Gan Lauds Continued NJ and PA Growth For Q4 Performance

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Continued growth in New Jersey and Pennsylvania, coupled with high demand for sports betting in Indiana, was praised by Gan as the company releases key performance metrics for the fourth quarter of 2019.

The quarterly report shows active player days, average revenue per active player-day and total operator income, in which Gan participates in regulated internet gambling markets for real money and simulates gambling.

Gan estimates that year-over-year gross operator sales rose 189.1 per cent, helped by a quarterly rise of 49.3 per cent to $120.8 million. This was driven largely by strong growth in US real money regulated gambling, as well as seasonal growth witnessed in both the controlled gambling industry in Italy and virtual gambling.

In addition, the number of unique active gamblers grew to nine million, reflecting 94.8 percent year-over-year and 65.7 percent quarterly growth.

Dermot Smurfit, CEO of Gan, said of the publication of the key performance indicators: “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 benefited from strong seasonal demand during the American Football NFL season; cross-selling of US 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.”

Last year, FanDuel Group and Gan outlined the expansion to the state of Indiana of an existing US-based relationship by introducing internet sports wagering, despite the state’s operation legislation.

The former had already launched the Blue Chip Casino Hotel Spa and Belterra Casino Resort on a retail basis through its State Access Agreement with Boyd Gaming.

 

 

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