dermot Smurfit, CEO of GAN commented:

"GAN has been preparing for sports betting since Q4 2017 at the request of multiple US Clients who asked GAN to review, procure and support the delivery of sports betting solutions both online and for deployment in the retail channel in the event PASPA was overturned. We welcome yesterday's repeal of PASPA and confirm that sports betting will be material to GAN's revenues going forwards, commencing in the second half of 2018."

Mississippi Band of Choctaw Indians selects GAN for Simulated Gaming

Three MBCI owned casinos to offer Simulated Gaming in H2 2018

London & Dublin | April 30, 2018: GAN plc ("GAN" or the "Company"), a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry, today announces the Mississippi Band of Choctaw Indians ("Client") as a new client of Simulated Gaming anticipated to launch in H2 2018.

The Mississippi Band of Choctaw Indians owns and operates Pearl River Resort whose portfolio of assets includes Silver Star Hotel & Casino, Golden Moon Hotel & Casino, Dancing Rabbit Golf Club, and Geyser Falls Water Theme Park located in Choctaw Mississippi.

The Mississippi Band of Choctaw Indians also operates the Resort's sister property, Bok Homa Casino located in Sandersville, Mississippi. Pearl River Resort is a major gaming destination for residents of Mississippi and Alabama offering 1,000+ hotel rooms together, with over 2,400 slot machines, 69 table games, 14 table elevated poker room, and bingo room which seats up to 306 players. Bok Homa Casino provides players with over 720 slot machines, 12 table games, and a bingo room which seats up to 236 players.

Highlights

· Major client win in a new regional US gaming market reinforces GAN's market position as the leading B2B enterprise software solution provider to 'bricks and mortar' US casino.

· Fourteenth US casino operator to license GAN's US Patent to permit patrons to link reward cards to their online Simulated Gaming account and receive reward points automatically triggered by the patrons' diverse online activities.

· Fifth major Native American casino operator in the United States to select GAN since the launch of Simulated Gaming.

· Optional real money Mobile On-property Gaming, at the Client's election, reinforcing the relevance of GAN's real money Internet gaming capabilities in support of Simulated Gaming.

Management Commentary

Dermot Smurfit, CEO of GAN commented:

"We are enormously privileged to bring one of America's largest and most vibrant Native American casino resort properties online with our Simulated Gaming solution. Pearl River Resort is the largest casino resort in the Mississippi gaming region and we anticipate their audience of patrons will engage heavily with Simulated Gaming."

William A. Johnson III, Interim President & CEO commented:

"We selected GAN for its proven success in helping casino properties to offer online gaming and for its capability to embed our on-property rewards program into an online experience. Equipped with GAN's Simulated Gaming, Pearl River Resort will now introduce our casino properties online to a wider audience of casino enthusiasts located in adjacent regional markets."

FAQs about GAN's Simulated Gaming™

· Launched in the US by GAN in 2014, Simulated Gaming™ has proven to monetize and retain casino patrons at levels substantially greater than those generally reported by social casino operators.

· Supported by 306 months of operating data, Simulated Gaming™ is now proven to drive increased visitation on-property among high-value casino patrons.

· US casino operators report more than 50% of their surveyed casino patrons are already engaged in playing multiple Social Casinos online. Simulated Gaming™ enables land-based US casinos to increase their 'share of wallet' among existing patrons as well as reactivate long-term lapsed patrons to return on-property.

GAN | Overview

GAN is a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry. GAN is listed on the ESM Market of the Irish Stock Exchange and the AIM Market of the London Stock Exchange under the ticker: GAN

The Company has developed an Internet gaming enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for both regulated real-money and/or virtual Simulated Gaming. GAN has fourteen (14) casino operators as clients of Simulated Gaming coast-to-coast across the US and Internationally; two (2) clients of real money Regulated Gaming in New Jersey; one (1) client of real money Regulated Gaming in Pennsylvania and ten (10) clients of real money Regulated Gaming in Europe.

The Internet Gaming System, developed in London under a UK Gambling Commission license, is certified to the highest technical standards currently required by gaming regulators. In April 2017 GAN was granted a Casino Service Industry Enterprise license by the New Jersey Division of Gaming Enforcement being GAN's first privileged gaming license in the United States.

For more information please visit www.GAN.com

GAN Digital marketing agency & senior exec appointment

GAN opens Digital Marketing Agency in Tel Aviv, Israel 
 
Appoints senior executive Meir Deutsch, formerly of William Hill Online

 

London & Dublin | April 20, 2018: 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, has opened 'GAN Digital', an in-house marketing agency to provide digital user acquisition & retention services to selected GAN clients worldwide. Operations at GAN Digital will be led by experienced senior digital marketing executive Mr. Meir Deutsch who joins GAN from William Hill Online and will serve as the Managing Director of GAN Digital.

