Developer and supplier of B2B internet gaming software, services and online gaming content Gan has continued its strong momentum, reporting a record third quarter in which the firm experienced a significant level of growth.
Lauding its notable US-based developments, Gan has detailed significant growth within the New Jersey market during Q3, driven by its second client, Ocean Resort Casino, in addition to the commencement of sports wagering within the region.
Launching real money internet gaming via its new Atlantic City-based agreement, a further social casino gaming site also debuted, in addition to introducing internet sports betting in association with Paddy Power Betfair and Fanduel’s enlarged US business, FanDuel Group.
Not disclosing its own earnings or revenues within its latest update, the organisation revealed that clients utilising its platform for simulated or real money gaming secured gross revenues of $26.7m.
Representing an 11.3 per cent boost as opposed to the second quarter of this year, the figure also sees a significant 40.1 per cent jump year-on-year, with strong growth within both the US’ Garden State and the Italian market reflecting the figures.
Furthermore, Gan also reported an 8.6 per cent rise in active player days in the third quarter of 2018 as opposed to the prior period, showing 3.4 million, whilst also reporting a 2.5 per cent jump in average revenue per daily active user to $7.85.
Dermot Smurfit, CEO of Gan, 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.”
