New Jersey performance boosts GAN s Q3
GAN has grown its Q3 revenue 40% year-on-year to $26.7m, aided by the launch of its platform with its second New Jersey client, Ocean Resort Casino.
The last two quarters have been significant for GAN, as it launched its sports betting platform with Ocean Resorts Casino’s website in July, and September saw the company launch regulated internet sports betting for PaddyPower Betfair’s FanDuel Group.
Q3 also saw GAN grow its active player days by 9% to just under 3.5 million.
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 our US internet sports betting in September.
“The new key performance indicator ‘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."
Performance indicators for Q4 2018 will be released in January 2019.