Marketing services by GAN Digital are anticipated to commence in Q2 2018 focused on driving user acquisition and retention of real money Internet gaming customers in diverse regulated European markets.

Highlights

· Proven European digital marketing experience on-boarded within GAN's enterprise and offered as an incremental service to selected clients of real money Internet gaming.
· Widens the strategic scope of ancillary services available to GAN's operator clients worldwide.
· Formerly the Head of Marketing Planning, Operations & CRM at William Hill Online, Mr. Deutsch brings more than a decade of digital marketing experience to GAN, together with a deep understanding of Internet gaming marketing and associated investment strategies.

Management Commentary

Dermot Smurfit, CEO of GAN commented:

"Bringing proven real money Internet gaming marketing experience to GAN's current and future clients is an increasingly important strategic aspect of GAN's US market position as a provider of both our enterprise Platform for Internet gaming together with ancillary marketing services to support client success. We're delighted to announce the formal opening of GAN Digital in Tel Aviv, long-established as a hotbed of marketing innovation and Internet gaming expertise."

Meir Deutsch, Managing Director of GAN Digital commented:

"After more than six years building William Hill Online and investing substantial marketing capital for one of the UK's largest and best-known brands, GAN offers the exciting opportunity to bring online new challenger brands in Europe designed to leverage land-based casino properties in the US. Tel Aviv remains one of the world's pre-eminent centers of digital marketing technology and offers the intellectual capital required to build substantial Internet gaming businesses online for our clients."

GAN extends iGaming deal with Paddy Power Betfair in New Jersey

Multi-year Extension by Key Client of GAN's iGaming Platform Services

London & Dublin | April 18, 2018: GAN plc ("GAN" or the "Company") a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry, today announces that key client Paddy Power Betfair Plc has entered into a multi-year extension with GAN for the continued provision of Platform Services in New Jersey's fast-growing Internet gaming market.

Paddy Power Betfair Plc and GAN collaborated in 2013 to launch www.BetfairCasino.com reliant on GAN's Internet gaming system and associated services and has since established a significant and profitable Internet casino in New Jersey.

Management Commentary

Dermot Smurfit, CEO of GAN commented:

"We're privileged to renew and extend our agreement with Paddy Power Betfair in the United States, one of the largest Internet sports betting and gaming operators in the world today. Our respective teams have performed well over an extended period in order to establish BetfairCasino.com as the leading independent Internet casino in New Jersey. We look forward to continued shared success."

Kip Levin, CEO of Betfair US commented:

"BetfairCasino.com offers a unique iGaming product experience for customers in New Jersey. The extension of this agreement is a reflection of GAN's flexible technology system, 'can-do' attitude and their overall commitment".

FAQ's about US regulation & GAN's real money online Regulated Gaming

· Internet gaming was effectively out-lawed in the United States during October 2006 by the Unlawful Internet Gaming Enforcement Act by prohibiting financial institutions from processing Internet gaming payments.

· In 2013 three (3) US States passed laws to regulate Internet gaming within their borders: Nevada (pop. 2.8m), Delaware (1m) and New Jersey (8.9m) comprising a total of 12.6m people representing less than 4% of the US population (324m). In the State of New Jersey (pop. 9m) the Internet gaming market commenced in November 2013 and generated $197m in gross Internet gaming revenues in calendar year 2016 representing 8.2% of the $2.4bn in land-based gross gaming revenues generated by New Jersey's eight (8) casino properties operational in full or in part throughout 2016.

· Both New Jersey and Pennsylvania have passed legislation enabling existing Internet gaming operators to launch Internet sports betting in the event PASPA is overturned by SCOTUS.

· Pennsylvania has a population of 12.8m, which more than doubles the number of Americans, who will be legally permitted to wager real money on Internet casino games following the commencement of Regulated Gaming in the State of Pennsylvania, anticipated in the first half of 2018.

· Real money online Regulated Gaming for GAN comprises wholly-regulated and US-compliant Internet gaming where end user players resident in wholly-legal jurisdictions deposit & wager real money while playing casino games online.

· GAN received its first full US gaming licence in April 2017 awarded by the State of New Jersey.

