GAN, the developer and supplier of enterprise-level B2B internet gaming software, services and online gaming content in the US, has posted unaudited quarterly key performance indicators for the second and third quarters of 2018, highlighting, it said, continued strong momentum with the company trading at record levels in Q3 2018.
In its highlights, the firm cited an 11.3% quarter-on-quarter increase in gross operator revenue in Q3 2018 over Q2 2018 to $26.7m, reflecting ‘strong growth in real money regulated gambling in both Italy and New Jersey’. It also reported significant growth experienced in New Jersey during Q3 2018 driven by the launch of its second New Jersey client Ocean Resort Casino and the commencement of regulated Internet Sports betting.
Dermot Smurfit, CEO, commented: “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 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.”
In its main statement, GAN said it continues its institutional outreach to the US, where the company conducts the predominant portion of its business activities.
