GAN expects to set revenue records

The online gambling technology supplier hopes 2019 will be a record-setter in both revenue and earnings.

US.- Online gambling technology supplier GAN has released a trading update in which it forecasted a revenue and earnings growth “in line with market expectations” in the six months ending June 30. The official H1 report will be issued on September 28, but the company already advanced it may post record figures.

GAN revealed that its performance for the second half of the year is “contingent” on several issues, like the growth of online sports betting in New Jersey, how soon Pennsylvania regulators fire the starting gun on their intrastate online gambling market, and how fast GAN can roll out marketing in European regulated markets for the Overseas Internet Casino (Winstar.com) of its Chickasaw Nation client.

The company integrated a B2B online sports betting system into its platform to launch FanDuel, in addition to launching a desktop-only online gambling product for Atlantic City’s Ocean Resort Casino back in July. Furthermore, GAN has submitted its online gambling technology vendor application to Pennsylvania regulators prior to the market’s launch next year.

Regarding its Europe facing products, it has already established in Italy, where a gambling ad ban has recently been enforced, but the company claims it won’t affect its business.