GAN announces GOLDBET as its 9th client in Italy

Increasing Italian market share for GAN's real money Internet gaming content development and distribution business

 

London & Dublin | April 17, 2018: GAN plc ("GAN" or the "Company") a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry, today announces that it has signed a multi-year agreement with GOLDBET Srl ("Goldbet") a leading Italian Internet sports betting & casino gaming operator in Italy's regulated market.

 

GAN delivers more 500+ high-quality casino slots, table games and non-traditional games in Italy to eight Italian clients who together represent more than forty per cent of Italy's Internet casino gaming market by Gross Gaming Revenue. Goldbet has approximately three per cent market share of Internet casino gaming in Italy and is anticipated to be accretive to GAN's Net Revenues and EBITDA derived from Italy commencing in H2 2018.

 

Management Commentary

 

Dermot Smurfit, CEO of GAN commented:

 

"Italy remains a strategic stronghold for GAN and represents a substantial long term investment in a market which first regulated Internet skill-based games in 2009, Casino Table games in 2011 and Casino Slot Games in 2013. The Italian regulated Internet gaming market appears locked in a structural growth cycle which GAN continues to benefit from by delivering an increasing number of high quality Internet casino games to its clients. We very much welcome the addition of Goldbet as our ninth client in Italy."

Q4 2017 Key Performance Indicators

Continued Growth driven by real money Regulated Gaming

London & Dublin | January 26, 2018: 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 for the fourth quarter of 2017, highlighting continued strong momentum with the Company breaking through three million active player days for the first time with Average Revenue Per Active Player-Day (ARPDAU) returning to growth following decreases in the previous two quarters as a result of increased growth in real money Regulated Gaming relative to Simulated Gaming.

Today's update allows the US and global institutional investment community to properly track progress of GAN's diverse business on a quarterly basis.

Key Performance Indicators for Q1 2018 will be released in April 2018.

Quarterly KPIs Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017
Active Player-Days 1,700,908 2,037,233 2,227,905 2,600,842 2,996,914 3,066,920
% Change - -- +19.8% +9.4% +16.7% +15.2% +2.3%
ARPDAU $7.09 $7.42 $7.69 $6.98 $6.36 $6.68
% Change - -- +4.6% +3.6% -9.2% -8.9% +5.1%

 

Fourth Quarter 2017 Highlights

·     Sixth successive Quarter of growth in Active Player-Days.

·     +2.3% Quarter-on-Quarter growth in Active Player-Days in Q4 2017 over Q3 2017 to 3,066,920 Active Player-Days.

·     +5.1% Quarter-on-Quarter increase in Average Revenue Per Daily Active User in Q4 2017 over Q3 2017 to $6.68 reflecting strong growth in real money Regulated Gaming.

Management Commentary

Dermot Smurfit, CEO of GAN commented:

"Our sixth successive quarter of growth continues to demonstrate the sustained progress GAN has made in developing our market position in the US focusing on real money Regulated Gaming in New Jersey and Simulated Gaming for clients coast-to-coast across America supported by substantial organic growth in Italy, one of Europe's largest regulated markets for Internet gambling."

Over the past eighteen months, GAN has begun to increase its institutional outreach to the United States, where the Company conducts the predominant portion of its business activities. The expanded financial information flow supports the increasing number of suitably-qualified US institutional investors who engaged with GAN's equity story in late 2016 and 2017. This Quarterly publication discloses the Active Player-Days and Average Revenue Per Active Player-Day (ARPDAU), in which GAN participates worldwide in regulated real money Internet gaming markets and Simulated Gaming™.

Trading Statement & Notice of Results

London & Dublin | January 23, 2018: GAN plc ("GAN" or the "Company") a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry, provides an update on trading for the year ended December 31, 2017.

GAN performed in line with market expectations during the second half of 2017 in both its real money Regulated Gaming and Simulated Gaming activities due to the launch of several new clients, including the launch of the Overseas Internet Casino2. During the period, the Company benefited from strict cost management and generated positive clean EBITDA1 for the full year 2017. Furthermore, the outlook for 2018 remains positive due to continued growth in real money Regulated Gaming and Simulated Gaming.

Regulated Gaming

In Italy, growth in Net Revenue experienced during H1 has continued into H2 where the Company has benefitted from the seasonally strong Q4 period.

In New Jersey, GAN's business continues to enjoy favourable market conditions and performed strongly in 2017. In H2 2017, GAN signed a multi-year agreement with AC Ocean Walk LLC which will be GAN's second client for real money Regulated Gaming in New Jersey. AC Ocean Walk LLC is the newly-announced owner-operator of Ocean Resort Casino for the launch of a real money Regulated Gaming online experience offering Internet casino gaming together with Internet sports betting integrated with the on-property rewards program in reliance on GAN's Patent3. This new Internet gaming destination is currently expected to launch in H1 2018 and will contribute materially to GAN's revenue and earnings in H2 2018. Ocean Resort Casino in Atlantic City New Jersey is the substantial casino property formerly known as TEN/Revel Casino.

