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

January 17, 2019

LONDON & DUBLIN--(BUSINESS WIRE)-- GAN plc (“GAN” or the “Company”), an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, today announced the release of quarterly key performance indicators¹ 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.
• 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.

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%

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 [email protected].

About GAN Plc

GAN is a leading business-to-business (“B2B”) supplier of internet gambling software-as-a-service solutions (“SaaS”) to the US land-based casino industry. The Company has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses principally to land-based US casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming. The Company has also launched digital user acquisition & retention marketing in support of the Internet Casino (https://casino.winstar.com) provided by GAN’s Digital Marketing Agency in Tel Aviv, Israel.

GAN is listed on the London Stock Exchange (LSE: GAN) and on the Irish Stock Exchange (ISE: GAME).

For more information please visit www.GAN.com.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20190117005346/en/

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

US Investors: The Equity Group
Adam Prior
[email protected]
+1(212)371-8660

UK & Ireland Investors: Walbrook PR
Paul Cornelius
[email protected]
+44 20 7933 8780

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

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

Source: GAN plc