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NEWS 6 January 2020

GAN operator revenue up 189% for Q4 2019

By Owain Flanders

GameAccount Network (GAN) saw gross operator revenue of $120.8m for Q4 2019, an increase of 189% year-on-year.

The supplier also saw a 95% increase in active player days, with a total of 9 million for the period.

Average revenue per active player day was $13.43 for Q4 2019, up 48% from the previous year.

GAN mainly attributed its strong performance to the popularity of sports betting in the US and the cross-selling of casino sports bettors to casino gaming.

Dermot Smurfit, CEO of GAN, said: “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 US internet gambling, simulated gaming as well as our long-standing Italian clients.

“The fourth quarter benefitted from a strong seasonal demand during the NFL season; cross-selling of US sports bettors to internet casino gaming in the states of New Jersey and Pennsylvania; and the launch of sports betting in the state of Indiana.”

GAN expanded its partnership with FanDuel to include Indiana after the state legalised sports betting in May last year.

The supplier’s deal with FanDuel also includes Pennsylvania and New Jersey.

RELATED TAGS: Financial | Sports Betting | Industry
IN-DEPTH 23 January 2020
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