In Europe, the identity of GAN's client for the Overseas Internet Casino2 can now be confirmed as the major Native American US casino operator Chickasaw Nation. The Overseas Internet Casino launched for the Chickasaw Nation was delivered in H2 2017 and is now available in regulated European markets at www.WinStar.com.

In Pennsylvania, regulation of real money Internet gaming occurred on October 30, 2017. GAN has served Simulated Gaming to Pennsylvania's market-leading land-based US casino Parx Casino with GAN's GameSTACK™ enterprise gaming software platform installed on-property at Parx Casino since 2015 and is currently preparing to deliver real money Regulated Gaming upon commencement of the Pennsylvanian Internet gaming market anticipated later in 2018.

Simulated Gaming™

GAN's US-facing Simulated Gaming business continued to benefit from the launch of several new US casino operator clients in 2017 including Ocean Resort Casino (formerly TEN/Revel Casino), Chickasaw Nation's WinStar World Casino, MGM's The Borgata, Oneida Nation's TurningStone and Station Casinos.

As on December 31, 2017 GAN operated Simulated Gaming for 12 major US casinos coast-to-coast (December 31, 2016: 8) together representing in excess of $8bn in annual land-based gaming revenues as well as for a consortium of land-based gaming venues in Queensland, Australia identified as 'Club8Casino'.

Regulatory Progress

On October 30, 2017 the State of Pennsylvania regulated Internet gaming becoming the fourth US State to regulate Internet gaming and the first new State to regulate Internet gaming since 2013. Additional US States are now considering the regulation of Internet gaming including Illinois, New York and Michigan.

With respect to online sports betting in the US, GAN welcomes any potential repeal of the Professional and Amateur Sports Protection Act 1992 ("PASPA") by the US Supreme Court and has taken preparatory steps to deliver a managed sports betting solution to its US clients via GAN's GameSTACK™ enterprise gaming software platform in partnership with a leading European B2B sports betting system and services provider SBTECH (as announced previously by the Company on January 15, 2018).

Patent

The US Patent3 comprises multiple claims principally for linking on-property rewards accounts held within casino management systems to patrons' online accounts held within an Internet gaming system and delivering a converged online-to-onproperty experience for US casino patrons. This Patent has now been licensed more than a dozen times by GAN to major US casino operators for the conduct of both real money Regulated Gaming and Simulated Gaming in the United States.

The Patent was subjected to an ex parte re-examination process which successfully concluded in 2017 in favour of GAN with the issuance of a certificate by the United States Patent and Trademark Office ("USPTO") confirming the validity of GAN's claims within the Patent.

GAN has now placed a selected number of US casino operators on notice of GAN's Patent and associated intellectual property and anticipates concluding commercial licensing arrangements which shall contribute to GAN's revenue and earnings in 2018.

Notice of Results

The Company will release its results for the year ended December 31, 2017 on March 29, 2018.

Management Commentary

Dermot Smurfit, CEO of GAN commented on the 2017 period:

"The Company generated positive clean EBITDA1 in H1 2017 following a substantial multi-year period of investment focused on the US land-based casino Industry. This favourable EBITDA trend has continued throughout H2 and we have delivered on the market's expectations to generate positive EBITDA for the full calendar year 2017."

1Clean EBITDA is a non GAAP Company specific measure and excludes interest, tax, depreciation, amortisation, share based payment expenses and other items which the directors consider to be non-recurring and one time in nature.

2Overseas Internet Casino to be delivered by GAN to an anonymous US casino operator and existing client of Simulated Gaming was previously announced by GAN plc on September 12, 2016.

3Network Gaming System and Casino Management System Link, patent number 8,821,296 ("the Patent"), issued to GAN by the United States Patent and Trademark Office ("USPTO") on September 2, 2014.

FAQ's about US regulation & GAN's real money online Regulated Gaming

·     In the event PASPA is overturned by SCOTUS in H1 2018 the US market opportunity for retail, online and mobile sports betting deployed on-property and online is expected to exceed $6bn by 2023 (source: Eilers & Krejcik Gaming, LLC November 2017).

·     Internet gaming was effectively out-lawed in the United States during October 2006 by the Unlawful Internet Gaming Enforcement Act by prohibiting financial institutions from processing Internet gaming payments.

