Gan Sees Increased Performance in Q4 2019

In the fourth quarter of 2019, Gan has seen significant growth, mostly thanks to continued growth across New Jersey and Pennsylvania and increasingly high demand in Indiana for sports betting.

The quarterly publication states the active player days, average revenue per active player-day and gross operator revenue, in which Gan participates in regulated real money internet gambling markets and simulated gaming.

According to the quarterly report, the gross operator revenue increased 189.1 per cent year over year with a quarterly boost of 49.3 per cent, amounting to $120.8m. This kind of growth is driven by strong growth in real money regulated gambling in the US, coupled with seasonal growth experienced in both Italy’s regulated gambling market and simulated gaming.

Active Gambler Growth

Aside from this, the number of unique active gamblers amounted to nine million, which is a 94.8 per cent increase year over year and 65.7 per cent quarterly increase.

Representatives from GAN say that the growth demonstrates their technology’s ability to scale successfully for their diverse clients of real money US internet gambling, simulated gaming, and their long-standing Italian clients.

Dermot Smurfit, CEO of Gan, commented the publication of the key performance indicators: “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.

“The fourth quarter benefited from strong seasonal demand during the American Football NFL season; cross-selling of US sports bettors to internet casino gaming in the states of New Jersey and Pennsylvania and the launch of internet sports betting in the state of Indiana.”

Highlights from the DGE

Internet Gaming Win was $4.9 million in October, reflecting an increase of 19.5% from the prior sequential month. 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.

More About GAN:

The company offers and deploys real money gaming and unique in-casino mobile experiences. It has been in the industry for over 15 years as a B2B provider to the iGaming sector. The employees of GAN are experienced engineers, marketers and gaming experts that are able to tailor the solutions to the needs of their clients. In 2015 and 2016, the eGaming Review North America recognized GAN’s GameSTACK™ as the Casino Platform of the Year and in 2016 and 2017, GAN was recognized as Freeplay Supplier of the Year.

Source:

“Gan Lauds Continued NJ and PA Growth For Q4 Performance”, realmoneyaction.betsandodds.net, January 6, 2020.