GAN revenue sees major 171 pct jump

Software supplier GAN saw revenue skyrocket as it was up 171.3% year-on-year, thanks to the improved US industry.

US.- The industry continues to thrive in the US and companies are getting profit from it. That’s why gambling software supplier GAN saw gross operator revenue increase to 171.3% year-on-year. The company posted US$315.6 million in 2019, thanks to the major gambling expansion and a Q4 key performance.

For the fourth quarter of 2019, GAN saw its operator revenue increase by 189.1% to US$120.8 million. Its active player days rose 94.8% to 9 million while ARPDAU increased 48.4% to $13.43. All three figures were by far the highest of any quarter in 2019.

The growth in gross operator revenues and the number of active players was mainly due to the popularity of sports betting in the US and the cross-selling of sports betting customers to casino games, said. The supplier powers the account services for FanDuel’s mobile sportsbook offering in New Jersey, Pennsylvania and Indiana.

“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 U.S. Internet gambling, Simulated Gaming as well as our long-standing Italian clients,” iGB quoted GAN chief executive Dermot Smurfit on GAN revenue.

“The fourth quarter benefited from strong seasonal demand during the American Football NFL season; cross-selling of U.S. 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.”