·     In 2013 three (3) US States passed laws to regulate Internet gaming within their borders: Nevada (pop. 2.8m), Delaware (1m) and New Jersey (8.9m) comprising a total of 12.6m people representing less than 4% of the US population (324m).  In the neighbouring State of New Jersey (pop. 9m) the Internet gaming market commenced in November 2013 and generated $197m in gross Internet gaming revenues in calendar year 2016 representing 8.2% of the $2.4bn in land-based gross gaming revenues generated by New Jersey's eight (8) casino properties operational in full or in part throughout 2016.

·     Both New Jersey and Pennsylvania have passed legislation enabling existing Internet gaming operators to launch Internet sports betting in the event PASPA is overturned by SCOTUS.

·     Pennsylvania has a population of 12.8m, which more than doubles the number of Americans, who will be legally permitted to wager real money on Internet casino games following the commencement of Regulated Gaming in the State of Pennsylvania, anticipated in the first half of 2018.

·     Real money online Regulated Gaming for GAN comprises wholly-regulated and US-compliant Internet gaming where end user players resident in wholly-legal jurisdictions deposit & wager real money while playing casino games online.

·     GAN received its first full US gaming licence in April 2017 awarded by the State of New Jersey.

GAN | Overview

GAN is a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry. GAN is listed on the ESM Market of the Irish Stock Exchange and the AIM Market of the London Stock Exchange under the ticker: GAN

The Company has developed an Internet gaming enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for both regulated real-money and/or virtual Simulated Gaming. GAN has thirteen (13) casino operators as clients of Simulated Gaming coast-to-coast across the US and Internationally; two (2) clients of real money Regulated Gaming in New Jersey; one (1) client of real money Regulated Gaming in Pennsylvania and ten (10) clients of real money Regulated Gaming in Europe.

The Internet Gaming System, developed in London under a UK Gambling Commission license, is certified to the highest technical standards currently required by gaming regulators. In April 2017 GAN was granted a Casino Service Industry Enterprise license by the New Jersey Division of Gaming Enforcement being GAN's first privileged gaming license in the United States.

For more information please visit www.GAN.com

GAN announces SBTECH as a Strategic Partner for US Sports Betting

London & Dublin | January 15, 2018: GAN plc (“GAN” or the “Company”) a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry, today announces a strategic relationship with SBTECH to serve real money sports betting to GAN’s diverse US casino operator clients (“Clients”). Integrated with GAN’s GameSTACKTM enterprise software platform, SBTECH’s sports betting solution is anticipated to be delivered to selected Clients’ end users engaging via both the Internet and retail channels. GAN’s Clients together represent more than seventy casino properties located coast-to-coast generating in excess of $8bn in land-based casino gaming revenues annually.

This strategic partnership positions both GAN and SBTECH in the event the Supreme Court of the United States (“SCOTUS”) overturns or otherwise modifies the current Federal US prohibition on sports betting enshrined with the Professional and Amateur Sports Protection Act 1992 (“PASPA”).

SBTECH is a leading European B2B provider of sports wagering technology and related managed services including sports trading, odds compilation and risk management.

 

Management Commentary

Dermot Smurfit, CEO of GAN commented:

GAN has been asked by several Clients to review, procure and support the delivery of a sports betting solution both online and in the on-property retail channel in the event PASPA is overturned. We have conducted a lengthy diligence process in Europe to identify a preferred sports betting partner based on their technical capability, US licensing suitability, ability to integrate seamlessly with GAN’s enterprise software platform and the sophistication of their managed sports services. We are delighted to announce this strategic relationship with SBTECH.

Richard Carter, CEO for SBTECH commented:

GAN is a licensed, trusted partner to more than a dozen US casino operators equipped with unique intellectual property and a proven track record in delivering and growing Internet gaming businesses in the United States. This partnership is logical for SBTECH and permits SBTECH to rapidly introduce its sports betting technology and services to a wide range of US casinos with a view to being the first to settle a US sports bet online and on-property in States such as New Jersey and Pennsylvania, in close collaboration with GAN.

