This little Co is looking better now they are getting more and more deals , latest news is plans to introduce Online Gaming in Europe and Asia . Dermot Desmond has just got onboard , he was Betdaq owner til sold to Ladbrokes . He is a major shareholder in Ladbrokes .

London & Dublin - January 15, 2019: GAN plc today updated the market following the publication on January 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 December 2018 in New Jersey.

Highlights from the DGE include:
· Internet Gaming Win was $29.0 million in December compared to $20.8 million in the prior year period, reflecting a year-over-year increase of 39.7%.

· Total Internet Sports Wagering Handle (1) was approximately $241.0 million for the month of December 2018, an increase from $238.6 million in November 2018 and $174.4 million in October 2018.

· Sports Wagering Gross Revenues (2) (after payouts) were $20.8 million, compared to November's $21.2 million and October's $11.7 million.

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

London & Dublin - January 17, 2019: GAN 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.
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."

https://www.moneyam.com/action/news/showArticle?id=6280738

StockMarketWire.com
Gambling services company Gan said Friday it expected annual results to top market expectation following 'rapid' growth in its real money internet gambling segment.

Trading for 2018 was expected to be ahead of market expectations with revenue between £10.5M to £11.3M versus £9.1M for 2017, the company said. 'This result was primarily driven by real money Internet gambling which increased H2 2018 revenue by more than 40% over H1 2018.'

The company achieved 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.

Earnings (EBITDA) losses for the year were 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,' the company added.

But earnings would improve in the upcoming year, the company said.

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."