GAN reports record trading in third quarter
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GAN, the premier B2B supplier of gaming software, has posted a record level of trading for the third quarter of 2018.
Gross operator revenue reached US$26.7m for the third quarter, an 11.3 increase from the second quarter. GAN also reported an 8.6 per cent quarter-on-quarter growth in active player-days in Q3 2018 to 3.4m.
The company launched regulated internet sports betting for PaddyPower Betfair’s enlarged US business FanDuel Group on September 1.
Dermot Smurfit, CEO of GAN, said: “GAN traded at record levels during these past two quarters with significant growth in Q3 driven by the launch of our second New Jersey client of regulated gaming accelerated by the first month of US internet sports betting in September.
“The new KPI ‘Gross Operator Revenue’ identifies the GAN-enabled revenues delivered to our clients operating their simulated gaming and/or regulated gambling business on our technology platform, in which GAN participates.”
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