 

FAQs about US regulation & GAN’s real money online Regulated Gaming

  • In the event PASPA is overturned by SCOTUS in H1 2018 the US market opportunity for retail, online and mobile sports betting deployed on-property and online is expected to exceed $6bn by 2023 (source: Eilers & Krejcik Gaming, LLC November 2017). 
  • Internet gaming was effectively out-lawed in the United States during October 2006 by the Unlawful Internet Gaming Enforcement Act by prohibiting financial institutions from processing Internet gaming payments.
  • In 2013 three (3) US States passed laws to regulate Internet gaming within their borders: Nevada (pop. 2.8m), Delaware (1m) and New Jersey (8.9m) comprising a total of 12.6m people representing less than 4% of the US population (324m). In the neighbouring State of New Jersey (pop. 9m) the Internet gaming market commenced in November 2013 and generated $197m in gross Internet gaming revenues in calendar year 2016 representing 8.2% of the $2.4bn in land- based gross gaming revenues generated by New Jersey’s eight (8) casino properties operational in full or in part throughout 2016.
  • Both New Jersey and Pennsylvania have passed legislation enabling existing Internet gaming operators to launch Internet sports betting in the event PASPA is overturned by SCOTUS.
  • Pennsylvania has a population of 12.8m, which more than doubles the number of Americans, who will be legally permitted to wager real money on Internet casino games following the commencement of Regulated Gaming in the State of Pennsylvania, anticipated in the first half of 2018.
  • Real money online Regulated Gaming for GAN comprises wholly-regulated and US-compliant Internet gaming where end user players resident in wholly-legal jurisdictions deposit & wager real money while playing casino games online.
  • GAN received its first full US gaming licence in April 2017 awarded by the State of New Jersey.


GAN | Overview

GAN is a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry. GAN is listed on the ESM Market of the Irish Stock Exchange and the AIM Market of the London Stock Exchange under the ticker: GAN

The Company has developed an Internet gaming enterprise software system, GameSTACKTM, which it licenses principally to land-based US casino operators as a turnkey technology solution for both regulated real-money and/or virtual Simulated Gaming. GAN has thirteen (13) casino operators as clients of Simulated Gaming coast-to-coast across the US and Internationally; two (2) clients of real money Regulated Gaming in New Jersey; one (1) client of real money Regulated Gaming in Pennsylvania and ten (10) clients of real money Regulated Gaming in Europe.

The Internet Gaming System, developed in London under a UK Gambling Commission license, is certified to the highest technical standards currently required by gaming regulators. In April 2017 GAN was granted a Casino Service Industry Enterprise license by the New Jersey Division of Gaming Enforcement being GAN’s first privileged gaming license in the United States.

For more information please visit www.GAN.com

SBTECH | Overview

SBTech is the leading B2B supplier to the online betting and gaming industry in regulated markets worldwide. Its award-winning sportsbook platform is widely acknowledged as the industry’s leading solution offering operators best-in-class technology. SBTech is also recognised as one of the leading innovators when it comes to ground-breaking betting products and features.

The company’s recently-launched Managed Services offers gaming companies the opportunity to choose the services they want to manage or leave to SBTech; such as CRM, compliance or risk management.

As a member of the American Gaming Association’s sports betting taskforce, SBTech is proud to support the US gaming industry’s efforts to regulate its sports betting sector and work towards the best possible regulatory framework in the country. Defined by technical excellence, a powerful sportsbook engine and informed by deep market knowledge, SBTech’s innovative solutions deliver competitive edge and rapid growth for its clients.

For more information on SBTECH please visit www. SBTECH.com 


For further information please contact:

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

GAN Releases Quarterly Key Performance Indicators for its 2017 Third Quarter

Continued Strong Growth from its core US market and Simulated Gaming
(Photo: Business Wire)(Photo: Business Wire)

LONDON & DUBLIN--()--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 indicators1 for the third quarter of 2017. This allows the US and global institutional investment community to properly track progress of GAN’s diverse business on a quarterly basis.Over the past fifteen months, GAN has begun to increase its institutional outreach to the United States, where the Company conducts the predominant portion of its business activities. The expanded financial information flow supports the increasing number of suitably-qualified US institutional investors who engaged with GAN’s equity story in late 2016 and 2017 to date. This Quarterly publication discloses the Active Player-Days and Average Revenue Per Active Player-Day (ARPDAU), in which GAN participates worldwide in regulated real money Internet gaming markets and Simulated Gaming™.Key Performance Indicators for Q4 2017 and CY2017 will be released with GAN’s full year CY2017 financial results on or before March 31, 2018. The composition and nature of GAN’s Key Performance Indicators will be reviewed by the US-based CFO anticipated to join GAN in early 2018.
                               
