Sunday , August 14 2022

iGaming News | Record Trading for GAN in Q3


GAN, a provider of online gaming software, announced the record level of trading for the third quarter of 2018, thanks to the launch of its second client at the New Jersey Ocean Resort Casino.


Total operator revenues reached $ 26.7 million in the third quarter, up by 11.3% in the second quarter of 2018 and a year-on-year improvement of 40.1%. This also reflects the strong growth in gambling in Italy.

GAN also recorded a quarter-on-quarter increase in active player days in the third quarter of 2018 to 3.4 million.

The company launched regulated online sports betting at PaddyPower Betfair's expanded FanDuel Group sales team on September 1.

Dermot Smurfit, Managing Director of GAN, said: "GAN has traded at record levels in the past two quarters, with strong growth in the third quarter due to the launch of a second New Jersey regulated gaming customer accelerated by the first month of US sports betting on the Internet in September.

"The new Gross Operator Revenue KPI identifies GAN-supported revenue that is provided to our clients who run their simulated game and / or regulated gambling activity on our GAN's technology platform in which GAN participates."

Source link