News Business GAN Revenue Up

GAN Revenue Up

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A leading gaming company in the US has reported significant growth for the last quarter of 2019, thanks to the growing US gaming market.

GAN, which provides a range of solutions for sports betting and casino operators, have announced their key performance indicators for the fourth quarter of 2019, which have been boosted by continuing growth in the Pennsylvania and New Jersey markets

The figures detail a range of indicators, including operator revenue and average revenue, across all of the GAN-powered internet gambling platforms.

And, according to the report, operator revenue was up a massive 189.1% on 2019, thanks largely to a gain of 49.3% to a total of $120.8 million. This growth was powered but big increases in the level of real money gaming in the US betting sector, as well as growth in the Italy betting market.

There was also a big increase in the total of unique active gamblers. GAN recorded a total of nine million at the end of 2019, which amounts to a 94.8% increase on a year on year basis, boosted by an impressive 65.7% increase in the fourth quarter of the year.

Speaking about the figures, the CEO at Gan, Dermot Smurfit, said that a number of factors, including the upturn in betting that coincided with the NFL season, and their activities in the states of New Jersey and Pennsylvania helped to boost the final figures that show the firm’s health:

“Continued year on year growth rate experienced in Q4 demonstrates our platform technology’s ability to scale successfully for our diverse clients of real money US internet gambling, simulated gaming as well as our long-standing Italian clients.”

In 2019, GAN signed a notable deal with fantasy sports and sports betting firm FanDuel Group, while the company also won an extension to its partnership in the state of Indiana.

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