Quarterly KPIs     Q3 2016     Q4 2016     Q1 2017     Q2 2017     Q3 2017
Active Player-Days     1,700,908     2,037,233     2,227,905     2,600,842     2,996,914
% Change     - --     +19.8%     +9.4%     +16.7%     +15.2%
ARPDAU     $7.09     $7.42     $7.69     $6.98     $6.36
% Change     - --     +4.6%     +3.6%     -9.2%     -8.9%
                               
Third Quarter 2017 Highlights
  • Fifth successive Quarter of growth in Active Player-Days.
  • +15.2% Quarter-on-Quarter growth in Active Player-Days in Q3 2017 over Q2 2017 to 2,996,914 Active Player-Days.
  • -8.9% Quarter-on-Quarter decline in Average Revenue Per Daily Active User in Q3 2017 over Q2 2017 to $6.36 reflecting strong growth in higher-margin Simulated Gaming which proved modestly dilutive to ARPDAU across the enterprise.
Management CommentaryDermot Smurfit, CEO of GAN commented:“Five successive quarters of growth more recently driven by Simulated Gaming in the Company’s key market of the US. Overall ‘GAN-enabled revenue’ in which GAN participates increased +5% in Q3 2017 over Q2 2017. Moving ‘bricks & mortar’ US casinos online with GAN’s Simulated Gaming continued to deliver growth quarter on quarter despite the full impact of Summer seasonality which generally reduces players’ levels of online engagement and propensity to spend money.”

GAN Positioned for Strong Revenue Growth Commencing in 2018 as Bill to Legalize Real Money Internet Gaming in Pennsylvania Becomes Law

London & Dublin | October 31, 2017: GAN plc ("GAN" or the "Company") a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry, today announces that HB 271, a bill that includes provisions for the legalisation of full real money Internet gaming in Pennsylvania, was signed into law by the Governor of Pennsylvania yesterday. HB 271 was passed by the Senate in Pennsylvania on October 25, by the House of Representatives on October 26 and signed into law by Governor Tom Wolf on October 30.

Pennsylvania is the second largest casino market in the United States and becomes the fourth State where Americans will be permitted to undertake Internet gaming. The Pennsylvanian regulated Internet gaming market is now expected to commence in H1 2018 and GAN is positioned for strong revenue growth from that market commencing in 2018.

Management Commentary

Dermot Smurfit, CEO of GAN commented:

"The signing into law yesterday of House Bill 271 provides full certainty that real money Internet gaming is coming to Pennsylvania in 2018. Governor Tom Wolf elected to sign this major gaming expansion bill in order to start the clock ticking as soon as possible. GAN is positioned for strong revenue growth in 2018 both prior to and following the commencement of the new Pennsylvanian Internet gaming market in H1 2018 as the first land-based casino operators 'ready to go' are likely permitted to move online first. GAN is very well prepared for Pennsylvania to regulate. We have a full Internet gaming system already deployed inside a leading Pennsylvania casino, hold a full gaming license in New Jersey as well as being a registered authorized gaming services provider in Pennsylvania since 2014."

FAQ's about US regulation & GAN's real money online Regulated Gaming

·     Internet gaming was effectively out-lawed in the United States during October 2006 by the Unlawful Internet Gaming Enforcement Act by prohibiting financial institutions from processing Internet gaming payments.

·     In 2013 three (3) US States passed laws to regulate Internet gaming within their borders: Nevada (pop. 2.8m), Delaware (1m) and New Jersey (8.9m) comprising a total of 12.6m people representing less than 4% of the US population (324m).  In the neighbouring State of New Jersey (pop. 9m) the Internet gaming market commenced in November 2013 and generated $197m in gross Internet gaming revenues in calendar year 2016 representing 8.2% of the $2.4bn in land-based gross gaming revenues generated by New Jersey's eight (8) casino properties operational in full or in part throughout 2016.

·     Pennsylvania has a population of 12.8m, which more than doubles the number of Americans, who will be legally permitted to wager real money on Internet casino games following the commencement of Regulated Gaming in the State of Pennsylvania, anticipated in the first half of 2018.

·     Real money online Regulated Gaming for GAN comprises wholly-regulated and US-compliant Internet gaming where end user players resident in wholly-legal jurisdictions deposit & wager real money while playing casino games online.

·     GAN received its first full US gaming licence in April 2017 awarded by the State of New Jersey.

GAN | Overview

GAN is a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry. GAN is listed on the ESM Market of the Irish Stock Exchange and the AIM Market of the London Stock Exchange under the ticker: GAN

The Company has developed an Internet gaming enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for both regulated real-money and/or virtual Simulated Gaming. GAN has thirteen (13) casino operators as clients of Simulated Gaming coast-to-coast across the US; two (2) clients of real money Regulated Gaming in New Jersey; and ten (10) clients of real money Regulated Gaming in Europe.

The Internet Gaming System, developed in London under a UK Gambling Commission license, is certified to the highest technical standards currently required by gaming regulators. In April 2017 GAN was granted a Casino Service Industry Enterprise license by the New Jersey Division of Gaming Enforcement being GAN's first privileged gaming license in the United States.

For more information please visit www.GAN.com

LONDON STOCK EXCHANGE (LSE): GAN | IRISH STOCK EXCHANGE (ISE): GAME

GAN Plc

Investor Presentation

London & Dublin | October 5, 2017: GAN plc ("GAN" or the "Company") a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry, announces that it will be hosting an investor presentation in London on Thursday 12 October 2017.

Dermot Smurfit, Chief Executive Officer of the Company will present the operational and financial results for the half year ended 30 June 2017, as well as an overview of the Company and its plans for the future.

The event is open to all investors and will be held from 16.30 for a 16.45 start at a venue in the City.

To register for the event, please email GAN@walbrookpr.com or call the Walbrook PR team, below.

GAN Chief Financial Officer Transition

Desmond Glass to Depart in Q4 2017 as CFO role relocates to Las Vegas

GAN plc (“GAN” or the “Company”) a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry, today announces the Group’s Chief Financial Officer (“CFO”) role will relocate from London to GAN’s US operations in Las Vegas commencing in Q4 2017 following interim H1 2017 results in September.

The CFO role transition better reflects GAN’s continued growth in the North American market. This follows the relocation of the CEO’s role to Las Vegas in Summer 2015; the relocation of the Chief Information Officer role to Las Vegas in Summer 2016; and the appointment of Las Vegas-resident Mr Seamus McGill as Chairman in April 2017, all of which have proven instrumental in accelerating growth of Simulated Gaming for GAN’s thirteen US casino clients coast-to-coast as well as GAN’s New Jersey real money Internet casino gaming services delivered to PaddyPower Betfair plc.

GAN’s CFO and Company Secretary Desmond Glass has decided not to transition to the United States at this time in order to pursue UK-based opportunities.

Management Commentary

Dermot Smurfit, CEO of GAN commented:

“After a successful multi-year period with GAN, and having been instrumental in preparing the Group for its successful public listing in November 2013, Desmond leaves behind a strong legacy best represented by GAN’s growing business in the US and selected regulated Internet gaming markets in Europe. We wish Desmond every success in the future. The relocation of the CFO role from London to Las Vegas aligns with GAN’s medium term strategy to seek admission to the US capital markets. Desmond will remain CFO in London until October and I expect that the new US-based CFO will be announced with our interim results on or before September 30, 2017. I look forward to working with Desmond closely in the coming months to prepare for the transition of his responsibilities.”

GAN Releases Quarterly Key Performance Indicators for its 2017 Second Quarter

Continued Strong Growth from its core US market and Simulated Gaming

London & Dublin | July 5, 2017: 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 for the second quarter of 2017. This allows the US and global institutional investment community to properly track progress of GAN's diverse business on a quarterly basis.

Over the past twelve months, GAN has begun to increase its institutional outreach to the United States, where the Company conducts the predominate portion of its business activities. The expanded financial information flow supports the increasing number of suitably-qualified US institutional investors who engaged with GAN's equity story in late 2016 and 2017 to date. This third Quarterly publication discloses the Active Player-Days and Average Revenue Per Active Player-Day (ARPDAU), in which GAN participates worldwide in regulated real money Internet gaming markets and Simulated Gaming™. Q3 2017 Key Performance Indicators will be released in October 2017.

Second Quarter 2017 Highlights

  • Fourth successive Quarter of growth in Active Player-Days.
  • +16.7% Quarter-on-Quarter growth in Active Player-Days in Q2 2017 over Q1 2017 to 2,600,842 Active Player-Days.
  • -9.2% Quarter-on-Quarter decline in Average Revenue Per Daily Active User in Q2 2017 over Q1 2017 to $6.98 reflecting strong growth in higher-margin Simulated Gaming which proved modestly dilutive to ARPDAU across the enterprise.

Management Commentary

Dermot Smurfit, CEO of GAN commented:

"GAN has now reported four successive quarters of growth more recently driven by Simulated Gaming in the Company's key market of the US. Overall 'GAN-enabled revenue' in which GAN participates increased +6% in Q2 2017 over Q1 2017. Moving 'bricks & mortar' US casinos online with GAN's Simulated Gaming continued to deliver growth quarter on quarter despite the onset of Summer seasonality which generally reduces players' levels of online engagement and propensity to spend money. GAN, like all Internet gaming companies with players principally located in the Northern Hemisphere, experiences Summer-related seasonality in both calendar Q2 and Q3 each year."